151 S Mountainview Avenue, Los Angeles, CA 90057

• 6,536 sqft

Property Description

Renovated 10-unit building with plans for 6 additional units cash flowing at an amazing 6% Cap Rate from day 1 with upside to 8.4% Cap on Proforma. Preliminary plans to add 6 new units in the garages to achieve a remarkable 10.2% Current Cap Rate, 12.6% Proforma Cap Rate, and only 188k/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. 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, 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 Status:

Active

Date Added:

November 24, 2025 at 06:00AM

Listing Office:

Global Platinum Properties, Inc. : 424-394-1030

Listing Agent:

Armin Soleimani : 310-666-2246

MLS ID:

CL25621599

Interior

• Flooring: Laminate

Location

• Originating MLS: CRMLS
• County: Los Angeles

Lot

• Zoning: LAC25154006009

Financial

• Source: CRMLS

This listing courtesy of Armin Soleimani, Global Platinum Properties, Inc.