1034 S Herbert, Los Angeles, CA 90023
- $2,100,000
List Agent Benjamin Lin () 1000 Realty Corporation; CoList ()
- List Price
- $2,100,000
- Price Change
- ▼ $110,000 1779443645
- Status
- ACTIVE
- MLS#
- AR26026771
- Year Built
- 1992
- Lot Size
- 11,841
- Lot Location
- 6-10 Units/Acre
- Days on Market
- 177
- Property Type
- Multifamily
- Property Sub Type
- Apartment
Property 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.
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Additional Information
- Pool Description
- None
- Sewer
- Public Sewer
- Water
- Public
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Based on information from CRISNet MLS as of . 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. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.