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CA
Los Angeles
Los Angeles
90057
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CA
Los Angeles
Los Angeles
90057

245 S Reno Street

Los Angeles, CA, 90057
ACTIVE
$12,870,000Price
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245 S Reno Street, Los Angeles, CA, 90057
245 S Reno Street, Los Angeles, CA, 90057
245 S Reno Street, Los Angeles, CA, 90057
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245 S Reno Street

Los Angeles, CA, 90057
ACTIVE
$12,870,000Price
Unsave
Save
245 S Reno Street, Los Angeles, CA, 90057
245 S Reno Street, Los Angeles, CA, 90057
245 S Reno Street, Los Angeles, CA, 90057
245 S Reno Street, Los Angeles, CA, 90057
245 S Reno Street, Los Angeles, CA, 90057
245 S Reno Street, Los Angeles, CA, 90057
245 S Reno Street, Los Angeles, CA, 90057
245 S Reno Street, Los Angeles, CA, 90057
245 S Reno Street, Los Angeles, CA, 90057
245 S Reno Street, Los Angeles, CA, 90057
245 S Reno Street, Los Angeles, CA, 90057
245 S Reno Street, Los Angeles, CA, 90057

Description

The Reno Terrace Apartments are a 66-unit property positioned between Koreatown, Silver Lake, and MacArthur Park, with terrific access to Downtown and the rest of Los Angeles! It is rare to find an asset of this size and vintage for the area. This investment is priced at a current 5.61% Cap Rate and 11.03 GRM, with projected rental upside of about 20% for a new owner! The 66 units are comprised of nearly all Studio units and (1) 1 Bed / 1 Bath (with den) unit. The building has a pool in the central courtyard as well as parking for 33 cars. Units include gas stoves and heaters (master metered for all utilities) and all units have patios for tenants to enjoy. Soft-story seismic retrofit work has also been finished. With a walk score of 89, the property is surrounded by terrific amenities, allowing tenants to accomplish most errands and daily tasks on foot, cutting down on the need for parking. Transit options are also exceptional, with terrific access to bus stops and metro rail lines.

Information

Price: $12,870,000
Days On Market: 33
Year Build: 1964

Details

Address: 245 S Reno Street
County: Los Angeles
City: Los Angeles
Zip: 90057
State: California

Location

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The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved. Updated: 17th June, 2024 6:38 PM (UTC)
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