151 S Mountainview Avenue, Los Angeles, CA 90057 - Berkshire Hathaway HomeServices California Properties
151 S Mountainview Avenue Los Angeles, CA 90057
$2,295,000 10 beds, 10 baths
6, 536 sqft

Agent Remarks

10-unit building with 6 fully renovated units (100% occupied) Cash flowing at an amazing 7.2% 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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25550839
List price is $2,295,000
Beds: 10
Baths: 10
Built in 1954
6,536 sqft
2 stories
0.15 acres
Lot size: 0.1466
County: Los Angeles
Zoning: LAC2
Appliances: Refrigerator
MLS area: C42 - Downtown L.A.

Last Updated: 6/25/2025

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This listing belongs to the C42 - Downtown L.A. MLS area

Lat/Long: 34.065128, -118.270744.
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Listing Agent: Armin Soleimani
Co Listing Agent: Julio Ruiz
Lic#: 01234982
Office Name: Mission Viejo

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