East Los Angeles, CA 90023,1034 S Herbert Street
East Los Angeles, CA 90023,1034 S Herbert Street
East Los Angeles, CA 90023,1034 S Herbert Street
8
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$2,210,000
Est. payment /mo
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8 Beds
7 Baths
0.27 Acres Lot
Active

1034 S Herbert Street East Los Angeles, CA 90023

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Matthew Thornberg

Matthew Thornberg

+1(619) 799-9682

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR25218001

Bedrooms 8

Lot Size 0.272 Acres

Property Sub-Type Res Income 2-4 Units

Property 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.

Location

State CA

County Los Angeles

Zoning Public Rec

Direction West of 710 Freeway & North of 5 Freeway, Near USC Medical Center, Cal State LA

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 5239018003

Acceptable Financing Cash

Listing Terms Cash

MLS Router / San Diego MLS
Listed by Benjamin Lin 1000 Realty Corporation

Nearby Locations

SCHOOLSPROPERTIES
Elementary Schools 20
  • 10

    Kipp Comienza Community Preparatory

    Public | KG - 4

  • 10

    Kipp Iluminar Academy

    Public | KG - 4

  • 10

    Kipp Raices Academy

    Public | KG - 4

  • 9

    Kipp los Angeles College Preparatory

    Public | 5 - 8

  • 9

    Kipp Sol Academy

    Public | 5 - 8

  • 9

    Brooklyn Avenue School

    Public | KG - 8

  • 9

    Monterey Highlands Elementary School

    Public | KG - 8

  • 8

    Puc Milagro Charter

    Public | KG - 5

  • 8

    Brightwood Elementary School

    Public | KG - 8

  • 8

    Robert Hill Lane Elementary School

    Public | KG - 6

  • 6

    Maywood Elementary

    Public | KG - 5

  • 6

    Marianna Avenue Elementary School

    Public | KG - 6

  • 5

    Miles Avenue Elementary

    Public | KG - 5

  • 5

    San Antonio Elementary

    Public | KG - 5

  • 5

    Christopher Dena Elementary School

    Public | KG - 6

  • 5

    Sunrise Elementary School

    Public | KG - 6

  • 5

    Extera Public School No. 2

    Public | KG - 5

  • 5

    Malabar Street Elementary

    Public | KG - 6

  • 5

    Nueva Vista Elementary

    Public | KG - 6

  • 5

    City Terrace Elementary School

    Public | KG - 5

Middle Schools 16
  • 6

    Aspire Pacific Academy

    Public | 6 - 12

  • 6

    Hollenbeck Middle School

    Public | 6 - 8

  • 5

    Magnolia Science Academy Bell

    Public | 6 - 8

  • 5

    Orchard Academies 2B

    Public | 6 - 8

  • 5

    Griffith Middle School

    Public | 6 - 8

  • 4

    Puc Excel Charter Academy

    Public | 6 - 8

  • 4

    Orchard Academies 2c

    Public | 6 - 8

  • 4

    Nimitz Middle School

    Public | 6 - 8

  • 4

    Belvedere Middle School

    Public | 6 - 8

  • 3

    Stevenson Middle School

    Public | 6 - 8

  • 2

    Eastmont Intermediate

    Public | 6 - 8

  • 1

    Henry T. Gage Middle School

    Public | 6 - 8

  • 0

    Aspire Ollin University Preparatory Academy

    Public | 7 - 9

  • 0

    Ramona Opportunity High School

    Public | 7 - 12

  • 0

    Kirby, Dorothy Camp

    Public | 7 - 12

  • 0

    East los Angeles Community Day

    Public | 7 - 12

High Schools 20
  • 9

    Francisco Bravo Medical Magnet High School

    Public | 9 - 12

  • 9

    Alliance Marc & Eva Stern Math and Science

    Public | 9 - 12

  • 9

    Alliance Media Arts and Entertainment Design High School

    Public | 9 - 12

  • 8

    Math, Science, & Technology Magnet Academy at Roosevelt High School

    Public | 9 - 12

  • 8

    Los Angeles High School for the Arts

    Public | 9 - 12

  • 7

    Oscar de la Hoya Animo Charter High School

    Public | 9 - 12

  • 6

    James A. Garfield Senior High School

    Public | 9 - 12

  • 5

    Boyle Heights STEM High School

    Public | 9 - 12

  • 5

    Esteban Torres High School - Engineering & Technology Academy

    Public | 9 - 12

  • 5

    Esteban Torres High School - East Los Angeles Renaissance Academy

    Public | 9 - 12

  • 5

    East Los Angeles Performing Arts Academy at Esteban E. Torres High School

    Public | 9 - 12

  • 4

    Huntington Park High School

    Public | 9 - 12

  • 4

    Maywood Academy

    Public | 9 - 12

  • 4

    Esteban Torres High School - Humanitas Academy of Art & Technology

    Public | 9 - 12

  • 4

    Hilda L. Solis College Prep High School

    Public | 9 - 12

  • 2

    Felicitas & Gonzalo Mendez High School

    Public | 9 - 12

  • 2

    Theodore Roosevelt High School

    Public | 9 - 12

  • 1

    Esteban Torres High School - Social Justice Leadership Academy

    Public | 9 - 12

  • 0

    San Antonio Continuation

    Public | 9 - 12

  • 0

    Bishop Mora Salesian High School

    Private | 9 - 12

School and business data provided by Attom Data.

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Matthew Thornberg

Matthew Thornberg

Team Leader / Realtor | License ID: 02021076

+1(619) 799-9682

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1034 S Herbert Street