729 Yale St Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90012
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,684 sqft
Price per Sqft $297
MLS Listing ID 24-468811
Bedrooms 15
Year Built 1973
Lot Size 9,168 Sqft
Acres 0.2105
Property Description
Prime investment opportunity in the heart of Chinatown! Lot is LAR4 with TOC Tier 3 for high density development! The existing 7-unit apartment building is situated in an unbeatable location, steps away from schools, bus stations, banks, restaurants, grocery stores, and much more. Just minutes from the bustling hub of Downtown Los Angeles, this property offers unparalleled convenience and accessibility. Property under the process of Ellis Act Evictions - completed by early 2025 so you have the option of redeveloping the lot and increase density or keeping the apartment with existing tenants. The apartment is fully occupied with long-term tenants, providing a stable income stream. Current rents are under market value with the opportunity for increased ROI with future adjustments. Property is under RSO currently. Whether you're looking to expand your portfolio or secure a solid income-producing asset, this property is a rare find in one of LA's most sought-after neighborhoods. Don't miss the chance to own a cornerstone of this vibrant and historic community. Please DO NOT DISTURB TENANTS! DRIVE BY ONLY!
Location
State CA
County Los Angeles
Area Silver Lake - Echo Park
Zoning LAR4
Interior
Laundry None
Exterior
Garage Spaces 7.0
Roof Type Flat
Building
Structure Type Stucco
Others
Special Listing Condition Standard