Price Reduction! 10-unit building with 6 fully renovated units (1 vacant) Cash flowing at an amazing 7.4% Cap Rate from day 1 with upside to 11% Cap on Proforma. Fully Approved RTI plans to add 2 Attached ADUs to achieve a remarkable 9.3% Current Cap Rate, 13.1% Proforma Cap Rate, and only 205k/door after taking into account all constructions costs (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.
Property Details
Price:
$2,195,000
MLS #:
25550839
Status:
Active
Baths:
0
Address:
151 S Mountainview Avenue
Type:
Residential Income
Neighborhood:
c42downtownla
City:
Los Angeles
Listed Date:
Jun 10, 2025
State:
CA
ZIP:
90057
Lot Size:
6,388 sqft / 0.15 acres (approx)
Year Built:
1954
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Schools
Interior
Appliances
Refrigerator
Flooring
Laminate
Exterior
Parking Spots
8.00
Stories Total
2
Financial
Map
Community
- Address151 S Mountainview Avenue Los Angeles CA
- AreaC42 – Downtown L.A.
- CityLos Angeles
- CountyLos Angeles
- Zip Code90057
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151 S Mountainview Avenue
Los Angeles, CA
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