- 10 Beds
- 10 Baths
- 6,536 Sqft
- .15 Acres
151 Mountainview Avenue
Huge Price Reduction! 10-unit building with 6 fully renovated units (2 vacant) Cash flowing at an amazing 7.75% Cap Rate from day 1 with upside to 10.5% Cap on Proforma. Fully Approved RTI plans to add 2 Attached ADUs to achieve a remarkable 9.6% Current Cap Rate, 12.3% Proforma Cap Rate, and only 202k/door after taking into account all constructions costs (~276k assuming $200/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.
Essential Information
- MLS® #25583225
- Price$2,150,000
- Bedrooms10
- Bathrooms10.00
- Square Footage6,536
- Acres0.15
- Year Built1954
- TypeResidential Income
- StatusActive
Community Information
- Address151 Mountainview Avenue
- AreaC42 - Downtown L.A.
- CityLos Angeles
- CountyLos Angeles
- Zip Code90057
Amenities
- Parking Spaces8
Interior
- InteriorLaminate
- AppliancesRefrigerator
- # of Stories2
- StoriesTwo
Additional Information
- Date ListedAugust 25th, 2025
- Days on Market34
- ZoningLAC2
Listing Details
- AgentArmin Soleimani
Office
Global Platinum Properties, Inc.
Price Change History for 151 Mountainview Avenue, Los Angeles, (MLS® #25583225)
| Date | Details | Change |
|---|---|---|
| Price Reduced from $2,195,000 to $2,150,000 |
Armin Soleimani, Global Platinum Properties, Inc..
Based on information from California Regional Multiple Listing Service, Inc. as of September 28th, 2025 at 9:30pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.