245 S Reno Street Los Angeles, CA 90057
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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site13 Days
- MLS StatusActive
- MLS ID NumberSB24098260
- Home Size Source N/A
- Year Built1964
- Lot Size0.4385 Acres
- Full BathsN/A
- Partial BathsN/A
Sell your house quickly!
Get multiple potential cash offers for your home. Fast and hassle-free!
Learn MoreRecent Activity For 245 S Reno Street Los Angeles, CA 90057
| 3 days ago | |
| 2 weeks ago |
Don't miss a thing!
Get updates on new activity for this listing
General Features
- Parking Spaces 33
- Sewer Public Sewer
- Number of Stories 22
- Acreage 0.4385
- Water Public
- Property Sub Type Apartment
- Garage Spaces 33
- Zoning LARD1.5
- Listing Conditions Standard
Interior Features
- Laundry Features Common Area
Exterior Features
- Pool Features CommunityIn Ground
- Lot Rectangular Lot
Community Features
- Community Features Curbs
- Senior Community No
- MLS Area 699 - Not Defined