$2,400,000
143 N Reno Street Los Angeles, CA 90026
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$2,400,000
Est. payment /mo
9,240 SqFt
Active
143 N Reno Street Los Angeles, CA 90026
UPDATED:
06/29/2024 05:02 AM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 9,240 sqft
Price per Sqft $259
MLS Listing ID CRPW24132888
HOA Y/N No
Year Built 1927
Lot Size 6,000 Sqft
Acres 0.14
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 Listing
Zoning LAR3
Interior
Fireplace No
Laundry Community Facility
Building
Lot Description Other
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 5156011003
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Steven Bogoyevac • Steven M. Bogoyevac, Broker
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