960 968 Yale Street Los Angeles, CA ^$ 1,850,000

960 968 Yale Street

^$ 1,850,000

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960 968 Yale Street

Los Angeles, CA, 90012

^$ 1,850,000

Bedrooms3 Baths1.0 Sq 5,515

Monthly Estimate*

^$ 12,923

Listed by Morgan Skenderian

960 968 Yale Street, Los Angeles, CA 90012 - Image 1

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960 968 Yale Street, Los Angeles, CA 90012 - Image 3

960 968 Yale Street, Los Angeles, CA 90012 - Image 4

960 968 Yale Street, Los Angeles, CA 90012 - Image 5

960 968 Yale Street, Los Angeles, CA 90012 - Image 6

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960 968 Yale Street, Los Angeles, CA 90012 - Image 9

960 968 Yale Street, Los Angeles, CA 90012 - Image 10

960 968 Yale Street, Los Angeles, CA 90012 - Image 11

Multi-Family Home for sale in Los Angeles, CA

for $1,850,000 with 3 bedrooms and 1 full bath. This 5,515 square foot home was built in 1940 on a lot size of 0.1666.

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.

Multi-Family Active

Price

^$ 1,850,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 21,562

Style

Apartment

Lot Size

0.1666

Year Built

1940

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

PW24004094

Days on Market

118

Features

General

Sewer PublicSewer

Utilities OverheadUtilities

Zoning LAC2

Garage Spaces 3.0

Pool Features None

Year Built 1940

Stories 2

Levels Two

Property SubType Apartment

Gross Income 8376.0

Community Features Gutters Sidewalks

Additional Parcels Description 5414006001

County Los Angeles

Net Operating Income 126418.0

Operating Expense 58262.0

Insurance Expense 3411.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N Y

Special Listing Conditions Standard

Status Active

Directions Yale Street and W College Street are the cross streets.

City Los Angeles

Entry Location 1

View Y/N N

Senior Community Y/N N

Total Units 9

MLS Area CHNA - Chinatown

Lot Size Square Feet 7259.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Yale

Listing Terms Cash CashtoNewLoan Conventional Item1031Exchange

Property Attached Y/N Y

Land Lease Y/N N

Tax Annual Amount 21562.0

Electric Expense 4202.0

Home Warranty Y/N N

Fuel Expense 4202.0

Trash Expense 4202.0

Water Sewer Expense 4202.0

Lease Renewal Y/N N

Additional Parcels Y/N Y

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 112

Building Area Units SquareFeet

Standard Status Active

Year Built Source Assessor

Tax Lot 2

Property Sub Type Additional Apartment

Taxes 21562.0

Cap Rate 6.8

Exterior

Parking Features Assigned

Water Source Public

Total Parking 3.0

Lot Size Area 7259.0

Number of Buildings 2

Spa N

Building Area Total 5515.0

Lot Size Acres 0.1666

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 10

Number of Separate Electric Meters 10

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Fireplace Features None

Total Stories 2

Common Walls Item2CommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Street

Laundry Features CommonArea

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 960

* Excluded Features

List By

Morgan Skenderian

Broker

(949) 251-8800

Phone

Affordability Calculator

$14,720

Per Month

Monthly Principal & Interest: $12,923
Monthly Property Taxes: $1,797
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,993,562

Percent of Sale Price 8%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/15/2024	$1,850,000	-2.58%	Price Down
2/2/2024	$1,899,000	-4.48%	Price Down
1/10/2024	$1,988,000		Listed Price

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960 968 Yale Street, Los Angeles, CA, 90012 is a Multi-Family Home for sale at $1,850,000 with 5,515 sqft and a lot size of 0.1666. 960 968 Yale Street has 3 bedrooms, 1.0 baths, and was built in 1940. The property's zip code is 90012 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/5/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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960 968 Yale Street

Multi-Family Home for sale in Los Angeles, CA

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