230 N Reno Street

Los Angeles , CA 90026

MLS#: 25602049

$1,795,000

Status: Active
Listing number: 25602049
Listing provided by: Remax Commercial and Investment Realty
Listing agent phone: None
Last update: 3 days ago
New on site 4 days ago
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Property

Beds

12

Full Baths

None

1/2 Baths

None

Year Built

1929

Sq.Footage

6,160

We are pleased to present 230 N. Reno Street, a character-rich 10-unit multifamily property located in the heart of Los Angeles. Built in 1929, this beautiful Spanish-style building sits on a desirable corner lot and offers tremendous charm and architectural pedigree rarely available in today's market. The property features an excellent unit mix comprising eight (8) one bedroom, one-bath units and two (2) two-bedroom, one-bath units. The well-laid-out floor plans are flooded with natural light and enhanced by vintage hardwood floors, spacious interiors, and an on-site laundry facility, making it a sought-after living experience for tenants. 230 N. Reno is attractively priced with an in-place CAP rate of 6.02% and a 10.02 GIM, providing investors with strong current returns. There is significant upside potential as average rents of $2.39 per square foot remain well below market, positioning the property to achieve a stabilized market CAP rate of 8.63% and a GRM of 7.98. The surrounding area further enhances the property's appeal. Situated in a vibrant and dynamic neighborhood, residents enjoy immediate access to a wide variety of fine dining, nightlife, and retail establishments. The property's central location offers proximity to Downtown Los Angeles, Echo Park, and Silver Lake, areas known for their eclectic mix of culture, entertainment, and community amenities.

Features & Amenities

Interior

  • Total Bedrooms

    12

  • Bathrooms

    N/A

  • Heating YN

    YES

  • Heating

    Wall Furnace

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    None

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.102

  • Property Type

    Residential Income

Price

  • Sales Price

    $1,795,000

  • Sq. Footage

    6, 160

  • Price/SqFt

    $291

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

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Location

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Los Angeles

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Listing Courtesy of Jonathan Taksa , Remax Commercial and Investment Realty

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We are pleased to present 230 N. Reno Street, a character-rich 10-unit multifamily property located in the heart of Los Angeles. Built in 1929, this beautiful Spanish-style building sits on a desirable corner lot and offers tremendous charm and architectural pedigree rarely available in today's market. The property features an excellent unit mix comprising eight (8) one bedroom, one-bath units and two (2) two-bedroom, one-bath units. The well-laid-out floor plans are flooded with natural light and enhanced by vintage hardwood floors, spacious interiors, and an on-site laundry facility, making it a sought-after living experience for tenants. 230 N. Reno is attractively priced with an in-place CAP rate of 6.02% and a 10.02 GIM, providing investors with strong current returns. There is significant upside potential as average rents of $2.39 per square foot remain well below market, positioning the property to achieve a stabilized market CAP rate of 8.63% and a GRM of 7.98. The surrounding area further enhances the property's appeal. Situated in a vibrant and dynamic neighborhood, residents enjoy immediate access to a wide variety of fine dining, nightlife, and retail establishments. The property's central location offers proximity to Downtown Los Angeles, Echo Park, and Silver Lake, areas known for their eclectic mix of culture, entertainment, and community amenities.

230 N Reno Street

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