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1034 S Herbert Los Angeles, CA $ 2,210,000
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1034 S Herbert
$ 2,210,000
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1034 S Herbert

Los Angeles, CA, 90023
$ 2,210,000
Baths1.0 Sq 5,616

Monthly Estimate*

$ 13,607

Listed by 1000 Realty Corporation
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Studio

Multi-Family Home for sale in Los Angeles, CA

for $2,210,000 with 1 full bath. This 5,616 square foot home was built in 1992 on a lot size of 0.2718.

7 Large Units in LA county with Huge Lot Built in 1992. Great actual income with 6.27% CAP rate. 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 investor’s 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 buyer’s potential income could further increase, but the buyer must verify with the city. The property equipped with security cameras.

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Multi-Family Active

Price

$ 2,210,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.2718

Year Built

1992

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

AR26026771

Days on Market

2
Features
General
Sewer Public Sewer
HOA Fee 0
Garage Spaces 0
Pool Features None
Year Built 1992
Property Subtype Apartment
Gross Income 180913
Community Features Curbs Gutter(s)
County Los Angeles
Net Operating Income 138648
Operating Expense 42265
Insurance Expense 4000
New Construction false
Property Type Residential Income
HOA false
Contingency Property taxes are based on the amount paid by the owner in 2024.
MaintenanceExpense 1576
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions West of 710 Freeway & North of 5 Freeway Near USC Medical Center Cal State LA
City Los Angeles
Entry Location Front
Senior Community Y/N false
Open Parking Spaces 8
Number Of Units Total 7
MLS Area 699 - Not Defined
Lot Size Units Square Feet
Lot Size Square Feet 11841
Carport Spaces 8
Carport Y/N true
Listing Terms Cash Cash to New Loan
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 960
Fuel Expense 324
Trash Expense 1200
Water Sewer Expense 8000
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Public Records
Tax Lot 143
Property Sub Type Additional Apartment
Taxes 25005
Cap Rate 6.27
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Interior
Total Stories 2
Common Walls 2+ Common Walls
Laundry Features Common Area Inside
Entry Level 1
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Exterior
Lot Features 6-10 Units/Acre
Water Source Public
Total Parking 16
Lot Size Area 11841
Number of Buildings 1
Building Area Total 5616
Lot Size Acres 0.2718
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 8
Number of Separate Electric Meters 8
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* Excluded Features
List By
1000 Realty Corporation

Broker

cbbenlin@hotmail.com

Email

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$13,607
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/5/2026$2,210,000 Listed Price

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1034 S Herbert, Los Angeles, CA, 90023 is a Multi-Family Home for sale at $2,210,000 with 5,616 sqft and a lot size of 0.2718. 1034 S Herbert is a studio with 1.0 baths and was built in 1992. The property's zip code is 90023 which is in Los Angeles, CA

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