1034 S Herbert Street, East Los Angeles, CA 90023

• 5,616 sqft

Property Description

7 Large Units with Huge Lot Built in 1992. No local rent control! Great actual income with 6.27% CAP rate. New rent start on 12/1/25. 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.

Listing Status:

Active

Date Added:

September 15, 2025 at 05:00AM

Listing Office:

1000 Realty Corporation : 626-656-8600

Listing Agent:

Benjamin Lin : 626-233-3678

MLS ID:

CRAR25218001

Interior

• Laundry: OtherInside

Location

• HOA Amenities: 0.0
• County: Los Angeles

Lot

• Zoning: 5239018003

This listing courtesy of Benjamin Lin, 1000 Realty Corporation