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151 S Mountainview Ave , Los Angeles, CA 90057
$2,395,000
Est. Payment: $12,051.26/mo
10 Bed
10 Bath
6536 Sqft
Status: active | Days on site: 8
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Chris Heller
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House Description

3rd 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 6.75% Cap Rate from day 1 with upside to 9.25% Cap on Proforma. RTI plans to add 6 new units in the garages to achieve a remarkable 11.3% Current Cap Rate, 13.7% Proforma Cap Rate, and only 175k/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. 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.
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Highlights

Listed by Julio Ruiz , 818-524-0706 and Armin Soleimani , 310-666-2246 Global Platinum Properties, Inc. , 424-394-1030. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family
Lot/Acreage
0.15

Year Built

1954

County

Los Angeles

Area

C42 - Downtown L.A.

Listing ID

26851443

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:10
  • ▪ Bathrooms:10
  • ▪ Full Bathrooms:0
Appliances:Refrigerator
Floor:Laminate

Exterior Features

Lot:No Land Lease
Garage Capacity:8
Zoning:LAC2
Others:2+ Total Units,Has ADU
Principal Interest
$12,051
Taxes
$1,527

Home Price

$2,395,000

Loan Details

30 yrs
6.453%

Down Payment

20%
$479,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$12,051.26

Principal

Taxes

Principal Taxes HOA Total
Monthly $12,051.26 $1,526.81 $0.00 $13,578.07
Yearly $144,615.14 $18,321.75 $0.00 $162,936.89
Total $4,338,454.09 $549,652.50 $0.00 $4,888,106.59

Today's Rates

30 Year

6.45%

20 Year

6.33%

15 Year

5.88%

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Market insight data is pulled from the same city as the listing being viewed (Los Angeles, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-08-08T14:37:52.000Z

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