980 Yale, Los Angeles, California 90012, Los Angeles, 90012 - bed, bath
ACTIVE$2,275,000
980 Yale, Los Angeles, California 90012
0Bed
0Bath
9,772Sqft
7,450Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Location: Situated in the heart of Chinatown, steps from Hill Street, offering unparalleled access to cultural amenities, shops, restaurants, and public transit, with convenient links to Downtown LA, Echo Park, and major freeways.
Top Cons:
Age of Property & Potential for Deferred Maintenance: Built in 1970, the property is over 50 years old, suggesting a high likelihood of requiring significant capital expenditures for system updates (e.g., plumbing, electrical, HVAC) and cosmetic renovations to maximize rental income and tenant appeal.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1970 (55 years old).
Condition: Built in 1970, this property is 54 years old and shows significant signs of age and deferred maintenance. The images reveal severely worn and outdated flooring (e.g., the patterned linoleum in one unit), popcorn ceilings, old wall heaters, and window AC units, indicating a lack of significant renovation for several decades. The visible kitchen appears basic and dated, and the overall condition suggests that all units would require substantial cosmetic and system updates to meet modern tenant expectations and maximize rental upside, as noted in the property analysis. This aligns with the 'poor' condition criteria, requiring substantial repairs and rehabilitation.
Year Built
1970
Close
-
List price
$2.27M
Original List price
$2.27M
Price/Sqft
$233
HOA
-
Days on market
-
Sold On
-
MLS number
DW25250705
Home ConditionPoor
Features
Good View: None
View-
About this home
A rare multi-unit investment opportunity in the heart of Chinatown, just steps from Hill Street. This two-story property features a unique mix of six three-bedroom, two-bath units and four two-bedroom, one-bath units, offering an ideal blend for both investors and owner-users. Positioned within one of Los Angeles’ most culturally vibrant neighborhoods, 980 Yale is within walking distance to Chinatown’s shops, restaurants, and public transit, with convenient access to Downtown Los Angeles, Echo Park, and major freeways. The property presents strong rental upside and stable income potential in a highly desirable and historic location. Rent roll is available in the supplements. Property can also be sold as a portfolio with 978 Chung King Road, Los Angeles, CA, 974 Chung King Road, Los Angeles, CA and 981-983 N Hill Street, Los Angeles CA, please see attached supplements.
Nearby schools
6/10
Castelar Street Elementary School
Public,•K-5•0.2mi
3/10
Ann Street Elementary School
Public,•K-6•0.5mi
7/10
Solano Avenue Elementary School
Public,•K-6•0.7mi
3/10
Albion Street Elementary School
Public,•K-6•1.0mi
4/10
Utah Street Elementary School
Public,•K-8•1.5mi
5/10
Florence Nightingale Middle School
Public,•6-8•1.8mi
3/10
Belmont Senior High School
Public,•9-12•1.5mi
5/10
Abraham Lincoln Senior High School
Public,•9-12•2.0mi
5/10
STEM Academy of Boyle Heights HS
Public,•9-12•2.7mi
Condition Rating
Poor
Built in 1970, this property is 54 years old and shows significant signs of age and deferred maintenance. The images reveal severely worn and outdated flooring (e.g., the patterned linoleum in one unit), popcorn ceilings, old wall heaters, and window AC units, indicating a lack of significant renovation for several decades. The visible kitchen appears basic and dated, and the overall condition suggests that all units would require substantial cosmetic and system updates to meet modern tenant expectations and maximize rental upside, as noted in the property analysis. This aligns with the 'poor' condition criteria, requiring substantial repairs and rehabilitation.
Pros & Cons
Pros
Prime Location: Situated in the heart of Chinatown, steps from Hill Street, offering unparalleled access to cultural amenities, shops, restaurants, and public transit, with convenient links to Downtown LA, Echo Park, and major freeways.
Strong Investment Potential: A rare multi-unit investment opportunity with significant rental upside and stable income potential in a highly desirable and historic location, ideal for both seasoned investors and owner-users.
Diverse Unit Mix: Features a unique and attractive mix of six three-bedroom, two-bath units and four two-bedroom, one-bath units, catering to a broad tenant demographic and enhancing occupancy stability.
Portfolio Acquisition Opportunity: The property can be acquired as part of a larger portfolio with adjacent properties (978 Chung King Road, 974 Chung King Road, and 981-983 N Hill Street), offering scalability for larger investment strategies.
High Demand Area: Located in one of Los Angeles’ most culturally vibrant and historic neighborhoods, ensuring consistent tenant demand and long-term appreciation potential.
Cons
Age of Property & Potential for Deferred Maintenance: Built in 1970, the property is over 50 years old, suggesting a high likelihood of requiring significant capital expenditures for system updates (e.g., plumbing, electrical, HVAC) and cosmetic renovations to maximize rental income and tenant appeal.
Absence of Parking Information: The description does not mention dedicated parking for the 10 units, which could be a significant drawback for tenants in a dense urban area like Chinatown and potentially impact rental desirability and occupancy rates.
Reliance on 'Rental Upside' Implies Current Underperformance: While 'strong rental upside' is highlighted, this often indicates that current rents are below market value, requiring an investor to undertake rent increases or renovations, which entails additional capital investment and active management.