Map of Property

960-968 Yale Street

960-968 Yale Street, Los Angeles, CA 90012

  • For Sale $1,850,000
  • Property Type Multi-Family
  • Property Size 5,515 SF
  • Units 9
  • Lot Size 0.17 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 19401954
  • Date Updated Mar 11, 2024
Located in Downtown L.A. near the city's civic and cultural center, Chinatown is one of L.A.'s most popular tourist destinations. Chinatown celebrated its grand opening in June 1938 as "New Chinatown" - L.A.'s first Chinatown was razed to make way for Union Station. The first such neighborhood in the U.S. that was owned by Chinese residents, Chinatown is experiencing modernization from trendy new restaurants, art galleries, and Bruce Lee's former studio.Morgan Skenderian Investment Real Estate Group is 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.

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Highlights

  • HIGHLY MOTIVATED SELLER. ALL OFFERS TO BE CONSIDERED AND BEST OFFER TO BE ACCEPTED
  • Tremendous Chinatown Location
  • 9.72 GRM & 6.8% CAP Rate on Current Rents with Massive Upside
  • 14.1% Projected Cash Flow on Market Rents
  • Two Separate Parcels
  • Upgraded Interiors
  • New Roof, Windows, & Exterior Paint

Contacts

broker

Rick Applebaum

Morgan Skenderian Investment Real Estate Group

(949) 432-6954

Location

Getting Around

  • Walk Score ®

    92/100 Walker's Paradise

  • Transit Score ®

    85/100 Excellent Transit

  • Bike Score ®

    55/100 Bikeable
Powered by Walk Score ®
  • City Los Angeles, CA
  • Neighborhood Chinatown
  • Zip Code 90012
  • Market Los Angeles

Points of Interest

  • Chinatown Station

    0.24 miles

  • Chinatown

    0.26 miles

  • Union Station

    0.76 miles

  • Los Angeles Union Station

    0.79 miles

  • Civic Center/Grand Park

    0.84 miles

  • Pershing Square

    1.29 miles

  • Pershing Square

    1.37 miles

  • Lincoln/Cypress

    1.43 miles

  • Pico/Aliso

    1.50 miles

  • 7th Street/Metro Center

    1.67 miles

  • Shell

    0.14 miles

  • Chevron

    0.57 miles

  • 76

    0.67 miles

  • United Oil

    1.07 miles

  • 76

    1.16 miles

  • USA Gasoline

    1.32 miles

  • 76

    1.50 miles

  • USA Gasoline

    1.50 miles

  • Andy's Gas Station

    1.53 miles

  • Chevron

    1.54 miles

  • Bamboo Plaza Parking Lot

    0.13 miles

  • El Pueblo Lot 3

    0.61 miles

  • El Pueblo Lot 2

    0.61 miles

  • Union Station Visitor Lot B

    0.68 miles

  • Union Station Visitor Lot D

    0.72 miles

  • El Pueblo Lot 1

    0.72 miles

  • El Pueblo Lot 4

    0.77 miles

  • LADWP Employee Parking Only

    0.78 miles

  • Division 13 Bus Operations and Maintenance Facility

    0.80 miles

  • El Pueblo Lot 5

    0.81 miles

  • The Royal Pagoda

    0.14 miles

  • Best Western Plus Dragon Gate Inn

    0.23 miles

  • Metro Plaza Hotel

    0.55 miles

  • Super 8 by Wyndham Los Angeles Downtown

    0.81 miles

  • Knights Inn Los Angeles

    0.87 miles

  • Kawada Hotel

    1.08 miles

  • DoubleTree by Hilton Hotel Los Angeles Downtown

    1.13 miles

  • Little Tokyo Hotel

    1.14 miles

  • New Daimaru Hotel

    1.16 miles

  • Miyako Hotel

    1.18 miles

  • Full House Seafood

    0.05 miles

  • Foo Chow

    0.06 miles

  • Full Moon House

    0.07 miles

  • Empress Pavilion

    0.09 miles

  • Hop Louies

    0.10 miles

  • Today Starts Here

    0.10 miles

  • Blossom

    0.10 miles

  • Pearl River Deli

    0.11 miles

  • Burgerlords

    0.13 miles

  • Phoenix Bakery

    0.13 miles

  • Castelar Elementary School

    0.17 miles

  • Cathedral High School

    0.28 miles

  • Evans Community Adult School

    0.45 miles

  • Ann Street Elementary School

    0.49 miles

  • Ramón C. Cortines School of Visual and Performing Arts

    0.56 miles

  • Downtown Magnets High School

    0.71 miles

  • Solano Elementary School

    0.77 miles

  • Edward R. Roybal Learning Center

    0.93 miles

  • Betty Plasencia Elementary School

    0.99 miles

  • Colburn School of Performing Arts

    1.08 miles

  • Gates Early Education Center

    1.98 miles

  • Neighborhood Nursery School

    2.96 miles

  • Komitas

    3.63 miles

  • HIC Daycare

    3.86 miles

  • Ralph M. Parsons Preschool

    4.76 miles

  • Centro de Ninos

    4.85 miles

  • Vine Street Early Education Center

    5.31 miles

  • Vernon Adult Day Program

    6.25 miles

  • Disney Day Care

    7.15 miles

  • Top Kids Pre-School

    7.52 miles

Frequently Asked Questions

What is the lease rate for 960-968 Yale Street?

Rental asking rate at 960-968 Yale Street is $925,000.00/YR.

What is the total square footage of 960-968 Yale Street?

960-968 Yale Street totals 5,515 square feet.

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Contact Listing Broker

broker

Rick Applebaum

Morgan Skenderian Investment Real Estate Group

(949) 432-6954