Sold for $1,617,000

Listed by: Morgan Skenderian • Rick Applebaum • Contact: 949-251-8800

Bought with: Real Estate Source, Inc.

$1,617,000

960-968 Yale St, Los Angeles, CA 90012

14beds

11baths

5,515sqft

Multi Family

Built in 1940

-- sqft lot

$1,539,400 Zestimate^®

$293/sqft

$2,892 Estimated rent

Home value

$1,539,400

$1.40M - $1.69M

$2,892/mo

Zestimate^® history

Owner options

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$2,892/mo

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$2,892/mo

Rent Zestimate^®

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$10,450/mo

Est. payment

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$10,450/mo

Est. payment

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What's special

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 7.3% cap rate on current numbers, this is one of the best opportunities in the marketplace.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 14
Bathrooms: 11

Appliances

Laundry: Common Area

Features

Has fireplace: No
Fireplace features: None
Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 5,515
Total interior livable area: 5,515 sqft

Property

Parking

Total spaces: 3
Parking features: Assigned
Garage spaces: 3

Features

Levels: Two
Stories: 2
Entry location: 1
Pool features: None

Lot

Size: 7,259 Square Feet

Details

Additional parcels included: 5414006001
Parcel number: 5414006002
Zoning: LAC2
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Condition

New construction: No
Year built: 1940

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Overhead Utilities

Community & HOA

Community

Features: Gutter(s), Sidewalks

Location

Region: Los Angeles

Financial & listing details

Price per square foot: $293/sqft
Annual tax amount: $21,562
Date on market: 1/8/2024
Cumulative days on market: 317 days
Listing terms: Cash,Cash to New Loan,Conventional

Price history

Date	Event	Price
8/7/2024	Sold	$1,617,000-7.9%$293/sqft
Source: CRMLS #PW24004094 Report a problem
7/18/2024	Pending sale	$1,755,000$318/sqft
Source: CRMLS #PW24004094 Report a problem
6/13/2024	Price change	$1,755,000-5.1%$318/sqft
Source: CRMLS #PW24004094 Report a problem
5/25/2024	Listed for sale	$1,850,000$335/sqft
Source: CRMLS #PW24004094 Report a problem