1034 Herbert Street, East Los Angeles, CA 90023
  • MLS#: AR25218001 ( Apartment )
  • Street Address: 1034 Herbert Street
  • Viewed: 2
  • Price: $2,210,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1992
  • Bldg sqft: 0
  • Days On Market: 95
  • Additional Information
  • County: LOS ANGELES
  • City: East Los Angeles
  • Zipcode: 90023
  • Provided by: 1000 Realty Corporation
  • Contact: Benjamin Benjamin
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    7 Large Units in LA county with Huge Lot Built in 1992. 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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Features
Association Fee
  1. 0.00
Building Area Total
  1. 5616.00
Carport Spaces
  1. 8.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Days On Market
  1. 72
Electric Expense
  1. 960.00
Entry Location
  1. Front
Fuel Expense
  1. 324.00
Garage Spaces
  1. 0.00
Gardner Expense
  1. 1200.00
Have
  1. 7 Huge units built in 1992
Insurance Expense
  1. 4000.00
Laundry Features
  1. Common Area
  2. Inside
Laundry Income
  1. 170.00
Lot Features
  1. 6-10 Units/Acre
Netoperatingincome
  1. 138648.00
Newtaxesexpense
  1. 25005.00
Otherincome1
  1. 145.00
Parcel Number
  1. 5239018003
Pool Features
  1. None
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 447293122:CRM
Tenant Pays
  1. Electricity
  2. Gas
Totalexpenses
  1. 42265.00
Trash Expense
  1. 1200.00
Uncovered Spaces
  1. 8.00
Water Sewer Expense
  1. 8000.00
Water Source
  1. Public
Year Built
  1. 1992
Year Built Source
  1. Public Records