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Los Angeles, CA 90012 960 968 Yale Street

$1,850,000

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Presented By: Rick Applebaum with Morgan Skenderian; rma@morganskenderian.com
  • MLS# PW24004094
  • 01/08/2024
  • Request Tour
  • Request Info
  • BedBeds • 3
  • BathBaths • 1
  • FootageSQFT • 5,515
  • GarageGarage • 3

Home Details

Pleased to present 960-968 Yale Street, a well-maintained nine-unit apartment building located in Los Angeles (Chinatown). This opportunity, which is situated over two separate parcels, is comprised of (3) bachelor units, (3) one-bedroom/one-bathroom single-story units, (1) three-bedroom/one-bath single-story unit, and (2) four-bedroom/two bathroom units. Throughout the years, current ownership has upgraded all of the interiors and the exterior including new roof(s), new windows, new exterior paint, upgraded kitchens and bathrooms, and new flooring. Priced at a 6.8% cap rate on current numbers, this is one of the best opportunities in the marketplace.
Presented By: Rick Applebaum with Morgan Skenderian; rma@morganskenderian.com

Interior Features for 960 968 Yale Street

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Street SuffixStreet
Total Stories2

Other Rooms

Entry Level1

General for 960 968 Yale Street

Additional Parcels Description5414006001
Additional Parcels Y/NYes
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate6.8
Carport Y/NNo
CityLos Angeles
Community FeaturesGutters, Sidewalks
CountyLos Angeles
Days on Market112
DirectionsYale Street and W College Street are the cross streets.
Electric Expense4202.0
Entry Location1
Fuel Expense4202.0
Garage Spaces3.0
Garage Y/NYes
Gross Income8376.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense3411.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashtoNewLoan, Conventional, Item1031Exchange
Lot Size Square Feet7259.0
MLS AreaCHNA - Chinatown
MaintenanceExpense9234.0
MobileHomeRemainsYNNo
Net Operating Income126418.0
New ConstructionNo
Operating Expense58262.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NameYale
Tax Annual Amount21562.0
Tax Lot2
Taxes$21,562
Total Units9
Trash Expense4202.0
UtilitiesOverheadUtilities
View Y/NNo
Water Sewer Expense4202.0
Waterfront Y/NNo
Year Built1940
Year Built SourceAssessor
ZoningLAC2

Exterior for 960 968 Yale Street

Building Area Total5515.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1666
Lot Size Area7259.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings2
Number of Separate Electric Meters10
Number of Separate Gas Meters10
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesAssigned
SpaNo
Total Parking3.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,850,000
MLS#PW24004094
List Date 01/08/2024
Property Type Multi-Family
Phone 714.964.3311
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*According to the National Association of Realtors