CA > Los Angeles
Los Angeles, CA 90057,151 S Mountainview AVE
Los Angeles, CA 90057,151 S Mountainview AVE
Los Angeles, CA 90057,151 S Mountainview AVE
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$2,595,000
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10 Beds
10 Baths
6,536 SqFt
New

151 S Mountainview AVE Los Angeles, CA 90057

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Brian Winter

Brian Winter

+1(559) 737-2923

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 6,536 sqft

Price per Sqft $397

MLS Listing ID 25621599

Bedrooms 10

HOA Y/N No

Year Built 1954

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.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LAC2

Interior

Flooring Laminate

Fireplace No

Appliance Refrigerator

Exterior

Total Parking Spaces 8

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5154006009

Special Listing Condition Standard

CRMLS – RECore
Listed by Armin Soleimani Global Platinum Properties, Inc.

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Brian Winter

Brian Winter

Agent | License ID: 0200992

+1(559) 737-2923

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151 S Mountainview AVE

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