East Los Angeles, CA 90023,1034 S Herbert AVE
East Los Angeles, CA 90023,1034 S Herbert AVE
East Los Angeles, CA 90023,1034 S Herbert AVE
12
Listed by KRISTOPHER GERMAN • RE/MAX 2000 REALTY
Bought with BENJAMIN LIN • RE/MAX 1000 REALTY
$1,725,000
$1,750,000
1.4%
Est.Price: ?

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0.27 Acres Lot

1034 S Herbert AVE East Los Angeles, CA 90023

Est. payment /mo
SOLD DATE : 10/28/2022

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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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Paul Locatelli

Paul Locatelli

Broker Associate | License ID: 1348436

+1(831) 750-9795

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