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Price Reduced Listing
$2,295,000
 $12,320 est/mo Sourced by Back At You

151 S Mountainview Avenue,Los Angeles, CA 90057

Los Angeles, CA 90057

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Description

Huge 300k 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 7% Cap Rate from day 1, with upside to 9.6% cap rate on pro forma. RTI plans to add 6 new units in the garages to achieve a remarkable 11.7% Current Cap Rate, a 14.2% pro forma cap rate, and only $ 169k/door after accounting for 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 Site98
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:
$2,295,000
low | high
Med:
$424,250
100% of Average
sqft:
6,536
low | high
Med:
908
100% of Average
$ / sqft:
$351
low | high
Med:
$467
17.04456931792% of Average
On site:
98
low | high
Med:
83.5
100% of Average
Sourced by Back At You

Market Activity 90057

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Learn More About This Property

Desert Lifestyle Properties

Desert Lifestyle Properties

 (760) 818-7518info@desertlifestyleproperties.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90057
AreaC42 Downtown L.A.
Listing VS Median (in 90057)
Price:
$2,295,000
low | high
Med:
$424,250
100% of Average
sqft:
6,536
low | high
Med:
908
100% of Average
$ / sqft:
$351
low | high
Med:
$467
17.04456931792% of Average
On site:
98
low | high
Med:
83.5
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.721M - $2.868M
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
Listing Updated: September 29, 2026 at 1:58:59 AM PDT
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