145 S Reno Street
Los Angeles, CA, 90057 $ 1,199,000
Bedrooms7 Baths4.0 Sq 2,695 Monthly Estimate*
$ 8,375
Listed by Bret Lewis, Broker
for $1,199,000 with 7 bedrooms and 4 full baths. This 2,695 square foot home was built in 1906 on a lot size of 0.1102.
Meticulous remodeled Craftsman-style duplex in the heart of Los Angeles. With two distinct units, this property offers not just a home, but a lucrative investment. The upper unit boasts 4 bedrooms and 2 well-appointed bathrooms while the lower unit offers 3 bedrooms, 2 bathrooms, and an additional den, providing a total of 7 bedrooms and 4 bathrooms. This duplex truly is a "cash cow," offering substantial rental income with stimated rents of $5,000 for the upper unit and $4,500 for the lower unit. Recent upgrades have transformed this duplex with new flooring and fresh paint throughout. The kitchens have been completely remodeled with new shaker cabinets and elegant quartz countertops. Modern appliances, including a range, oven, dishwasher, and refrigerator, have been added to both units, ensuring a seamless living experience. Laundry hookups are conveniently available in both units, simplifying daily chores. Additionally, the property is equipped with separate electric and gas meters for efficient utility management. Complete with 2 car garage and additional on-site parking. With an outstanding walk score of 80, residents can accomplish most errands on foot, making daily life exceptionally convenient. The property also boasts a great transit rating of 71, facilitating easy commuting and city exploration. Situated near downtown Los Angeles, this duplex enjoys a prime location in a thriving neighborhood that is considered the heart of L.A. It's the perfect place for those looking to live in the midst of all the action or invest in a property with limitless potential. This remodeled Craftsman duplex offers the best of both worlds - classic charm combined with modern amenities and income potential. It's a property that truly speaks for itself, with an ideal location that makes it the place to be in Los Angeles.
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FeaturesGeneralInterior Features QuartzCounters
Sewer PublicSewer None
Heating WallFurnace
Cooling Ductless
Utilities SewerNotAvailable
Appliances Dishwasher ElectricOven GasRange Refrigerator
Zoning LARD1.5
HOA 0.0
Garage Spaces 2.0
Pool Features None
Year Built 1906
View Neighborhood
Stories 2
Levels Two
Property SubType Duplex
Gross Income 0.0
Community Features Curbs Urban
County Los Angeles
Net Operating Income 114000.0
Operating Expense 0.0
Insurance Expense 0.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N Y
Other Structures Storage
Special Listing Conditions Standard
Status Pending
Directions Wilshire and Virgil: Head North on Virgil Right on 3rd Left on Reno.
City Los Angeles
Entry Location 1
View Y/N Y
Senior Community Y/N N
Open Parking Spaces 2.0
Total Units 2
MLS Area C42 - Downtown L.A.
Lot Size Square Feet 4800.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Reno
Listing Terms Cash Conventional Item1031Exchange FHA VALoan
Spa Features None
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Fuel Expense 0.0
Property Condition UpdatedRemodeled Turnkey
Trash Expense 0.0
Water Sewer Expense 0.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 5
Building Area Units SquareFeet
Standard Status Pending
Year Built Source Assessor
Tax Lot 11
Property Sub Type Additional Duplex
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ExteriorParking Features Garage
Lot Features Item01UnitAcre BackYard FrontYard Lawn Landscaped SprinklerSystem
Water Source Public
Total Parking 4.0
Lot Size Area 4800.0
Number of Buildings 1
Spa N
Building Area Total 2695.0
Lot Size Acres 0.1102
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 1
Number of Separate Electric Meters 2
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorFireplace Features LivingRoom
Total Stories 2
Common Walls NoCommonWalls
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N Y
Street Suffix Street
Laundry Features Inside
Entry Level 1
Electric On Property Y/N N
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $8,375
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Los Angeles, CA
Average List Price $2,031,098
Percent of Sale Price 69%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
4/5/2024 | $1,199,000 | -2.12% | Price Down |
4/2/2024 | $1,225,000 | | Listed Price |