Active

1034 S Herbert

Los Angeles, CA 90023
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Bed 0

Bed

Bath 0

Bath

SqFt5,616

Sqft

SqFt11,841

Sqft(Lot)

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 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 1 6 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. The seller may carry.

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Detail Ic Property Details

Property Type : Residential Income

Price : $2,100,000

AD Id : 75069423

MLS Id : AR26026771

Lot Size : 11,841 Sqft

Living Area Size : 5,616

Year Built : 1992

County : Los Angeles

  • Map Map

Map

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Feature Features

  • Water/Sewer

    Water Source: Public Sewer: Public Sewer

  • Building Information

    Year Built: 1992 Building Area Total: 5,616
  • Pool Features

    None

    Laundry Features

    Common Area,Inside

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.2718
  • Lot Size Source: Assessor Lot Size Square Feet: 11841

  • Listing Price Information

    Original List Price: 2,100,000 Listing Contract Date: 2026-02-04
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 5239018003

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: 699 - Not Defined Directions: West of 710 Freeway & North of 5 Freeway, Near USC Medical Center, Cal State LA Source Property Type: Residential Income Area: 699 - Not Defined Property SubType: Apartment
  • Building and Construction

    Property Age: 34 Common Walls: 2+ Common Walls Structure Type: Apartment Year Built Source: Public Records Entry Level: 1 Entry Location: Front Property Attached: Yes
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
646 S Record Avenue, Los Angeles, CA, 90023 $799,999 3 1 1,280 1,280 SqFt
601 S Record Avenue, Los Angeles, CA, 90023 $1,100,000 -- -- 2,256 2,256 SqFt
1362 South Downey Road, Los Angeles, CA, 90023 $828,000 4 1 1,427 1,427 SqFt
1059 Record Avenue, Los Angeles, CA, 90023 $699,900 4 2 1,746 1,746 SqFt
803 S Rowan, Los Angeles, CA, 90023 $700,000 3 2 1,369 1,369 SqFt
600 S Ditman Avenue, Los Angeles, CA, 90023 $899,000 4 -- 2,224 2,224 SqFt
1259 S Alma, Los Angeles, CA, 90023 $459,000 2 1 620 620 SqFt
3538 Siskiyou Street, Los Angeles, CA, 90023 $775,000 6 -- 3,202 3,202 SqFt
729 S Bernal, Los Angeles, CA, 90023 $749,000 6 3 2,250 2,250 SqFt
3533 E 8th Street, Los Angeles, CA, 90023 $849,000 3 -- 1,116 1,116 SqFt

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ByOwner last updated this listing 06/09/2026 @ 11:23

MLS: AR26026771 LISTED BY: Benjamin Lin, 1000 Realty Corporation 626-656-8600 SOURCE: CRMLS

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