$2,195,000

151 S Mountain View Ave Los Angeles, CA 90057

Westlake Neighborhood

Estimated payment $14,131/month

Total Views 1,577
10 Beds
10 Baths
6,536 Sq Ft
$336 Price per Sq Ft

Highlights

  • 8 Car Attached Garage
  • Ceramic Tile Flooring
  • Ceiling Fan

About This Home

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.

Listing Agent

Armin Soleimani

Global Platinum Properties, Inc. License #01846872 Listed on: 08/25/2025

Co-Listing Agent

Julio Ruiz

Global Platinum Properties, Inc. License #01911261

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Parking

  • 8 Car Attached Garage

Interior Spaces

  • 6,536 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Bathrooms

Additional Features

  • 6,388 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 10 Units

Listing and Financial Details

  • Assessor Parcel Number 5154-006-009

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Advertising Remarks: 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 Historic Filipino Town.
  • Living Area: 6536
  • Lot Acreage: 0.1461
  • Stories: 2
  • Year Built: 1954
  • Number Of Photos: 20
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Laminate, Ceramic Tile
  • Bedrooms: 10
  • Total Bathrooms: 10.00
  • Equipment: Refrigerator
  • Price Per S Q F T: 335.83

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Attached
  • Total Parking: 8

Utilities

  • Cooling: Ceiling Fan
  • Heating: Wall Electric

Lot Info

  • Assessed Improvement Percent: 66.07
  • Assessed Improvement Value: 379521
  • Assessed Land Percent: 33.93
  • Assessed Land Value: 194883
  • Total Assessed Value: 574404
  • Assessor Parcel Number: 5154-006-009
  • Lot Size Area: 6388

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115
  • Gross Rent Multiplier: 9.93
  • Number Of Units: 10
  • Total Annual Expense: 52083
  • Type Of Units: Garden
  • Vacancy Rate: 1 Unit

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2025 08/25/25 For Sale $2,195,000 -- $336 / Sq Ft
Source: The MLS

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Source: The MLS

MLS Number: 25583225

The MLS