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Property

Los Angeles, CA 90057 151 S Mountainview Avenue

151 S Mountainview Avenue Los Angeles, CA - Image 1151 S Mountainview Avenue Los Angeles, CA - Image 2151 S Mountainview Avenue Los Angeles, CA - Image 3
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151 S Mountainview Avenue Los Angeles, CA - Image 4151 S Mountainview Avenue Los Angeles, CA - Image 5151 S Mountainview Avenue Los Angeles, CA - Image 6151 S Mountainview Avenue Los Angeles, CA - Image 7151 S Mountainview Avenue Los Angeles, CA - Image 8151 S Mountainview Avenue Los Angeles, CA - Image 9151 S Mountainview Avenue Los Angeles, CA - Image 10151 S Mountainview Avenue Los Angeles, CA - Image 11151 S Mountainview Avenue Los Angeles, CA - Image 12151 S Mountainview Avenue Los Angeles, CA - Image 13151 S Mountainview Avenue Los Angeles, CA - Image 14151 S Mountainview Avenue Los Angeles, CA - Image 15151 S Mountainview Avenue Los Angeles, CA - Image 16151 S Mountainview Avenue Los Angeles, CA - Image 17151 S Mountainview Avenue Los Angeles, CA - Image 18151 S Mountainview Avenue Los Angeles, CA - Image 19
Presented By: Armin Soleimani with Global Platinum Properties, Inc.;
  • MLS# 25550839
  • 06/10/2025
  • Request Tour
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  • Beds • 10
  • Baths • 10
  • SQFT • 6,536
  • Garage • 1
  • Year Built • 1954

Home Details

10-unit building with 6 fully renovated units (100% occupied) Cash flowing at an amazing 7% Cap Rate from day 1 with upside to 10.8% Cap on Proforma. Fully Approved RTI plans to add 2 Attached ADUs to achieve a remarkable 8.8% Current Cap Rate, 12.6% Proforma Cap Rate, and only 214k/door after taking into account all constructions costs (assuming $250/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 neighborhood attractions, restaurants, bars, and shops such as Brooklyn Bagel Bakery, Boba Guys - Rideback Ranch, HiFi Kitchen, and Laveta Coffee, popping up all around the area.
Presented By: Armin Soleimani with Global Platinum Properties, Inc.;

Interior Features for 151 S Mountainview Avenue

Bedrooms

Total Bedrooms10

Bathrooms

Half Baths0
Total Baths10
1/4 Baths
3/4 Baths

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
FlooringLaminate
Heating Y/NNo
Total Stories2

General for 151 S Mountainview Avenue

Additional Parcels Y/NNo
AppliancesRefrigerator
Attached Garage Yes
Cap Rate7.0
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
DirectionsBetween 1st and 2nd Street. The property is accessible from Alvardo or Mountain View Streets.
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
Gross Income220622.0
HOANo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet6388.0
Lot Size UnitsSquareFeet
MLS AreaC42 - Downtown L.A.
MobileHomeRemainsYNNo
Net Operating Income160740.0
New ConstructionNo
Number Of Units Total10
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Year Built1954
Year Built SourceAssessor
ZoningLAC2

Exterior for 151 S Mountainview Avenue

Building Area Total6536.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1466
Lot Size Area6388.0
Lot Size SourceOwner
Number of Buildings1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking8.0
Waterfront Y/NNo

Additional Details

Price History

Clayton Bond

Sales Associate
Price $2,295,000
MLS#25550839
List Date 06/10/2025
Property Type Multi-Family
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