Prevu by reAlpha
BuySellBlogBrowse Listings
placeholder
California>Los Angeles County>East Los Angeles

1034 S HerbertLos Angeles, CA 90023

For Sale

$2,100,000

Smart Buyer Rebate $21,000

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.

Listed by Benjamin Lin

·

License #01383988

·

1000 Realty Corporation

·

626-233-3678

Last updated May 22, 2026

·

Source: CRMLS #AR26026771

Listing Facts

  • TypeMulti-family
  • NeighborhoodEast Los Angeles
  • Days on Prevu132

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

05/22/2026
Price Decreased
$2,100,000
02/04/2026
Listed by 1000 Realty Corporation
$2,210,000

Property Details for 1034 S Herbert

Association

Amenities

  • Community Features: Curbs, Gutter(s)

Exterior

Construction

  • Number Of Units Total: 7
  • Property Attached: Yes
  • Stories Total: 2
  • Year Built: 1992
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Entry Location: Front

Measurements

  • Building Area Total: 5,616
  • Building Area Units: Square Feet
  • Lot Features: 6-10 Units/Acre
  • Lot Size Acres: 0.27
  • Lot Size Area: 11,841
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 11,841
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 6.6
  • Gross Income: $180,913.00
  • Operating Expense: $42,265.00

Taxes

  • Parcel Number: 5239018003

Other

Location

  • Tax Lot: 143

Parking

Parking

  • Carport Spaces: 8
  • Carport: Yes
  • Open Parking Spaces: 8
  • Parking Total: 16

Utilities

Equipment

  • Laundry Features: Common Area, Inside
  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 1034 S Herbert.

Does this multi-family home have parking?

Yes, there are 16 parking spaces available for 1034 S Herbert.

How does 1034 S Herbert compare to other multi-family homes in East Los Angeles?

This multi-family home is listed 100% above the average price for multi-family homes in East Los Angeles and has been on the market for 28 more days than the typical home in this area.

1034 S Herbert is a -bedroom multi-family home for sale in Los Angeles CA 90023. On Prevu for 132 days at $2,100,000. This includes a recent price decrease of $110,000. This home is located in East Los Angeles. The median listing price for multi-family homes in this area is $824,999. Property amenities include parking. Browse more multi-family home listings in Los Angeles County.

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.