Los Angeles, CA 90026,143 N Reno ST
Los Angeles, CA 90026,143 N Reno ST
Los Angeles, CA 90026,143 N Reno ST
Los Angeles, CA 90026,143 N Reno ST
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$ 2,400,000
Est. payment | /mo

5,998 Sqft Lot


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$ 2,400,000
Est. payment | /mo
Save

5,998 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW24132888

HOA Y/N No

Year Built 1927

Lot Size 5,998 Sqft

Property Description

On market for the first time in 25 years, this offering is an excellent opportunity to reposition a pride-of-ownership asset and capture 54 percent rental upside.

143 North Reno Street is a well-maintained, Spanish-style 1927 construction with 13 studios and three one-bedroom/one-bath units. The building also offers on-site laundry.

The property’s Westlake location offers easy access to world-class entertainment, dining and retail, and convenient proximity to the 101 Freeway and Downtown Los Angeles. This rental submarket’s strong performance is demonstrated by the new Arancia apartment building, just half a block from the subject property, where studios are achieving rents of up to $2,300 per month and one-bedrooms are achieving $3,050.00 per month.

143 North Reno Street is offered for sale exclusively upon buyer’s use of seller financing; terms to be negotiated.

Location

State CA

County Los Angeles

Area C21 - Silver Lake - Echo Park

Zoning LAR3

Interior

Fireplace No

Laundry Common Area

Exterior

Pool None

Community Features Urban

Private Pool No

Building

Lot Description Rectangular Lot

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5156011003

Acceptable Financing Owner Will Carry

Listing Terms Owner Will Carry

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Steven Bogoyevac • Steven M. Bogoyevac, Broker • steve.bogoyevac@marcusmillichap.com
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+1(909) 334-2049

thomas@thomasryan.realestate

4016 Grand Ave Suite A # 1082, Chino, CA, 91710, United States

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143 N Reno ST