143 N Reno St, Los Angeles, CA 90026
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143 N Reno St Los Angeles, CA 90026

$2,400,000
  • 3 Beds
  • 16 Baths
  • 9,240 Sq.Ft.
For Sale
$2,400,000 Get Pre-Qualified

Map preview of 143 N Reno St, Los Angeles, CA 90026

Property Overview: 143 N Reno St Los Angeles, CA has 3 bedrooms, 16 bathrooms, 9,240 living square feet and 6,000 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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 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. This rental submarket’s 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 $2,300 per month and one-bedrooms are achieving $3,050.00 per month. 143 North Reno Street is offered for sale exclusively upon buyer’s use of seller financing; terms to be negotiated.

Listed by Steven Bogoyevac | BRE #01332755 | Steven M. Bogoyevac, Broker
Co-listed by David O'Keefe | BRE #01928739 | Marcus & Millichap
Last checked: 6 minutes ago | Last updated: June 29th, 2024 | Source CRMLS | DOM: 16
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Home details

Lot Sq. Ft
6,000
HOA Dues
$0/mo
Year built
1927
Garage
--
Property Type:
Mixed Use
Status
Active
MLS#
PW24132888
City
Los Angeles
County
Los Angeles
Time on Site
16 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 16
  • Total # of Buildings: 1
  • # of Electric Meters: 16
  • # of Gas Meters: 0
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,140
  • Total Rent: $3,421
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 2
  • # of Units: 13
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,050
  • Total Rent: $13,646
  • Pro Forma/Market Rent: $1,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $204,804
  • Net Operating Income: $79,020
  • Gross Operating Income: --
  • Laundry Income: $3,562
Annual Expense Breakdown
  • Total Operating Expense: $127,299
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

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Property Details for 143 N Reno St

Interior Features
Laundry Information
  • Has Laundry
  • Community
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 16
  • Parcel Number: 5156011003
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: south of temple north of beverly
Neighborhood Information
  • Community Features: Urban
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Sale History for 143 N Reno St

Last sold on March 19th, 2007
  • June, 2024

  • Jun 28, 2024

    Date

    Active

    CRMLS: PW24132888

    $2,400,000

    Price

  • March, 2007

  • Mar 19, 2007

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • February, 1999

  • Feb 5, 1999

    Date

    Sold (Public Records)

    Public Records

    $300,000

    Price

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Tax History for 143 N Reno St

Assessed Value (2020): $431,421
Year Land Value Improved Value Assessed Value
2020 $163,406 $268,015 $431,421

Home Value Compared to the Market

This property vs the competition

143 N Reno St is listed 100% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $259.74 per/sqft which puts the price per square foot 66.4% lower than the median price per square foot for the city of Los Angeles.

About 143 N Reno St

Detailed summary of property

143 N Reno St is a mixed use located in Los Angeles, CA 90026 and is currently for sale. This mixed use property offers 3 bedrooms, 16 bathrooms, roughly 9,240 living square feet, and sits on an approximately 6,000 square foot lot. 143 N Reno St was first listed on ArdentRealEstateGroup.com on June 29, 2024. The homeowner is currently asking $2,400,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 100% higher than the median priced home. Local competing homes currently for sale include 5871 Pickford St, 4652 Gratian St and 3745 Ocean View Ave. While the average home in Los Angeles, CA is selling in 101 days, 143 N Reno St has a days on market of 16 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2723 of them are single family homes while 1208 of them are condos and 114 are townhomes. For more information on this home for sale at 143 N Reno St Los Angeles, CA 90026 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 143 N Reno St

Public county record property details
Beds
4
Baths
16
Year built
1927
Sq. Ft.
9,240
Lot Size
5,999
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
3
APN
5156-011-003

The source for these homes facts are from public records.

90026 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,199,999
Median List Price/Sq.Ft.
$876
Median Sold Price
$1,796,500
Median Sold Price/Sq.Ft.
$802
Total Inventory
71
Median Sale to List Price %
112.99%
Avg Days on Market
18
Loan Type
Conventional (17.65%), FHA (0%), VA (0%), Cash (11.76%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.