800 Yale Street

    Los Angeles (City), CA 90012
    • $3,988,000
    • STATUS: Active
    • ON SITE: 184 days
    • ID#: WS19054539
    UPDATED: 75 min ago
    $3,988,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,540
      SQFT
    • $378
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1962
    County:

    School Ratings & Info

    Description

    Mixed-use property located at a prime location in Los Angeles; Chinatown, Los Angeles, at the corner of Alpine St. and Yale St. There are 4 retail-commercial units on the first level and 7 residential units on the second level. All residential tenants are currently under market rent. Possibility to operate a business and live in one of the units above. Perfect investment property for owner-user in Chinatown! This property is also zoned for mixed use and multi-dwelling. Tax record shows property building sqft to be 10,540. Below market rents with good upside potential. Restaurant is on month to month, possible to expand restaurant usage with unit next door. Walk Score 95.This building is located on the northeast corner of Yale Street and Alpine Street, adjacent to Castelar Elementary School and a Chinese Consolidated School. There's also a popular Active/Rec Center located directly across the street from the property. Conveniently located next to the 110 freeway, 5 minutes. Proforma net income $228,480.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-20T10:43:25.54. 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 deemed reliable but is not guaranteed accurate by the MLS or Mainstreet Realtors®. Licensed in the State of California, USA.
    www.mainstreetgroup.com/homes/92847870

    800 Yale Street Los Angeles (City), CA 90012

    • Price: $3,988,000
    • Status: Active
    • Updated: 75 min ago
    • ID#: WS19054539
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    10,540
    SQFT
    $378
    $/SQFT
    1962
    Built
    Neighborhood:
    Chna - Chinatown
    County:
    Los Angeles
    Area:
    Chna - Chinatown
    Property Description
    Mixed-use property located at a prime location in Los Angeles; Chinatown, Los Angeles, at the corner of Alpine St. and Yale St. There are 4 retail-commercial units on the first level and 7 residential units on the second level. All residential tenants are currently under market rent. Possibility to operate a business and live in one of the units above. Perfect investment property for owner-user in Chinatown! This property is also zoned for mixed use and multi-dwelling. Tax record shows property building sqft to be 10,540. Below market rents with good upside potential. Restaurant is on month to month, possible to expand restaurant usage with unit next door. Walk Score 95.This building is located on the northeast corner of Yale Street and Alpine Street, adjacent to Castelar Elementary School and a Chinese Consolidated School. There's also a popular Active/Rec Center located directly across the street from the property. Conveniently located next to the 110 freeway, 5 minutes. Proforma net income $228,480.
    Exterior Features

    Lot Features Walkstreet Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features Community

    Property Features

    Additional Parcels YN No Asset Class Multi-FamilyRetail Building Area Units Square Feet Building Status Existing Country Us Gross Scheduled Income 279600.00 Land Lease YN No Laundry YN Yes Leasable Area Units Square Feet Lease Considered YN Yes Max Total Area Units Square Feet Min Total Area Units Square Feet Number Of Units Leased 10 Property Sub Type Mixed Use Special Listing Conditions Standard Water Source Public

    Listing provided courtesy of John Man of Man Investment Group and Jonathan Hua of Manrealty.Com


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-20T10:43:25.54. 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 deemed reliable but is not guaranteed accurate by the MLS or Mainstreet Realtors®. Licensed in the State of California, USA.
     
    Mainstreet Realtors®
    8577 Haven Ave, Suite 100
    Rancho Cucamonga CA, 91730