Bought with BENJAMIN LIN • RE/MAX 1000 REALTY
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1034 S Herbert AVE East Los Angeles, CA 90023
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Key Details
Sold Price $1,725,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRCV22112885
Sold Date 10/28/22
Year Built 1992
Lot Size 0.272 Acres
Source California Regional MLS
Property Description
Just Reduced! We are pleased to offer for sale this 7 unit Multi-Family investment in the highly sought after community of East Los Angeles. The subject property was originally constructed in 1992 and is comprised of 4(2bed/2bath) units, 2(2bed/1bath) units, and 1(1bed/1bath) unit. All units are separately metered for electricity and gas while the owner pays for water and trash. Tenants enjoy an onsite laundry facility, onsite car-port parking, and gated private entry. Current rental rates are 40%+/- below market rate and offer a new investor tremendous upside in potential income.
Location
State CA
County Los Angeles
Area Ela - East Los Angeles
Interior
Laundry Community Facility, Other
Exterior
Garage Spaces 13.0
Pool None
Building
Water District - Public
Others
Tax ID 5239018003
Special Listing Condition Not Applicable
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