151 S Mountainview Avenue, Los Angeles, CA 90057

Local realty services provided by:Better Homes and Gardens Real Estate Wine Country Group
151 S Mountainview Avenue,Los Angeles, CA 90057
$2,150,000
  • 10 Beds
  • 10 Baths
  • 6,536 sq. ft.
  • Multi-family
  • Active
Listed by:armin soleimani
Office:global platinum properties, inc.
MLS#:25583225
Source:CRMLS

Price summary

  • Price:$2,150,000
  • Price per sq. ft.:$328.95

About this home

Huge Price Reduction! 10-unit building with 6 fully renovated units (2 vacant) Cash flowing at an amazing 7.75% Cap Rate from day 1 with upside to 10.5% Cap on Proforma. Fully Approved RTI plans to add 2 Attached ADUs to achieve a remarkable 9.6% Current Cap Rate, 12.3% Proforma Cap Rate, and only 202k/door after taking into account all constructions costs (~276k assuming $200/SF). All units are individually metered for Electricity and gas, and tenants pay for Trash. Rare 8 vacant single Car Garages for additional income and ADU potential. RTI plans to add 2 Attached ADUs in the garages will eliminate/reduce the soft-story scope of work and cost. Easy to rent unit mix consisting of 10 large (1 bed/1 bath) units. 6 units have been fully remodeled and boast new modern cabinets, flooring, lighting, new bathrooms, and significant exterior improvements. This property is located in the trendy & historic Filipino Town just minutes away from Echo Park, Silverlake, DTLA as well as many hip

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Home facts

  • Year built:1954
  • Listing ID #:25583225
  • Added:116 day(s) ago
  • Updated:September 26, 2025 at 10:31 AM

Rooms and interior

  • Bedrooms:10
  • Total bathrooms:10
  • Living area:6,536 sq. ft.

Structure and exterior

  • Year built:1954
  • Building area:6,536 sq. ft.
  • Lot area:0.15 Acres

Finances and disclosures

  • Price:$2,150,000
  • Price per sq. ft.:$328.95
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