349 N Reno Street, Los Angeles, California 90026, Los Angeles, 90026 - 3 bed, 1 bath
ACTIVE$675,000
349 N Reno Street, Los Angeles, California 90026
3Beds
1Bath
1,043Sqft
5,075Lot
Price Vs. Estimate
The estimated value ($675,019.575) is $19.575 (0%) lower than the list price ($675,000). This property may be overpriced.
Key pros and cons
Top Pros:
Prime Urban Location: Situated in Historic Filipino town, minutes from Sunset Blvd, DTLA, and popular Eastside amenities, making it a highly desirable and central urban hub.
Top Cons:
Occupied Property Delivery: The property will be delivered occupied, requiring the buyer to manage existing tenants and potential eviction processes, adding complexity and cost.
Compared to the nearby listings
Price:$675.0K vs avg $1.53M ($-857,500)6%
Size:1,043 sqft vs avg 1,590 sqft21%
Price/sqft:$647 vs avg $99115%
More Insights
Built in 1920 (105 years old).
Condition: Built in 1920, this property is over 100 years old. The listing explicitly states 'Interior condition is unknown' and 'Property to be sold as-is with no repairs or credits,' with showings limited to 'drive-by only.' This lack of interior access and information, combined with the property's age and the 'as-is' sale terms, strongly suggests that the property requires substantial repairs and rehabilitation. Without any evidence of recent renovations or interior maintenance, it is highly probable that major components are outdated, non-functional, or have significant defects, making it potentially unsafe or uncomfortable to live in its current state.
Year Built
1920
Close
-
List price
$675K
Original List price
$675K
Price/Sqft
$647
HOA
-
Days on market
-
Sold On
-
MLS number
25615173
Home ConditionPoor
Features
View-
About this home
Trust sale with no court confirmation required.Prime Historic Filipino town opportunity! Situated just minutes from Sunset Blvd, DTLA, and some of the Eastside's most popular cafs, markets, and parks, this property offers exceptional potential for investors or buyers looking for a long-term vision in a high-demand neighborhood. Sale is strictly subject to the occupants in place; property will be delivered occupied. Property showings will be subject to tenants' availability. Drive-by only. Interior condition is unknown. Property to be sold as-is with no repairs or credits. A rare chance to secure a centrally located asset in one of LA's most desirable urban hubs. This property can be sold together as a portfolio sale with 353 N. Reno Street (MLS #25535969)
Condition Rating
Poor
Built in 1920, this property is over 100 years old. The listing explicitly states 'Interior condition is unknown' and 'Property to be sold as-is with no repairs or credits,' with showings limited to 'drive-by only.' This lack of interior access and information, combined with the property's age and the 'as-is' sale terms, strongly suggests that the property requires substantial repairs and rehabilitation. Without any evidence of recent renovations or interior maintenance, it is highly probable that major components are outdated, non-functional, or have significant defects, making it potentially unsafe or uncomfortable to live in its current state.
Pros & Cons
Pros
Prime Urban Location: Situated in Historic Filipino town, minutes from Sunset Blvd, DTLA, and popular Eastside amenities, making it a highly desirable and central urban hub.
Strong Investment Potential: Offers exceptional potential for investors or buyers with a long-term vision in a high-demand neighborhood, indicating future appreciation.
Streamlined Trust Sale: A trust sale with no court confirmation required, simplifying and potentially expediting the transaction process.
Portfolio Acquisition Opportunity: Available for a portfolio sale with an adjacent property (353 N. Reno Street), appealing to larger investors or developers seeking scale.
High-Demand Market: Located in one of LA's most desirable urban hubs, ensuring consistent demand and potential for strong rental income or resale value.
Cons
Occupied Property Delivery: The property will be delivered occupied, requiring the buyer to manage existing tenants and potential eviction processes, adding complexity and cost.
Undisclosed Interior Condition: Interior condition is unknown, and showings are limited to drive-by only, posing significant risk and uncertainty regarding necessary repairs or renovations.
As-Is Sale with No Concessions: Sold strictly 'as-is' with no repairs or credits, placing the full burden of any necessary improvements or unforeseen issues entirely on the buyer.