New construction
$2,100,000
13 bd · 10 ba · · 11,840 sqft lot
1034 S Herbert Ave, Los Angeles, CA 90023
Multi-family · Built 1992 ·
$12,862/mo est. payment
Flood factor 1/10
About this home
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.
Facts and features
Bedrooms
- Bedrooms: 13
Bathrooms
- Total Bathrooms: 10
- Full Bathrooms: 10
Appliances
- Laundry Features: Inside, Common Area
Land Info
- Additional Parcels: No
- Land Lease: No
- Lot Description: 6-10 Units/Acre
- Lot Size Acres: 0.2718
- Lot Size Source: Assessor
- Lot Size Square Feet: 11841
Garage and Parking
- Carport Spaces: 8
- Parking Total: 16
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
- Gardener Expense: 1200
- Maintenance Expense: 1576
Multi-Unit Info
- Number of Buildings: 1
- Number of Units: 7
- Bedrooms in Unit-1: 2
- Bedrooms in Unit-2: 2
- Bedrooms in Unit-3: 2
- Bedrooms in Unit-4: 2
- Bedrooms in Unit-5: 2
- Bedrooms in Unit-6: 2
Rental Info
- Gross Income: 180913
- Gross Scheduled Income: 180913
- Rent Control: Yes
Schools
- 7
Eastman Avenue Elementary School
elementary · K-5 · 0.3 mi
- 3
Robert Louis Stevenson Middle School
middle · 6-8 · 0.6 mi
- 6
Boyle Heights Hilda Solis High
high · 9-12 · 1.4 mi
Cristo Viene Christian School
elementary · K-12 · 0.8 mi
- 6
KIPP Academy Of Innovation
elementary · 5-8 · 0.2 mi
Amanecer Primary Center
elementary · K-2 · 0.2 mi
Price history
- May 22, 2026 · Price Changed$2,100,000
- Feb 5, 2026 · Listed$2,210,000
- Feb 2, 2026 · Listing Removed—
- Sep 16, 2025 · Listed$2,210,000
- Oct 28, 2022 · Sold$1,725,000
- May 1, 2017 · Sold$1,275,000
- Apr 1, 2014 · Listing Removed$1,050,000
- Feb 18, 2014 · Listing Removed$1,050,000
Tax history
- 2025$25,714 tax · $1,830,583 assessed
- 2024$25,005 tax · $1,794,690 assessed
- 2023$24,355 tax · $1,725,000 assessed
- 2022$19,860 tax · $1,394,396 assessed
- 2021$19,634 tax · $1,367,056 assessed
- 2020$19,775 tax · $1,353,040 assessed
- 2019$19,078 tax · $1,326,510 assessed
- 2018$18,735 tax · $1,300,500 assessed
Home value
$1,892,184
- Quantarium$1,892,184
- Collateral Analytics$840,000
Where it is
Listed by BENJAMIN LIN · 1000 Realty · CRMLS
