Josh S Cohen
This listing was posted on RealtyWW.
$12,870,000
Home For Sale In Los Angeles, California
Price:
$12,870,000
BR/BA:
1 BR
Location:
245 S Reno St, Los Angeles, CA
Description:
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.For more details: https://realtyww.info/homes_los-angeles-d523223/for-sale_i71965952
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More About this Listing: Home For Sale In Los Angeles, California
Home For Sale In Los Angeles, California is a One Bedroom Single-Family Homes for Sale at 245 S Reno St in Los Angeles CA. Find other listings like Home For Sale In Los Angeles, California and listings near 245 S Reno St by searching Oodle Classifieds for One Bedroom Single-Family Homes for Sale in Los Angeles CA.
Home For Sale In Los Angeles, California is a One Bedroom Single-Family Homes for Sale at 245 S Reno St in Los Angeles CA. Find other listings like Home For Sale In Los Angeles, California and listings near 245 S Reno St by searching Oodle Classifieds for One Bedroom Single-Family Homes for Sale in Los Angeles CA.