$2,100,000
 $11,273 est/mo Sourced by Back At You

1034 S Herbert,Los Angeles, CA 90023

Los Angeles, CA 90023

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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 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.

Details

MLS #AR26026771
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive
Year1992
Days On Site213
Listing Provided By1000 Realty Corporation | Benjamin Lin

Features

SQ Feet5,616
Car PortYes
Story(s)2
Units7
Building(s)1
Acreage0.27

Exterior

Lot FeaturesSix To Ten Units Acre

Parking

Garage Yes / NoNo

Utilities

SewerPublic Sewer

Location

Community FeaturesCurbs, Gutters

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90023
Area699 Not Defined
Listing VS Median (in 90023)
Price:
$2,100,000
low | high
Med:
$750,000
100% of Average
sqft:
5,616
low | high
Med:
1,514
100% of Average
$ / sqft:
$374
low | high
Med:
$495
17.522173995093% of Average
On site:
213
low | high
Med:
1
100% of Average
Sourced by Back At You

Market Activity 90023

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Additional Information

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Contact

Learn More About This Property

Stephen Jacobs

Stephen Jacobs

Desert Lifestyle Properties

00927784Accredited Buyer Representative, Resort Certification, Green Designated (760) 413-0117stephen@withaph.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90023
Area699 Not Defined
Listing VS Median (in 90023)
Price:
$2,100,000
low | high
Med:
$750,000
100% of Average
sqft:
5,616
low | high
Med:
1,514
100% of Average
$ / sqft:
$374
low | high
Med:
$495
17.522173995093% of Average
On site:
213
low | high
Med:
1
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.575M - $2.625M
sqft: 4,000 - 7,000
Nearby Listings Property ImageNearby Listings Details
1033 S Bonnie Beach Place Property Photo 1
$4,500
1033 S Bonnie Beach Place
Los Angeles, CA 90023
Listing Updated: August 21, 2026 at 10:45:34 PM PDT

Stephen Jacobs - Desert Lifestyle Properties