143 N Reno Street, Los Angeles, California 90026, Los Angeles, 90026 - bed, bath
143 N Reno Street
Los Angeles, California 90026
Property Price
SUMMARY
Analysis of 143 N Reno Street, Los Angeles, California 90026 is currently available with a list price of $1,995,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1927, this property is nearly 100 years old. While described as 'well-maintained' and a 'pride-of-ownership asset,' the listing explicitly states an 'opportunity to reposition' and 'capture 44 percent rental upside.' This strongly indicates that the interiors, particularly kitchens and bathrooms, are significantly outdated and require substantial renovation and rehabilitation to meet modern standards and achieve higher market rents. The lack of interior images further supports the assumption that these areas are not a selling point. The exterior appears maintained but not recently updated, with dated awnings and landscaping. This aligns with the 'poor' category, which requires substantial repairs and rehabilitation, even if the core structure is sound.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Westlake Location
The property boasts an excellent Westlake location, offering convenient access to world-class entertainment, dining, retail, the 101 Freeway, and Downtown Los Angeles, enhancing tenant appeal.
- Significant Rental Upside
Explicitly identified opportunity to capture 44 percent rental upside, making it a highly attractive investment for value-add strategies.
- Multi-Unit Income Property
Comprising 13 studios and 3 one-bedroom units, this 16-unit building provides diversified and substantial rental income potential.
CONSRISKS & DEFICIENCIES
- Age of Building
Built in 1927, the property's age suggests potential for significant capital expenditures for system upgrades (e.g., plumbing, electrical) and general modernization to achieve the stated rental upside.
- Predominance of Studio Units
With 13 out of 16 units being studios, the property's unit mix may limit the tenant demographic and potentially lead to higher turnover compared to properties with a greater proportion of larger units.
- Lack of Dedicated Parking
The property description does not mention dedicated parking, which can be a significant drawback and competitive disadvantage for tenants in a dense urban area like Westlake.
About 143 N Reno Street
143 North Reno Street in Los Angeles’ popular Westlake neighborhood. Under the same ownership for 25 years, this offering is an excellent opportunity to reposition a pride-of-ownership asset and capture 44 percent rental upside. 143 North Reno Street is a well-maintained, Spanish-style 1927 construction with 13 studios and three one-bedroom/one-bath units. The building also offers on-site laundry. The property’s Westlake location offers easy access to world-class entertainment, dining and retail, and convenient proximity to the 101 Freeway and Downtown Los Angeles.
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1927
- Lot Size
- 6,000 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 9,240 | 8,000 | 67% |
| Lot Size | 6,000 | 5,936 | 67% |
| Price | $2.00M | $2.00M | 50% |
| Price per sq ft | $216 | $266 | 33% |
| Built year | 1927 | 1927 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 176 | 185 | 33% |
Pricing History
Listed for Sale
Sep 11, 2025
$1,995,000
Initial Listing