CA > Los Angeles
Los Angeles, CA 90026,143 N Reno Street
Los Angeles, CA 90026,143 N Reno Street
Los Angeles, CA 90026,143 N Reno Street
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$2,300,000
Est. payment /mo
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1 Bed
2 Baths
Active

143 N Reno Street Los Angeles, CA 90026

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Richard Combs

Richard Combs

+1(619) 838-9307

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR25041703

Bedrooms 1

Property Sub-Type Res Income 2-4 Units

Property Description

A 16-unit bread-and-butter Value-Add Opportunity in Rampart Village neighborhood. The property has been with the same ownership for more than 25 years. It is located on a side residential street and centrally situated only several blocks south of Silver Lake area and Silver Lake Blvd. Bordering Silver Lake, Echo Park, and Koreatown area, this location provides consistently high demand for apartment units. The offering provides an attractive high CAP Rate with proforma CAP Rate close to 10%. Built in 1927, the property offers large building size totaling 9,240 SF of square footage on a sizeable 6,000 SF lot. The property is an easily maintained two-story building, with a good unit mix of four (4) x 1bed+1bath, and twelve (12) large studios. It has an unusually wide hallway area which provides a good common area atmosphere to the building. The building has been well maintained by the current owner with some notable capital improvements in recent years which include electrical panels upgrade, and a foundation strengthening recently. Each unit offers a spacious and functional layout which includes large full kitchens & bathroom (with bathtub) with a large closet space (some are walk-in closets). Some units have been somewhat updated with vinyl wood flooring, and updated kitchen. Studio units are spacious with an estimated size around 400-500 SF each (buyer to verify). Two of the studios are vacant and may be delivered vacant. The property has a basement that is being used as a shared laundry room and master water heater area. Laundry machines are leased. The property has a secu

Location

State CA

County Los Angeles

Zoning Assessor

Direction from intersection of Silver Lake Blvd and Beverly Blvd, go south/east on Beverly Blvd and make left turn on Reno St

Interior

Cooling Wall/Window

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 5156011003

MLS Router / San Diego MLS
Listed by Han Chen Growth Investment Group Pasade

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agent

Richard Combs

Broker | License ID: 01526804

+1(619) 838-9307

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143 N Reno Street

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