We are pleased to present 230 N. Reno Street, a character-rich 10-unit multifamily property located in the heart of Los Angeles. Built in 1929, this beautiful Spanish-style building sits on a desirable corner lot and offers tremendous charm and architectural pedigree rarely available in today's market. The property features an excellent unit mix comprising eight (8) one bedroom, one-bath units and two (2) two-bedroom, one-bath units. The well-laid-out floor plans are flooded with natural light and enhanced by vintage hardwood floors, spacious interiors, and an on-site laundry facility, making it a sought-after living experience for tenants. 230 N. Reno is attractively priced with an in-place CAP rate of 6.02% and a 10.02 GIM, providing investors with strong current returns. There is significant upside potential as average rents of $2.39 per square foot remain well below market, positioning the property to achieve a stabilized market CAP rate of 8.63% and a GRM of 7.98. The surrounding area further enhances the property's appeal. Situated in a vibrant and dynamic neighborhood, residents enjoy immediate access to a wide variety of fine dining, nightlife, and retail establishments. The property's central location offers proximity to Downtown Los Angeles, Echo Park, and Silver Lake, areas known for their eclectic mix of culture, entertainment, and community amenities.
Multi-familyProperty Type
1929Year Built
4,444 sq ftLot Size
$244Price/Sq.Ft.
Listed by Jonathan Taksa•DRE #01366169• Remax Commercial and Investment Realty
•424-672-8220 (agent)
•jon@taksainvestment.com (agent)
Bought with Jeffrey Pierce•DRE #01249270• Miller & Desatnik Realty Co.
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Permits
Beds
12
Baths
10
Stories
—
Lot width
—
Lot depth
—
Lot size
4,444 Sq. Ft.
Year renovated
1934
Sq. Ft.
6,160
Year built
1929
Style
Multi-Family (5+ Unit)
County
Los Angeles County
APN
5156017012
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 6, 2026.
Dec 24, 2025 • Final
Plumbing
Inspect the installation of a single gas shut-off valve for a point of sale requirement.
Plumbing
Aug 6, 2004 • Final
Plumbing
Install an earthquake gas shut off valve.
Gas
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Home facts updated by county records on Oct 6, 2026
Other
Documents & Disclosures
Disclosures: As Is
Around this home
Schools
Lake Street Primary School
Public K-1 • Assigned • 0.6mi
Virgil Middle School
Public 6-8 • Assigned • 0.6mi
7/10
Belmont Senior High School
Public 9-12 • Assigned • 1.3mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
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