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230 N Reno Street, Los Angeles, CA 90026

Los Angeles
Local realty services provided by:CENTURY 21 Jordan-Link
230 N Reno Street,Los Angeles, CA 90026
$1,500,000
  • 12 Beds
  • 10 Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: jonathan taksa
Office: remax commercial and investment realty
MLS#:25602049
Source:CRMLS

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Price summary

  • Price:$1,500,000

About this home

We are pleased to present 230 N. Reno Street, a character-rich 10-unit multifamily property located in the heart of Los Angeles. Built in 1929, this beautiful Spanish-style building sits on a desirable corner lot and offers tremendous charm and architectural pedigree rarely available in today's market. The property features an excellent unit mix comprising eight (8) one bedroom, one-bath units and two (2) two-bedroom, one-bath units. The well-laid-out floor plans are flooded with natural light and enhanced by vintage hardwood floors, spacious interiors, and an on-site laundry facility, making it a sought-after living experience for tenants. 230 N. Reno is attractively priced with an in-place CAP rate of 6.02% and a 10.02 GIM, providing investors with strong current returns. There is significant upside potential as average rents of $2.39 per square foot remain well below market, positioning the property to achieve a stabilized market CAP rate of 8.63% and a GRM of 7.98. The surrounding...

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Home facts

  • Year built:1929
  • Listing ID #:25602049
  • Added:173 day(s) ago
  • Updated:March 29, 2026 at 06:19 AM

Rooms and interior

  • Bedrooms:12
  • Total bathrooms:10

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1929
  • Levels:1 Story

Finances and disclosures

  • Price:$1,500,000
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