$2,400,000 Price Analysis   ♡   Los Angeles, CA 90026 3 bed 16 bath 9,240 SqFt ($259/SqFt) 6,000SqFt lot. Built 1927 Listed 2024-06-29, Taxes $6,611 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
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 als o offers on-site laundry. The propertys Westlake location offers easy access to world-class entertanment, dining and retail and convenient proximity to the 101 Freeway and Downtown Los Angeles.
This rental submarkets strong performance is demonstrated by the new Arancia apartment building, 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 buyers use of seller financing; terms to be negotiated.
Presented by Steven Bogoyevac at
Steven M. Bogoyevac, Broker.
Property MLS #PW24132888 from CRMLS
Lot Size Acres: 0.137741
Lot Size Source: Assessor
Lot Size Square Feet: 6000
Bedrooms in Unit-1: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
County: Los Angeles
Source Property Type: Residential Income
Area: C21 - Silver Lake - Echo Park
Source Neighborhood: C21 - Silver Lake - Echo Park
Number of Separate Electric Meters: 16
Parcel Number: 5156011003
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $274,764 + $168,399 $443,163 | $6,611 |
| 2021 | $269,377 + $165,098 $434,475 | $6,479 |
| 2020 | $266,615 + $163,406 $430,021 | $6,525 |
| 2019 | $261,388 + $160,202 $421,590 | $6,316 |
| 2018 | $256,263 + $157,061 $413,324 | $6,231 |
| 2017 | $251,239 + $153,982 $405,221 | $6,078 |
| 2016 | $246,313 + $150,963 $397,276 | $5,839 |
| 2015 | $242,614 + $148,696 $391,310 | $5,769 |
| 2014 | $237,862 + $145,784 $383,646 | $5,898 |
| 2013 | $236,787 + $145,126 $381,913 | $5,892 |
| 2012 | $232,145 + $142,281 $374,426 | $5,967 |
| 2010 | $227,594 + $139,492 $367,086 | $5,904 |
| 2009 | $226,431 + $138,779 $365,210 | $5,703 |
| 2009 | $225,894 + $138,450 $364,344 | $5,703 |
| 2008 | $221,992 + $136,058 $358,050 | $5,507 |
| 2007 | $217,640 + $133,391 $351,031 | $5,308 |
$2,400,000
CRMLS
Sold 1999-02-05
$300,000
Public Record
Year Built: 1927
Building Features: 1
Common Walls: No Common Walls
Entry Level: 1
Entry Location: 1
Property Age: 97
Building Total Stories: 2
Structure Type: Commercial/Residential
Year Built Source: Assessor
Water Source: Public
Map directions Map directions Map directions Map directions
 |  |  |  |
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.