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1034 S Herbert Ave
Los Angeles, CA 90023
Multifamily Property For Sale
·
7 Units
INVESTMENT HIGHLIGHTS
- Built in 1992.
- 5 miles to Monterey Park & Downtown LA, Close to USC Medical Center, Cal State LA,
- below-market rents
- Actual CAP Rate 6.27%, New rent start on 12/1/2025
- Strong rental demand.
- 16 Parking spaces with huge lot
EXECUTIVE SUMMARY
7 Large Units in LA County with Huge Lot Built in 1992. 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.
PROPERTY FACTS
| Price Per Unit | $435,158 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.27 AC |
| Cap Rate | 6.27% | Building Size | 5,616 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1992 |
| Property Subtype | Apartment | Parking Ratio | 2.85/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | LCR4* - Multiple Dwelling | ||
| Price Per Unit | $435,158 CAD |
| Sale Type | Investment |
| Cap Rate | 6.27% |
| Sale Condition | 1031 Exchange |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 5,616 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1992 |
| Parking Ratio | 2.85/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LCR4* - Multiple Dwelling |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Refrigerator
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 3 | $2,859 CAD | - |
| 2+1 | 3 | $2,788 CAD | - |
| 1+1 | 1 | $3,119 CAD | - |
PROPERTY TAXES
| Parcel Number | 5239-018-003 | Improvements Assessment | $1,064,303 CAD |
| Land Assessment | $1,468,004 CAD | Total Assessment | $2,532,308 CAD |
PROPERTY TAXES
Parcel Number
5239-018-003
Land Assessment
$1,468,004 CAD
Improvements Assessment
$1,064,303 CAD
Total Assessment
$2,532,308 CAD
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