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143 N Reno Street

Los Angeles, CA 90026

$2,400,000

List Price

N/A

bed Beds

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shower Baths

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1927

calendar_month Built

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.

Listing Information

List Price $2,400,000
Status Active
MLS PW24132888
Type Residential Income
Subtype Mixed Use
Year Built 1927
Lot Size 6,000
Structure Size N/A
DOM 46
Courtesy Of Steven M. Bogoyevac, Broker
Listing Agent Steven Bogoyevac DRE#01332755
Co-Listing Agent David O'Keefe DRE#01928739

Interior Features

Laundry Information
Location(s) Common Area
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A

Exterior Information

Maps

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king_bed N/A
shower N/A
straighten N/A
straighten 4,444
230 N Reno Street,

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Listing information courtesy of: Steven Bogoyevac, David O'Keefe, Steven M. Bogoyevac, Broker . *Based on information from the Association of REALTORS/Multiple Listing as of Aug 13th, 2024 at 7:45 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.