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1034 S Herbert Avenue, East Los Angeles, CA 90023
$1,725,000
1034 S Herbert Avenue, East Los Angeles, CA 90023View this property at 1034 S Herbert Avenue, East Los Angeles, CA 90023
1034 S Herbert AvenueEast Los AngelesCA90023
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Property Description
Just Reduced! We are pleased to offer for sale this 7 unit Multi-Family investment in the highly sought after community of East Los Angeles. The subject property was originally constructed in 1992 and is comprised of 4(2bed/2bath) units, 2(2bed/1bath) units, and 1(1bed/1bath) unit. All units are separately metered for electricity and gas while the owner pays for water and trash. Tenants enjoy an onsite laundry facility, onsite car-port parking, and gated private entry. Current rental rates are 40%+/- below market rate and offer a new investor tremendous upside in potential income.
Full Property Details
Full Property Details for 1034 S Herbert Ave
General
- Sold For: $1,725,000
- Status: Closed
- Type: Multi-Family
- MLS ID: CV22112885
- Added to Site: 719 day(s) ago
Rooms
Other Rooms
- Laundry: Community, Inside
Additional Information
- Pool Description: None
Location
- Area: ELA - East Los Angeles
- County: Los Angeles
- Development Name: ELA - East Los Angeles
- Driving Directions: North of I-5, West of I-710; Near Intersection of Whittier Blvd & S Herbert Ave
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 7
- # Electric Meters: 7
Structural Information
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 5,616
- Year Built: 1992
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 2
Unit 2
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 2
Unit 3
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 2
Unit 4
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 2
Unit 5
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 6
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 7
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.272
- Lot Size Source: Assessor
- Zoning: LCR4*
- Lot Description: 6-10 Units/Acre, Lot 10000-19999 Sqft
Financial Considerations
- Price Per Sq. Ft.: $307.16
- Price Per Unit: 250000
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
Listed by Re/Max 2000 Realty, KRISTOPHER GERMAN
Sold by Re/Max 1000 Realty, BENJAMIN LIN
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Schools
Schools serving 1034 S Herbert Ave
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
4112 E Olympic Blvd, Los Angeles, CA 90023 | K-5 | 0.3 mi | |
725 S Indiana St, Los Angeles, CA 90023 | 6-8 | 0.6 mi | |
319 N Humphreys Ave, Los Angeles, CA 90022 | 9-12 | 1.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1034 S Herbert Ave
Date
Details
Price
Change
Source
10/28/2022
Sold
$1,725,000
-1.43%
MLS
8/10/2022
Price Reduced
$1,750,000
-5.41%
MLS
5/26/2022
Listed
$1,850,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1034 S Herbert Avenue, East Los Angeles, CA 90023 (MLS# CV22112885) is a Multi-Family property that was sold at $1,725,000 on October 28, 2022. Want to learn more about 1034 S Herbert Avenue? Do you have questions about finding other Multi-Family real estate for sale in East Los Angeles? You can browse all East Los Angeles real estate or contact a Coldwell Banker agent to request more information.