$2,395,000
 $12,857 est/mo Sourced by Back At You

151 S Mountainview Avenue,Los Angeles, CA 90057

Los Angeles, CA 90057

Share:

PreviousNext

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.

Details

MLS #26851443
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1954
Days On Site63
Listing Provided ByGlobal Platinum Properties, Inc. | Julio Ruiz

Features

Bed(s)10
Bath(s)10
SQ Feet6,536
Story(s)2
Units10
Building(s)1
ZoningLAC2
Acreage0.15

Interior

AppliancesRefrigerator

Parking

Attached Garage Yes / NoYes

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90057
AreaC42 Downtown L.A.
Listing VS Median (in 90057)
Price:
$2,395,000
low | high
Med:
$1,893,983
70.919290187891% of Average
sqft:
6,536
low | high
Med:
4,333
83.713280293758% of Average
$ / sqft:
$366
low | high
Med:
$452
26.584311607827% of Average
On site:
63
low | high
Med:
54.5
100% of Average
Sourced by Back At You

Market Activity 90057

Request a showing

Request a showing

Contact

Additional Information

Showing Information

Submit Form

Required Field
By submitting, you agree to receive promotional texts and/or calls from Coldwell Banker Home Source at the number provided. Message/data rates may apply. Consent is not a condition of purchase, and you can opt out anytime by replying STOP.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

Contact

Learn More About This Property

Coldwell Banker Commercial Real Estate Solutions

Coldwell Banker Commercial Real Estate Solutions

DRE: 01857050 (760) 684-8000info@cbcdesert.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90057
AreaC42 Downtown L.A.
Listing VS Median (in 90057)
Price:
$2,395,000
low | high
Med:
$1,893,983
70.919290187891% of Average
sqft:
6,536
low | high
Med:
4,333
83.713280293758% of Average
$ / sqft:
$366
low | high
Med:
$452
26.584311607827% of Average
On site:
63
low | high
Med:
54.5
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.796M - $2.993M
sqft: 4,500 - 8,000
Nearby Listings Property ImageNearby Listings Details
174 S Alvarado Street Property Photo 1
$1,999,999
174 S Alvarado Street
Los Angeles, CA 90057
229 S Westlake Avenue Property Photo 1
$1,750,000
229 S Westlake Avenue
Los Angeles, CA 90057
Listing Updated: August 21, 2026 at 11:21:01 PM PDT
Real Estate Links Our Domains