Property Details
About this Property
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.
MLS Listing Information
MLS #
CRAR25218001
MLS Source
California Regional MLS
Days on Site
3
Interior Features
Appliances
Other
Parking, School, and Other Information
Garage/Parking
Garage: 0 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1034 S Herbert St is a Residential Income in East Los Angeles, CA 90023. This – square foot property sits on a 11,847 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,210,000 and was built in 1992. This address can also be written as 1034 S Herbert St, East Los Angeles, CA 90023.
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This listing information is up-to-date as of September 16, 2025. For the most current information, please contact Benjamin Lin
