Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Westlake Multifamily Investment Opportunity Title is generated by Realmo AI

    143 N Reno St, Los Angeles, CA 90026

    View on Map
    Claim this Listing
    For Sale
    $1,995,000

    Westlake property with rental upside in a prime location.

    Type:Multifamily
    Added:
    Apr 3, 2026
    Days on Market:
    66
    Last Refresh:
    Apr 3 at 5:26 am

    Property Features for 143 N Reno St

    General Information

    Standard status
    Active
    Property subtype
    Multifamily

    We can help!

    Listing Contact
    David O'Keefe

    Listing agent David O'Keefe License #License(s): CA: 01928739

    Listing office

    Listing date Apr 3, 2026

    Source Marcusmillichap

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of David O'Keefe

    HighLights

    • Rental Upside: Opportunity to capture 44% rental upside.
    • Prime Westlake Location: Enjoy easy access to entertainment, dining, retail, the 101 Freeway, and Downtown Los Angeles.
    • Pride‑of‑Ownership Asset: Well‑maintained building under the same ownership for 25 years.
    • 1927 Spanish‑Style Architecture.
    • Unit Mix: Features a mix of 13 studios and three one‑bedroom/one‑bath units.
    • On‑Site Laundry: Offers the convenience of on‑site laundry facilities.

    Overview

    Located in the Westlake neighborhood of Los Angeles, 143 North Reno Street presents an investment opportunity. The property, under the same ownership for 25 years, offers potential for repositioning and capturing rental upside. Constructed in 1927, the Spanish-style building is well-maintained and features 13 studio units and three one-bedroom/one-bath units. On-site laundry facilities are available. The location provides convenient access to entertainment, dining, retail options, the 101 Freeway, and Downtown Los Angeles.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    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
    -118.28206
    Latitude
    34.07041

    Nearby Similar for Sale

    • $2,600,000
      10,944 SF

      Los Angeles Commercial Investment Opportunity

      Prime investment property in the heart of the Fashion District.
      1212 S San Pedro Street, Los Angeles, CA 90015
      View Details
    • $3,990,000
      8,688 SF

      Prime Automotive Land in Los Angeles

      Six parcels with buildings in established automotive corridor.
      125 E Florence Ave, Los Angeles, CA 90003
      View Details
    • $1,199,999
      2,526 SF

      Los Angeles Retail Opportunity

      Single-tenant retail asset with high visibility and growth potential.
      4254 Floral, Los Angeles, CA 90063
      View Details
    • $950,000
      3,040 SF

      Los Angeles Industrial Owner-User Opportunity

      Rare industrial building in central Los Angeles, ideal for owner-users.
      1915 S Santa Fe, Los Angeles, CA 90021
      View Details
    • $2,295,000
      10,492 SF

      Highland Park Multifamily Value-Add Opportunity

      14-unit apartment building in a sought-after Los Angeles location.
      820 Chestnut Ave, Los Angeles, CA 90042
      View Details
    • $895,000
      3,372 SF

      Four-Unit Residential Income Property

      Four-unit building with ample rear parking, including three 1-bedroom units and a 3-bedroom delivered vacant at close.
      1467 W Vernon, Los Angeles, CA 90062
      View Details
    • $1,556,000
      3,999 SF

      Adjacent 11-Unit Residential Income Properties

      Two adjacent multifamily buildings with 11 units on an LAR4-zoned lot, offering income and development flexibility.
      964 S New Hampshire Ave, Los Angeles, CA 90006
      View Details
    • $2,334,000
      3,786 SF

      Apartment Income Property with Covered Parking

      Two adjacent apartment buildings with 11 total units, covered parking, and LAR4 zoning sold concurrently.
      968 S New Hampshire Ave, Los Angeles, CA 90006
      View Details
    • $1,450,000
      3,040 SF

      East LA Commercial Investment Opportunity

      Fully leased 2-unit commercial building on high-traffic Whittier Blvd.
      5110 Whittier, Los Angeles, CA 90022
      View Details
    • $2,900,000
      7,300 SF

      Modern Multifamily Community in Los Angeles

      Newly constructed five-unit multifamily property in Pico-Union, Los Angeles.
      1724 Menlo Avenue, Los Angeles, CA 90006
      View Details
    • $2,750,000
      10,501 SF

      Mid-City Multifamily Investment Opportunity

      14-unit apartment building in a central Los Angeles location.
      1683 S Longwood, Los Angeles, CA 90019
      View Details
    • $2,195,000
      6,000 SF

      Boyle Heights Four-Unit Income Property

      Four units near Downtown LA and USC Medical Campus.
      2437 Malabar Street 2439, Los Angeles, CA 90033
      View Details

    FAQs

    What type of property is this?
    Apartment building - Westlake property with rental upside in a prime location.
    Where is this apartment building located?
    The property is located at 143 N Reno St Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $1,995,000.
    What are key features of this property?
    This property features: Rental Upside: Opportunity to capture 44% rental upside.; Prime Westlake Location: Enjoy easy access to entertainment, dining, retail, the 101 Freeway, and Downtown Los Angeles.; Pride‑of‑Ownership Asset: Well‑maintained building under the same ownership for 25 years.
    (562) 257-1289
    We can help!
    Listing Contact
    David O'Keefe
    Real Estate License ID: License(s): CA: 01928739
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    143 N Reno St, Los Angeles, CA 90026
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!