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. 2849-2851 Council St. is a single structure comprised of 2 spacious 3bed/2bath units, approximately 1,200 square feet each.… Read More Upon the gated entry, residents drive down an approximately 100 foot long driveway to the rear of the property where they have access to 4 carport spaces. The structure was built in 1996, possibly making it exempt from the Los Angeles Rent Stabilization Ordinance (RSO/ "Rent Control"), buyer to verify. [Both units are 100% occupied and to be sold with residents - total yearly gross on current $41,064. Over 70% upside left.] The duplex could be purchased as a portfolio with 200-208 N Reno St. or offered individually at $650,000. Read Less
Property listed by Sotheby's International Realty, Matthew Maun 323-665-1700
Listing Snapshot
Days Online
1
Last Updated
Beds
6
Square Ft.
2,536
Lot Size
0.11 Acres
Year Built
1996
MLS Number
26686469
Additional Details
Building
Built in 1996, Living area: 2536.0, 1 building, 2 stories, Levels: Two
Community
Gated
Heating
NaturalGas
Income
Gross Income: $41,064, Net Operating Income: $19,710
Lot
0.1103 acres
Parking
4 carport spaces, 4 total parking spaces, DetachedCarport
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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