$2,100,000
-$110,0001034 S Herbert, Los Angeles CA 90023
Multi-Family (7 Units)
Property type
120 days
On market
$374
Price per sqft
0 cars
Garage
1992
Year built
11,841 sqft
Lot size
Open Houses
Overview
7 Large Units in LA county with Huge Lot Built in 1992. Great actual income with 6.6% 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...
Listing provided by: Benjamin Lin DRE #01383988, 1000 Realty Corporation
Listing updated: May 22, 2026 at 04:47am.
Last checked: Jun 5, 2026 at 08:30am
Source: CRMLS #AR26026771
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 2 | — | $2,270 | $2,270 | $2,850 | Unfurnished |
| 1 | 2 | 2 | — | $1,814 | $1,814 | $2,850 | Unfurnished |
| 1 | 2 | 2 | — | $2,334 | $2,334 | $2,850 | Unfurnished |
| 1 | 2 | 1 | — | $2,035 | $2,035 | $2,750 | Unfurnished |
| 1 | 2 | 1 | — | $1,711 | $1,711 | $2,750 | Unfurnished |
| 1 | 2 | 1 | — | $2,334 | $2,334 | $2,750 | Unfurnished |
| 1 | 1 | 1 | — | $2,263 | $2,263 | $2,350 | Unfurnished |
# of Buildings: 1
# of Units Total: 7
Separate Electric Meters: 8
Separate Gas Meters: 8
Separate Water Meters: 1
Rent Control: Yes
Financial Snapshot
Gross Rent Multiplier
11.6x
List Price / Annual Gross Rent
Cap Rate
6.6%
NOI / List Price
Gross Scheduled Income: $180,913
Operating Expense: $42,265
Net Operating Income: $138,648
Annual Operating Expenses
Electric: $960
Gardener: $1,200
Fuel: $324
Insurance: $4,000
Maintenance: $1,576
New Taxes: $25,005
Professional Management: $0
Trash: $1,200
Water / Sewer: $8,000
Interior
Laundry: Common Area, Inside
Entry Location: Front
Exterior
Property Attached: Yes
Stories Total: 2
Common Walls: Two Common Walls Or More
Lot Features: Six To Ten Units Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 0
Uncovered Spaces: 8
Carport Spaces: 8
Parking Total: 16
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 5239018003
Additional Parcels: No
Tax Lot: 143
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Curbs, Gutters
Nearby Schools
Nearby schools around the 1034 S Herbert, Los Angeles, CA 90023. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,680,000
Total Interest
$2,142,747
Total Payment
$3,822,747
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$12,956
per month
Property History for 1034 S Herbert
Los Angeles Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90023.
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