Property
Listing Agent: Rick Applebaum (DRE #01273871) · Listing Office: Morgan Skenderian · Contact: rma@morganskenderian.com · Bought with: Brian Evans · Real Estate Source, Inc. · MLS #PW24004094 · Source: CRMLS
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.
Listing description from the August 2024 sale, as reported to CRMLS.