143 N Reno ST Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90026
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW24132888
Originating Board California Regional MLS
Year Built 1927
Lot Size 6,000 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
Interior
Laundry Community Facility
Exterior
Pool None
Building
Water District - Public
Others
Tax ID 5156011003
Special Listing Condition Not Applicable