151 S Mountainview Avenue, Los Angeles, CA 90057

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Wine Country Group
151 S Mountainview Avenue,Los Angeles, CA 90057
$2,395,000
  • 10 Beds
  • 10 Baths
  • 6,536 sq. ft.
  • Multi-family
  • Active
Listed by: julio ruiz, armin soleimani
Office: global platinum properties, inc.424-394-1030
MLS#:26851443
Source:CRMLS

Price summary

  • Price:$2,395,000
  • Price per sq. ft.:$366.43

About this home

3rd Price Reduction and Now with Fully Approved RTI Plans! Renovated 10-unit building with RTI plans for 6 additional units cash flowing at an amazing 6.75% Cap Rate from day 1 with upside to 9.25% Cap on Proforma. RTI plans to add 6 new units in the garages to achieve a remarkable 11.3% Current Cap Rate, 13.7% Proforma Cap Rate, and only 175k/door after taking into account all construction costs (~415k assuming $300/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 for additional units 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,...

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Home facts

  • Year built:1954
  • Listing ID #:26851443
  • Added:5 day(s) ago
  • Updated:June 29, 2026 at 01:44 PM

Rooms and interior

  • Bedrooms:10
  • Total bathrooms:10
  • Flooring:Laminate
  • Kitchen Description:Refrigerator
  • Living area:6,536 sq. ft.

Structure and exterior

  • Year built:1954
  • Building area:6,536 sq. ft.
  • Lot area:0.15 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$2,395,000
  • Price per sq. ft.:$366.43

Features and amenities

  • Appliances:Refrigerator

Parking

  • Total parking spaces:8
Based on information from California Regional Multiple Listing Service, Inc. as of June 29, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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