143 N Reno Street
Los Angeles, CA 90026
- – beds
- – baths
- – sqft
- 6,000 sqft lot
- 1927 build
- – on site
A 16-unit bread-and-butter Value-Add Opportunity in Rampart Village neighborhood. The property has been with the same ownership for more than 25 years. It is located on a side residential street and centrally situated only several blocks south of Silver Lake area and Silver Lake Blvd. Bordering Silver Lake, Echo Park, and Koreatown area, this location provides consistently high demand for apartment units. The offering provides an attractive high CAP Rate with proforma CAP Rate close to 10%. Built in 1927, the property offers large building size totaling ±9,240 SF of square footage on a sizeable ±6,000 SF lot. The property is an easily maintained two-story building, with a good unit mix of four (4) x 1bed+1bath, and twelve (12) large studios. It has an unusually wide hallway area which provides a good common area atmosphere to the building. The building has been well maintained by the current owner with some notable capital improvements in recent years which include electrical panels upgrade, and a foundation strengthening recently. Each unit offers a spacious and functional layout which includes large full kitchens & bathroom (with bathtub) with a large closet space (some are walk-in closets). Some units have been somewhat updated with vinyl wood flooring, and updated kitchen. Studio units are spacious with an estimated size around 400-500 SF each (buyer to verify). Two of the studios are vacant and may be delivered vacant. The property has a basement that is being used as a shared laundry room and master water heater area. Laundry machines are leased. The property has a secure entrance, is master metered for utilities and water, and has a flat roof. Centrally located in Rampart Village area and only blocks away from Silver Lake area and Silver Lake Blvd, this property is adjacent to Echo Park, Koreatown and only minutes away Downtown Los Angeles Financial District, University Park, MacArthur Park, Mid-City, Koreatown, Silver Lake, Echo Park, Central Los Angeles, Melrose Hill, East Hollywood, Historic Filipino town, and Angelino Heights.
Last checked:
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Last updated Feb 25, 2025
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MLS# AR25041703 —
The Building
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Year Built:1927
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:9240.00
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Building Area Units:Square Feet
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Total Number Of Units:16
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# of Buildings:1
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Roof:Flat
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Foundation:Raised
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Stories Total:2
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Entry Level:1
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Common Walls:2+ Common Walls
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Faces:Southeast
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# of Separate Gas Meters:1
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# of Separate Water Meters:1
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# of Separate Electric Meters:1
Interior
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Levels:Two
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Entry Location:1
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Flooring:Carpet, Laminate, Vinyl, Wood
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Fireplace:No
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Fireplace:None
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Laundry:Common Area, Community
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Laundry:1
Financial & Terms
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Disclosures:Principal Is RE Licensed, Rent Control
Location
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Directions:from intersection of Silver Lake Blvd and Beverly Blvd, go south/east on Beverly Blvd and make left turn on Reno St
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Latitude:34.07267400
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Longitude:-118.28080900
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Property Condition:Repairs Cosmetic
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Zoning:LAR3
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Lot Features:Level with Street, Rectangular Lot, Level, Near Public Transit
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Lot Size Area:6000.0000
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Lot Size Acres:0.1377
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Lot Size SqFt:6000.00
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Lot Size Source:Assessor
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View:None
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Security Features:Carbon Monoxide Detector(s), Gated Community, Resident Manager, Smoke Detector(s)
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Road Frontage:City Street
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Road Surface Type:Paved
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:E
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Tax Census Tract:2086.10
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Tax Lot:3
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5156011003
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
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Cooling:Yes
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Cooling:Wall/Window Unit(s)
Utilities
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Utilities:Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
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Sewer:Public Sewer
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Electric:Standard
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Water Source:Public
Appliances
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Appliances:Gas Range
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Included:Yes
The Community
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Neighborhood:Rampart Village
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Features:Urban
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
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Spa Features:None
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Assessments:Yes
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Assessments:Buyer to Verify
Parking
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Parking:No
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Parking:None
Extra Units
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Number With Disposal:16
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/25/25
Feb 25, 2025
|
Listed / Active | CRMLS_CA | $2,300,000 | |
|
6/28/24
Jun 28, 2024
|
Listed / Active | CRMLS_CA |
