143 N Reno St - Apartments FOR SALE


Los Angeles, CA 90026- Rampart Village
$1,995,000 USD
424-405-3826
143 N Reno St, Los Angeles, CA for Sale
$1,995,000 USD
Apartments - FOR SALE
1/4
null | 5.32% Cap Rate

143 N Reno St
Los Angeles, CA 90026
Rampart Village


HIGHLIGHTS

  • Pride-of-ownership 16-unit apartment building in Los Angeles’ popular Westlake neighborhood
  • Opportunity to capture 44 percent rental upside in a consistently strong rental submarket
  • Building offers 13 studios, three one-bedroom units, and on-site laundry

OVERVIEW

Marcus & Millichap is pleased to present to market 143 North Reno Street in Los Angeles’ popular Westlake neighborhood. Under the same ownership for 25 years, this offering is an excellent opportunity to reposition a pride-of-ownership asset and capture 44 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.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$216 USD /SF

# OF UNITS

16

PRICE/UNIT

$124,688

CAP RATE

5.32%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Reno Arms

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1927

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,055 SF

ZONING

R4-2, Los Angeles

APN/PARCEL ID

5156-011-003

ASK ABOUT THIS PROPERTY

Steve BogoyevacMarcus & MillichapMore Info
424-405-3826

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Steve BogoyevacMarcus & MillichapMore Info
424-405-3826

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.