1034 Herbert Avenue, East Los Angeles, CA 90023

$1,725,000
Sold Price
$1,725,000
List Price
$1,850,000
Closing Date
Oct 28, 2022
MLS#
CV22112885
Status
SOLD
Type
Multifamily

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.

Mortgage Calculator

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Calculator source: Real Geeks

Courtesy of RE/MAX 2000 REALTY, KRISTOPHER GERMAN. Selling Office: RE/MAX 1000 REALTY.