Homes for sale - 143 N Reno ST, Los Angeles, CA 90026

Additional details

JLee Broker

[email protected] +1(650) 857-1000

Listed by Han Chen • Growth Investment Group Pasade

$2,300,000

Est. payment - /mo

6,000 Sqft Lot

Save

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRAR25041703

Year Built 1927

Lot Size 6,000 Sqft

Source California Regional MLS

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.

Location

State CA

County Los Angeles

Area C21 - Silver Lake - Echo Park

Rooms

Kitchen Oven Range - Gas

Interior

Heating Wall Furnace

Cooling Window / Wall Unit

Flooring Laminate

Laundry Laundry Area, Washer/Dryer - Leased, Community Facility

Exterior

Parking Features No Parking

Pool 31, None

View None

Roof Type Flat / Low Pitch

Building

Lot Description Grade - Level

Foundation Raised

Water District - Public

Others

Tax ID 5156011003

Special Listing Condition Not Applicable

Read Less Info

Get More Information

JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

Quick Search

143 N Reno ST Los Angeles, CA 90026

JLee Broker

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Get More Information