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$1,755,000

Beds
Unknown
sq ft
5,515

960 968 Yale St, Los Angeles, CA 90012

960 968 Yale St

Los Angeles, CA 90012

  • 175 days on market
    • Price drop $95,000↓
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.

Details

Property type

Apartment

Lot size

7,259 sq ft

Price per sq ft

$319

Year built

1940

Annual property taxes

$21,562

Price History

06/13/2024
CRMLS

CRMLS #PW24004094

Price change
$1,755,000
-5.14%
05/25/2024
CRMLS

CRMLS #PW24004094

Listed
$1,850,000
05/07/2024
CRMLS

CRMLS #PW24004094

Removed
$1,850,000

Schools & Community

Neighborhood: 

Chinatown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Sidewalks

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Eastern International Bank

Loan start date

January 2019

Original loan amount

$200,000

Est. remaining balance

Not provided

Interest rate

4.07%

Loan type

Commercial, 10 year

Seller

Lorna Wing Yun Lee

Lender

Eastern International Bank

Loan start date

April 2017

Original loan amount

$800,000

Est. remaining balance

Not provided

Interest rate

3.14%

Loan type

Commercial, 10 year

Seller

Lorna Wing Yun Lee

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 07/01/2024 at 9:05 AM

Listing updated: 06/12/2024 at 6:23 PM

Listed by: Rick Applebaum, Morgan Skenderian Phone #: (949) 251-8800

MLS: CRMLS #PW24004094

CRMLS logo

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