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$2,210,000

  • For Sale
  • Active
  • Multi-Family
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7 Large Units in LA county with Huge Lot Built in 1992. Great actual income with 6.27% 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.

Full Property Details for 1034 S Herbert

General

  • Price: $2,210,000
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: AR26026771
  • Updated: 2/5/2026
  • Days on Market: 22 days
  • Added to Site: 21 day(s) ago

Rooms

Other Rooms

  • Laundry: Common Area, Inside

Additional Information

  • Pool Description: None

Location

  • Area: 699 - Not Defined
  • County: Los Angeles
  • Development Name: 699 - Not Defined
  • Driving Directions: West of 710 Freeway & North of 5 Freeway, Near USC Medical Center, Cal State LA

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 8
  • # Electric Meters: 8

Structural Information

  • Entry Location: Front
  • 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: 1
  • 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): 0.2718
  • Lot Size (Sq. Ft.): 11,841
  • Lot Size Source: Assessor
  • Lot Description: 6-10 Units/Acre

Financial Considerations

  • Price Per Sq. Ft.: $393.52
  • Price Per Unit: 315714

Listed by 1000 Realty Corporation, Benjamin Lin

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Listing agent

— 1034 S Herbert —

  • Benjamin Lin

    1000 Realty Corporation

626-233-3678

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1034 S Herbert

School District:Los Angeles Unified School District
NameGradesDistance
Eastman Avenue Elementary School
4112 East Olympic Boulevard, Los Angeles, CA 90023
K-50.3 mi
Robert Louis Stevenson Middle School
725 South Indiana Street, Los Angeles, CA 90023
6-80.6 mi
Engineering And Technology Academy At Esteban E. Torres High No. 3
4211 Dozier Street, Los Angeles, CA 90063
9-121.4 mi
East Los Angeles Renaissance Academy At Esteban E. Torres High No. 2
4211 Dozier Street, Los Angeles, CA 90063
9-121.4 mi
Humanitas Academy Of Art And Technology At Esteban E. Torres High No. 4
4211 Dozier Street, Los Angeles, CA 90063
9-121.4 mi
Social Justice Leadership Academy At Esteban E. Torres High No. 5
4211 Dozier Street, Los Angeles, CA 90063
9-121.4 mi
Hilda L. Solis Learning Academy School Of Technology, Business And Education
319 North Humphreys Avenue, Los Angeles, CA 90022
9-121.4 mi
James A. Garfield Senior High School
5101 E. Sixth St., Los Angeles, CA 90022
9-121.5 mi
Disclaimer: 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 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/04/2026
Listed
$2,210,000
28.12%
MLS
10/27/2022
Sold
$1,725,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1034 S Herbert

Year
Property Taxes
Change
Tax Assessment
Change
2025
$25,715
6%
$1,795,490
4%
2023
$24,356
23%
$1,725,800
24%
2022
$19,861
1%
$1,395,196
2%
2021
$19,635
-1%
$1,367,856
1%
2020
$19,776
4%
$1,353,840
2%
2019
$19,079
2%
$1,326,510
2%
2018
$18,736
40%
$1,300,500
53%
2017
$13,388
2%
$851,415
2%
2016
$13,077
1%
$834,721
2%
2015
$12,895
—
$822,183
2%
2014
$12,914
1%
$806,078
—
2013
$12,845
—
$802,436
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by 1000 Realty Corporation, Benjamin Lin

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1034 S Herbert, Los Angeles, CA 90023 (MLS# AR26026771) is a Multi-Family property with 7 units containing 0 bedrooms and 0 full bathrooms. 1034 S Herbert is currently listed for $2,210,000 and was received on February 04, 2026. Want to learn more about 1034 S Herbert? Do you have questions about finding other Multi-Family real estate for sale in Los Angeles? You can browse all Los Angeles real estate or contact a Coldwell Banker agent to request more information.

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