Property Details
About this Property
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.
MLS Listing Information
MLS #
CRAR25041703
MLS Source
California Regional MLS
Days on Site
25
Interior Features
Appliances
Oven Range - Gas
Flooring
Laminate
Laundry
Community Facility
Cooling
Window/Wall Unit
Heating
Wall Furnace
Exterior Features
Roof
Flat
Foundation
Raised
Parking, School, and Other Information
Garage/Parking
No Parking, Garage: 0 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 16 | – |
School Ratings
Nearby Schools
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
143 N Reno St is a Residential Income in Los Angeles, CA 90026. This – square foot property sits on a 6,000 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,300,000 and was built in 1927. This address can also be written as 143 N Reno St, Los Angeles, CA 90026.
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This listing information is up-to-date as of March 11, 2025. For the most current information, please contact Han Chen, (626) 594-4900
