125 S Reno Street

    Los Angeles (City), CA 90057
    • $1,075,000
    • STATUS: Active
    • ON SITE: 47 days
    • ID#: 20553882
    $1,075,000
    • 6
      BEDS
    • 0.11
      ACRES
    • 2
      BATHS
    • 0
      1/2 BATHS
    • 2,496
      SQFT
    • $431
      $/SQFT
    Type:
    Multi-Family
    Built:
    1922
    County:

    School Ratings & Info

    Description

    Major Price Reduction! Motivated Seller! BRC is proud to present a 2 unit building located at 125 South Reno Street in Los Angeles, California. The property sits close to the intersection of Beverly Blvd and Reno St. The subject property is in close proximity to the most heavily built submarkets in L.A., including Downtown, Koreatown, and Hollywood. This offering provides an investor the opportunity to purchase Los Angeles units in the busiest area with up side. The property also has a redevelopment opportunity, which gives a developer the option to build 6 units using the TOC building bonus.

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    Based on information from CRISNet MLS as of 2020-03-31T23:42:56.237. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-03-31T23:42:56.237. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Based on information from the Conejo Simi Moorpark Association of Realtors as of 2020-03-31T23:42:56.237. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Based on information from the i-Tech MLS as of 2020-03-31T23:42:56.237. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Licensed in the State of California, USA.
    www.randyplaice.com/homes/103229892

    125 S Reno Street Los Angeles (City), CA 90057

    • Price: $1,075,000
    • Status: Active
    • ID#: 20553882
    6
    Beds
    2
    Baths
    0
    ½ Baths
    0.11
    Acres
    2,496
    SQFT
    $431
    $/SQFT
    1922
    Built
    Neighborhood:
    21 - SILVER LAKE - ECHO PARK
    County:
    Los Angeles
    Area:
    Downtown L.A. (C42)
    Property Description
    Major Price Reduction! Motivated Seller! BRC is proud to present a 2 unit building located at 125 South Reno Street in Los Angeles, California. The property sits close to the intersection of Beverly Blvd and Reno St. The subject property is in close proximity to the most heavily built submarkets in L.A., including Downtown, Koreatown, and Hollywood. This offering provides an investor the opportunity to purchase Los Angeles units in the busiest area with up side. The property also has a redevelopment opportunity, which gives a developer the option to build 6 units using the TOC building bonus.
    Exterior Features

    Alley YN Y Building Structure Style Low Rise Common Walls Detached/No Common Walls Construction Frame And Stucco Covered Spaces Total 1 Direction Faces Faces East Entry Location Ground Level W/Steps Exterior Construction Stucco Foundation Details Foundation - Other Garage Spaces Total 1.0 Garage Structures Total 1 Lot Description 2-4 LotsAlley PavedAutomatic GateFencedFenced YardFront YardGuttersLawnLot Shape-RectangularSidewalksSingle LotStreet ConcreteStreet LightingStreet PavedWalk Street Lot Location NoneAlley AccessCityNear Public TransitPark Nearby Lot Size Dimension Description 40X120 Number Patio 0 Open Other Spaces Total 3 Parking Features Auto Driveway GateControlled EntranceCovered ParkingDirect Garage AccessGarage Door OpenerDrivewayDriveway - ConcreteDriveway GateGatedPrivate GarageUncovered Parking Spaces Total 4 Parking Type AssignedGarage Is DetachedOn StreetParking Space Paved YN Y Pool Descriptions No Pool Roofing Other View Other View

    Interior Features

    Appliances RefrigeratorWasher Bathroom Features Shower Over Tub Bedroom Features Converted Bedroom Cooking Appliances RangeOven-Gas Cooling Type Air Conditioning Disability Access None Fireplace Rooms None Fireplace YN No Floor Material Hardwood Heating Type Other Interior Features Open Floor Plan Laundry Locations Laundry Area Levels Ground LevelMulti LevelsTop LevelTwo Level Number Carpet 0 Number Refrigerator 2 Number Wall AC 2 Rooms Master BedroomOtherEntryLiving RoomConverted Bedroom Total Floors 2 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Partially Unit Furnished04 Partially Unit Furnished05 Partially Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bath02 1.0 Unit Number Of Bed01 3 Unit Number Of Bed02 3 Water Heater Features Electric Water Heaters YN Y

    Property Features

    Ada Compliance YN N Additions Alterations YN Y Adjusted Gross Income 63600.00 Building Permit YN Y Country United States Of America Cross Streets Beverly Boulevard & Occidental Boulevard Expense Total Annual 18777.00 Gross Operating Income 61692.00 Gross Rent Multiplier 16.00 Hoa YN N Land Lease Type Fee Lease Per Month Year Month Legal Disclosures Take Property As IsRent Control Lot Size Source Vendor Enhanced Net Operating Income 42915.00 Number Electric Meters 2 Number Gas Meters 2 Number Leased 2 Number Of Buildings 1 Number Water Meters 0 Owner Pays Water Playing Courts None Possession Close of Escrow Property Condition FixerRepair CosmeticTear DownUpdated/RemodeledValue Mainly In Land Security Safety Other Special Conditions Standard Sale Square Footage Source Vendor Enhanced Television Services Tv Satellite DishCable TvTv Antennae Tenant Pays Cable TvElectricityGasTrash Unit Monthly Rent01 2550.00 Unit Monthly Rent02 2500.00 Unit Projected Total Monthly Rent01 2550.00 Unit Projected Total Monthly Rent02 2550.00 Unit Total Monthly Rent01 2016.00 Unit Total Monthly Rent02 1911.00 Unit Type01 125 Unit Type02 127 Units Total In Complex 2 Water District Ladwp Zoning Lard1.5

    Listing provided courtesy of Jacob Kesherim DRE#01928381 of Brc Advisors- Bh.


    Based on information from CRISNet MLS as of 2020-03-31T23:42:56.237. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-03-31T23:42:56.237. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Based on information from the Conejo Simi Moorpark Association of Realtors as of 2020-03-31T23:42:56.237. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Based on information from the i-Tech MLS as of 2020-03-31T23:42:56.237. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    Licensed in the State of California, USA.
     
    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355