Property Detail

Description

We are pleased to offer for sale, The Reno / Council Portfolio, a collection of five apartment homes over two properties located in the heart of Historic Filipinotown in Los Angeles, CA. 200-208 N Reno St located adjacent to our first offering on Council St, is comprised of 3 homes on 2 separate structures. The first building (200-202 N Reno St.) houses 2 units, one 2bed/ 2bath, approximately 1,100 square feet, and one 1bed/ 1bath, approximately 700 square feet. Residents have access to 4 separate covered garage spaces. The second structure on the property (208 N Reno St./APN: 5156-017-014 ) is a free standing 2 car covered garage with a 400 square foot unit located above. Under SB 1211, garage spaces may have possibility of ADU conversion, buyer to verify. [All 3-units are 100% occupied and to be sold with residents - total yearly gross on current $45,948. Over 90% upside left.] The tri-plex could be purchased as a portfolio with 2849-2851 Council St. or offered individually at $600,000. Please contact listing agent for Offering Memorandum.