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    230 N Reno St Los Angeles, CA 90026

    Sponsored
    For Sale
    Pending
    $1,795,000

    MULTI_FAMILY - Los Angeles, CA

    Property size:
    6,160 SF
    Lot size:
    0.10 Acres
    Days on Market:
    43
    Last Refresh:
    Jan 5 at 4:06 pm

    Property Features for 230 N Reno St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Zoning
    LAR3
    Rooms
    Bathroom 8, Bedroom 10, Bedroom 5, Bathroom 4, Bathroom 10, Bedroom 9, Bedroom 7, Bedroom 4, Bathroom 9, Bedroom 6, Bathroom 5, Bedroom 12, Bedroom 8, Bedroom 11, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 3, Bathroom 7, Bathroom 6, Bathroom 2, Bedroom 2
    Bedrooms
    12
    Bathrooms
    10
    APN
    5156-017-012
    Size
    6,160 SF
    Lot size
    0.10 Acres

    Utilities

    Cooling system
    Wall Unit(s)

    Building Details

    Year built
    1929
    Floors in Building
    2
    Number of units
    10

    RE/MAX Commercial & Investment (310) 802-2500 [email protected]

    Listing agent Jonathan Taksa (213) 817-1000 License #01366169

    Listing date Nov 24, 2025

    Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Los Angeles Multifamily Investment Opportunity

    Located in the heart of Los Angeles, this character-rich multifamily property features 10 units. Constructed in 1929, the Spanish-style building occupies a corner lot. The property contains eight one-bedroom, one-bath units and two two-bedroom, one-bath units. The units feature vintage hardwood floors and spacious interiors. An on-site laundry facility is available. The property is attractively priced with an in-place CAP rate of 6.02% and a 10.02 GIM, providing investors with strong current returns. Average rents of $2.39 per square foot remain below market, positioning the property to achieve a stabilized market CAP rate of 8.63% and a GRM of 7.98. Residents enjoy access to fine dining, nightlife, and retail establishments. Its central location offers proximity to Downtown Los Angeles, Echo Park, and Silver Lake. The property is zoned LAR3 and the lot size is 0.102 acres. The property size is 6160 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.279858
    Latitude
    34.073352

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    FAQs

    What type of property is this?
    Apartment building - Character-rich 10-unit multifamily property in the heart of Los Angeles.
    Where is this apartment building located?
    The property is located at 230 N Reno St Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $1,795,000.
    What are key features of this property?
    This property features: - Strong current returns with an in-place CAP rate of 6.02% and a 10.02 GIM.; - Significant upside potential through rent increases, projecting to a stabilized market CAP rate of 8.63% and a GRM of 7.98.; - Desirable location in the heart of Los Angeles, offering proximity to Downtown Los Angeles, Echo Park, and Silver Lake.
    (213) 817-1000
    Request Owner's contact information
    230 N Reno St Los Angeles, CA 90026
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    Los Angeles, CA 90026
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    230 N Reno St Los Angeles, CA 90026
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