1034 S Herbert, Los Angeles, CA 90023
1034 S Herbert, Los Angeles, CA 90023
1034 S Herbert, Los Angeles, CA 90023
8
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$2,100,000
Est. payment /mo
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8 Beds
7 Baths
0.27 Acres Lot
Active

1034 S Herbert Los Angeles, CA 90023

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Jason Fogelman

Jason Fogelman

+1(858) 204-4262

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR26026771

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 6.6% 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 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. The seller may carry.

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, DRE#01383988 1000 Realty Corporation 

NEARBY SCHOOL & BUSINESS

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Jason Fogelman

Jason Fogelman

Realtor / North County Regional Manager CA DRE#01374456

+1(858) 204-4262

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