151 S Mountainview Avenue, Los Angeles, CA 90057

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
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:50 day(s) ago
  • Updated:August 13, 2026 at 11:08 AM

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

Parking

  • Total parking spaces:8
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