230 N Reno Street, Los Angeles, CA 90026

• 6,160 sqft

Property Description

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 area further enhances the property's appeal. Situated in a vibrant and dynamic neighborhood, residents enjoy immediate access to a wide variety of fine dining, nightlife, and retail establishments. The property's central location offers proximity to Downtown Los Angeles, Echo Park, and Silver Lake,

Listing Status:

Active

Date Added:

October 6, 2025 at 05:00AM

Listing Office:

Remax Commercial and Investment Realty : 213-817-1000

Listing Agent:

Jonathan Taksa : 424-672-8220

MLS ID:

CL25602049

Interior

• Laundry: Common Area
• Heating: Wall Furnace

Exterior

• Parking: None

Location

• County: Los Angeles

Lot

• Zoning: LAR35156017012

This listing courtesy of Jonathan Taksa, Remax Commercial and Investment Realty