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Listed by 1000 Realty Corporation, Benjamin Lin, Listing Contact: [email protected]

$2,100,000

1034 S Herbert, Los Angeles CA, 90023

Price per sqftN/A
Built in1992
Property typeMulti-family

Overview

Active

Listed Feb 4, 2026

Updated 9 days ago

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 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. The seller may carry.

$13,971/mo

Est. mortgage payment based on a $2,100,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
CRAR26026771

Interior Features

Basement
No

Exterior Features

Lot Size
0.27 Acres
MLS provider logo

Listed by 1000 Realty Corporation, Benjamin Lin DRE:01383988,
Listing Contact: [email protected] 

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Data last updated 1:29 PM UTC, 9/28/2026

 

 

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