Apartment Building with 7
For Sale
$2,100,000
1034 S Herbert, Los Angeles, CA 90023
Built in 1992, the seven-unit apartment building includes 16 parking spaces and security cameras.
Property Size5,616 SF
Days on Market262
Property Features for 1034 S Herbert
General Information
Standard status
Active
Size
5,616 SF
Total Parking Spaces
16
Property subtype
Apartment
Additional Details
Cap Rate
6.6%
Highway Access
Yes
Multifamily Units
7
Amenities
security cameras
Building Details
Building Size
5,616 SF
Year Built
1992
Listing Agency:
1000 Realty Corporation
Listed By:
Benjamin Lin · License #01383988
(626) 233-3678
Source:
Velocityrealtysd
Added: Feb 4
Changed: Oct 22
Last Checked: Oct 23 at 2:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of 1000 Realty Corporation
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Los Angeles apartment building, built in 1992, offers seven large units set on a huge lot. The property is presented with actual income and is described as generating a 6.6% cap rate, with rents still below market. The offering also notes an opportunity to increase income through further rent growth, with any potential ADU additions requiring buyer verification with the city. Security cameras are included, and the property provides ample parking with a total of 16 spaces.
Located at 1034 S Herbert, the property is described as convenient to Monterey Park and Downtown LA (about 5 miles), Alhambra (about 7 miles), and South Pasadena (about 8 miles). It is also stated to be close to USC Medical Center and Cal State LA, with proximity to Boyle Heights and local employment hubs. The remarks indicate walking access to shops, schools, and neighborhood dining, and commuter access to major freeways including I-5, I-10, 710, and 60. The seller may carry per the remarks.
Located at 1034 S Herbert, the property is described as convenient to Monterey Park and Downtown LA (about 5 miles), Alhambra (about 7 miles), and South Pasadena (about 8 miles). It is also stated to be close to USC Medical Center and Cal State LA, with proximity to Boyle Heights and local employment hubs. The remarks indicate walking access to shops, schools, and neighborhood dining, and commuter access to major freeways including I-5, I-10, 710, and 60. The seller may carry per the remarks.
Key Highlights
- Seven‑unit apartment building built in 1992 in Los Angeles County
- 16 on‑site parking spaces
- Security cameras on the property
Property Analytics
Lease Details
7
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,001
Businesses Nearby
Explore this area
Business Placement
Demographics for 90023, CA
45,939
Population
12,319
Households
3.7
Avg Household Size
32
Median Age
10%
College-Educated
53%
High-School Grad
4.3 sq mi
ZIP Area
10,683
Density / Sq Mi
$56,623
Median Household Income
$30,967
Median Earnings
$1,414
Median Rent
$617,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Built in 1992, the seven-unit apartment building includes 16 parking spaces and security cameras.
Where is this apartment building located?
The property is located at 1034 S Herbert Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Seven‑unit apartment building built in 1992 in Los Angeles County; 16 on‑site parking spaces; Security cameras on the property
