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Image 1 - 143 N Reno St, Los Angeles, California, 90026 - House for sale

Image 2 - 143 N Reno St, Los Angeles, California, 90026 - House for sale

Image 3 - 143 N Reno St, Los Angeles, California, 90026 - House for sale

N Reno St, Los Angeles, Home For Sale

143 N Reno St, Los Angeles, California, 90026

N Reno St, Los Angeles, Home For Sale

house for sale

Listed: 07/01/24

143 N Reno St, Los Angeles, California, 90026

3 Bed:

16 Bath:

9,240 Sq Ft Living Area:

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Price

$ 2,4M

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About This House

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 propertys 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 submarkets 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, 300per month and one-bedrooms are achieving$3, 050.00per month. 143 North Reno Street is offered for sale exclusively upon buyers use of seller financing; terms to be negotiated.

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Westlake Housing & Living

Household Income

Median household income: $62,474

Number of households: 1,4M

The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.