151 S Mountain View Ave Los Angeles, CA 90057
Westlake NeighborhoodEstimated payment $14,131/month
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
Global Platinum Properties, Inc. License #01846872 Listed on: 08/25/2025
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
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/25/2025 08/25/25 | For Sale | $2,195,000 | -- | $336 / Sq Ft |
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