1034 S Herbert Street, East Los Angeles, CA 90023
Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates
1034 S Herbert Street,East los Angeles, CA 90023
$2,210,000
- 8 Beds
- 7 Baths
- - sq. ft.
- Multi-family
- Active
Listed by:benjamin lin
Office:1000 realty corporation
MLS#:AR25218001
Source:San Diego MLS via CRMLS
Price summary
- Price:$2,210,000
About this home
7 Large Units with Huge Lot Built in 1992. No local rent control! Great actual income with 6.27% CAP rate. New rent start on 12/1/25. The rents are still well below market, giving the buyer tremendous potential to increase income further. Convenient location: about 5 miles to Monterey Park & Downtown LA, 7 miles to Alhambra and 8 miles to South Pasadena. Close to USC Medical Center, Cal State LA, Boyle Heights and employment hubs. Walking distance to shops, schools, and neighborhood dining. Centrally located near Arts District. Vibrant cultural community with strong rental demand. Minutes to major freeways (I-5, I-10, 710 & 60) . Easy commuter access. This is a value-add investors dream: long-term tenants, below-market rents, and immediate to get cash flow and for growth & appreciation. Ample parking spaces, with a total of 16 parking spots. Due to the large lot size and abundant parking, there is potential to add ADUs. If feasible, the buyers potential income could further increase, but the buyer must verify with the city. The property equipped with security cameras.
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Home facts
- Listing ID #:AR25218001
- Added:46 day(s) ago
- Updated:November 01, 2025 at 02:22 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:7
Finances and disclosures
- Price:$2,210,000
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