CA > East Los Angeles
East Los Angeles, CA 90023,1034 S Herbert ST
East Los Angeles, CA 90023,1034 S Herbert ST
East Los Angeles, CA 90023,1034 S Herbert ST
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$2,210,000
Est. payment /mo
0.27 Acres Lot
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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR25218001

HOA Y/N No

Year Built 1992

Lot Size 0.272 Acres

Property Sub-Type Apartment

Property Description

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 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.

Location

State CA

County Los Angeles

Area Ela - East Los Angeles

Interior

Fireplace No

Laundry Common Area, Inside

Exterior

Carport Spaces 8

Pool None

Community Features Curbs, Gutter(s)

Total Parking Spaces 16

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5239018003

Energy Description 324.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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CRMLS – RECore
Listed by Benjamin Lin 1000 Realty Corporation 626-233-3678

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