1034 S Herbert Ave, Los Angeles, CA, 90023
About This Home
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.
Getting Around
Very Walkable
Good Transit
BikeableSchools
Construction
Condition
- Year built: 1992
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Laundry features: Common Area,Inside
Bedrooms & Bathrooms
- Bedrooms: 13
- Bathrooms: 10
Features
- Common walls with other units/homes: 2+ Common Walls
Interior Area
- Total structure area: 5,616
- Total interior livable area: 5,616 sqft
Property
Details
- Parcel number: 5239018003
- Attached to another structure: Yes
- Special condition: Standard
Features
- Entry location: Front
- Pool features: None
Lot
- Lot size: 0.27 Acres
- Features: 6-10 Units/Acre
Parking
- Total spaces: 16
- Parking features: Carport
- Covered spaces: 8
- Uncovered spaces: 8
- Carport: Yes
- Carport spaces: 8
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Los Angeles County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $10,618 | $127,416 |
| Home Insurance * | $372 | $4,464 |
| Property Taxes | $1,172 | $14,064 |
| Electricity | $1,204 | $14,451 |
| Total | $13,366 | $160,392 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-02-05 | Price change | $2,210,000 |
| 2022-10-03 | Pending sale | $1,750,000 |
| 2022-08-10 | Listed for sale | $1,750,000 |
| 2014-02-17 | Listing removed | $1,050,000 |
| 2014-01-18 | Listed for sale | $1,050,000 |
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