245 S Reno St | Los Angeles, CA 90057
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245 S Reno St
Los Angeles, CA 90057
Reno Terrace · Multifamily Property For Sale
·
66 Units
Investment Highlights
- A Koreatown asset of this size and 60's vintage is rarely available for purchase!
- Walk Score of 89! Property is surrounded by terrific amenities and transit options!
- The property features a pool in the central courtyard, parking, and all units have patios.
- Great location between Koreatown, Silver Lake and MacArthur Park!
- Priced at a current 5.61% Cap Rate with projected 20% +/- upside for a new owner!
Property Facts
| No. Units | 66 | Lot Size | 0.44 AC |
| Property Type | Multifamily | Building Size | 33,000 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1964 |
| Building Class | C | Parking Ratio | 1.68/1,000 SF |
| Zoning | LARD1.5 | ||
| No. Units | 66 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.44 AC |
| Building Size | 33,000 SF |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.68/1,000 SF |
| Zoning | LARD1.5 |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Courtyard
- Pool
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| Studios | 65 | - | - |
Property Taxes
| Parcel Number | 5155-006-027 | Improvements Assessment | $2,449,765 |
| Land Assessment | $9,842,814 | Total Assessment | $12,292,579 |
Property Taxes
Parcel Number
5155-006-027
Land Assessment
$9,842,814
Improvements Assessment
$2,449,765
Total Assessment
$12,292,579
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