151 S Mountainview Avenue, Los Angeles, CA 90057
- 10 beds |
- 10 baths |
- 6,536 sqft
Multi-Family Home 
Built in 1954 
6,386sqft lot
—— car garage 
$366/sqft 
Listed 1 month ago
Property Description
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, 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:
- April 7, 2026
- Data Last Updated:
- May 20, 2026 at 7:16AM
- Listing Office:
- Global Platinum Properties, Inc. : 424-394-1030
- Listing Agent:
- Armin Soleimani : 310-666-2246
- MLS ID:
- 26679327
- Parking: Parking spaces: 8
- General: 2
- Originating MLS: CRMLS_CL
- County: Los Angeles
- Zoning: LAC25154006009
- Source: CRMLS_CL
This listing courtesy of Armin Soleimani , Global Platinum Properties, Inc.
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
