East Los Angeles CA home offered at $1,750,000
Call Lisa DiNoto Group at (909)921-2544 to see this home.
1034
S
Herbert Avenue,
East Los Angeles,
California
CA
90023-2500
Sold For: $1,725,000
Listing ID: CV22112885
Price/SqFt:
$307.16
Status:
Closed
Sold Date:
10/28/2022
SqFt:
5,616
Sq Ft
Acres:
0.272
Acres
Year Built:
1992
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.
Primary Features
County:
Los Angeles
Price Reduction Date:
2022-08-10T23:30:44+00:00
Price/SqFt:
307.16
Property Type:
Residential Income
Year Built:
1992
Zoning:
LCR4*
Interior
Average 1 Bed Area Units:
Square Feet
Average 2 Bed Area Units:
Square Feet
Average 3 Bed Area Units:
Square Feet
Average Studio Area Units:
Square Feet
Building Area Units:
Square Feet
Common Walls:
2+ Common Walls
Laundry:
yes
Laundry Features:
Community, Inside
Levels:
Two
Stories Total:
2
External
Carport Spaces:
8
Lot Features:
6-10 Units/Acre, Lot 10000-19999 Sqft
Lot Size Area:
11847
Lot Size Source:
Assessor
Lot Size Square Feet:
11847
Number Of Buildings:
1
Parking Total:
13
Pool Features:
None
Private Pool:
no
Property Attached:
yes
Sewer:
Public Sewer
Uncovered Spaces:
5
Water Source:
Public
Location
Country:
US
Elevation Units:
Feet
MLS Area Major:
ELA - East Los Angeles
Additional
Additional Parcels:
no
Community Features:
Curbs, Gutters, Sidewalks
Days On Market:
108
List Agent State License:
01800021
List Office State License:
01264629
Lot Size Units:
Square Feet
New Construction:
no
Number Of Separate Electric Meters:
7
Number Of Separate Gas Meters:
7
Number Of Separate Water Meters:
1
Number Of Units Total:
7
Parcel Number:
5239018003
Senior Community:
no
Year Built Source:
Assessor
Financial
Electric Expense:
697
Fuel Expense:
606
Gross Operating Income:
113269
Gross Scheduled Income:
116772
Insurance Expense:
2246
Land Lease:
no
Laundry Income:
1740
Maintenance Expense:
5250
Net Operating Income:
70310
New Taxes Expense:
20309
Operating Expense:
42959
Other Expense:
1050
Other Expense Description:
Reserves
Price Per Unit:
250000
Rent Control:
yes
Special Listing Conditions:
Standard
Tax Census Tract:
5313.01
Tax Lot:
143
Tax Tract Number:
3552
Tenant Pays:
Electricity, Gas
Total Expenses:
42959
Trash Expense:
3677
Vacancy Allowance:
3503
Water Sewer Expense:
9124
Zoning Info
© 2024. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Any correspondence from IDX pages are routed to Realty Masters and Associates or one of their associates. Last updated Thursday, April 18th, 2024.
Based on information from CARETS as of Thursday, April 18th, 2024 01:57:52 PM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Based on information from CARETS as of Thursday, April 18th, 2024 01:57:52 PM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Contact - Listing ID CV22112885
Lisa DiNoto
9483 Haven Ave #100
Rancho Cucamonga, CA 91730
Phone: 9099212544
Data services provided by IDX Broker
