1034 S Herbert Street, East Los Angeles, CA 90023 (MLS # AR25218001)
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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.
| DAYS ON MARKET | 1 | LAST UPDATED | 9/15/2025 |
|---|---|---|---|
| YEAR BUILT | 1992 | COMMUNITY | ELA - East Los Angeles |
| COUNTY | Los Angeles | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| AREA | ELA - East Los Angeles |
|---|---|
| LOT | 0.272 acre(s) |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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