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1034 S Herbert Street

East Los Angeles, CA 90023
Active
Multifamily
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$2,210,000
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 &… Read MoreRead Less
Property listed by 1000 Realty Corporation, Benjamin Lin 626-233-3678
Listing Snapshot
Days Online
23
Last Updated
Property Type
Apartment
Lot Size
0.27 Acres
Year Built
1992
MLS Number
AR25218001
30 Days Snapshot Of 90023
$458k
-40%
(avg) sold price
4
-20%
homes sold
106
-10%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1992, Building area total: 5,616, 1 building, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore
Community
Curbs, Gutters
Expenses
Electric expense: $960, Fuel expense: $324, Gardener expense: $1,200, Insurance expense: $4,000, Maintenance expense: $1,576, New taxes expense: $25,005, Operating expense: $42,265, Trash expense: $1,200, Water sewer expense: $8,000
Income
Gross income: $180,913, Net operating income: $138,648
Laundry
CommonArea, Inside
Lot
0.272 acres, 11,847 square feet, Size: 11,847, SixToTenUnitsAcre
Parking
8 carport spaces, 8 open parking spaces, 16 totals parking
Pool
None
Sewer
PublicSewer
Tenant Pays
Electricity, Gas
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Joe Villaescusa
CEO
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Schools In The Area

Check out nearby schools with ratings and contact info.
Eastman Elementary 323-269-0456 Public KG-5
Stevenson Middle School 323-780-6400 Public 6-8
James A. Garfield Senior High School 323-981-5500 Public 9-12
Eastman Elementary 323-269-0456 Public KG-5
Eastman Elementary 323-269-0456 Public KG-5
Stevenson Middle School 323-780-6400 Public 6-8
James A. Garfield Senior High School 323-981-5500 Public 9-12
Esteban Torres High School - Humanitas Academy of Art & Technology 323-265-6830 Public 9-12

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Listing Information © California Regional MLS. All Rights Reserved.

Based on information from California Regional Multiple Listing Service, Inc. as of 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 broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.