729 Yale St, Los Angeles, CA 90012 – 24-468811 - Chan Wathen

$2,288,000

Est. payment - /mo

Save

15 BD

9 BA

7,684 SqFt

Active

729 Yale St Los Angeles, CA 90012

Save

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Sat

Dec

Sun

Dec

Mon

Dec

Chan Wathen

[email protected] +1(702) 461-7869

UPDATED:

12/03/2024 11:28 PM

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

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Coldwell Banker Exclusive

GET MORE INFORMATION

Chan Wathen

REALTOR ® | RE.NV Lic.# S.59111

+1(702) 461-7869

729 Yale St Los Angeles, CA 90012

Chan Wathen

Key Details

Location

Interior

Exterior

Building

Others

GET MORE INFORMATION

Go tour this home

729 Yale St