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151 South Mountainview Street Los Angeles, CA $ 1,950,000
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$ 1,950,000 Get more info
151 South Mountainview Street
$ 1,950,000
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151 South Mountainview Street

Los Angeles, CA, 90057
$ 1,950,000
Baths0.0 Sq 6,536

Monthly Estimate*

$ 12,960

151 South Mountainview Street, Los Angeles, CA 90057 - Image 1
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151 South Mountainview Street, Los Angeles, CA 90057 - Image 9
151 South Mountainview Street, Los Angeles, CA 90057 - Image 10
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151 South Mountainview Street, Los Angeles, CA 90057 - Image 12
151 South Mountainview Street, Los Angeles, CA 90057 - Image 13
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Studio

Multi-Family Home for sale in Los Angeles, CA

for $1,950,000. This 6,536 square foot home was built on a lot size of 0.15.

Huge 450k Price Reduction! Value-Add 10-unit building with 4 fully renovated units with permits (100% occupied) in the historic Filipino Town priced at only $195k/door and $298/SF. Amazing Current Cap Rate of 6.4% and 11 GRM with an incredible 88% upside to 14% Cap Rate and 5.9 GRM on proforma. Plus, there are Fully Approved RTI plans to add 2 attached ADUs to improve the numbers to only 162k/unit, 9.4% Cap Rate, and 8 GRM on Current with upside to 17% Cap Rate and 4.9 GRM on Proforma after ADUs. 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. 4 units have been fully remodeled with permits and boast new modern cabinets, flooring, lighting, new bathrooms, and significant exterior improvements. This property is located in the heart of LA 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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Multi-Family Active

Price

$ 1,950,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.15

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0024391617
Features
General
Zoning LAC2
Levels Two
County Los Angeles
Net Operating Income 124714.0
New Construction No
Property Type C
HOA / Comm Assn No
Status Active
City Los Angeles
Buyer Agent Compensation 2.50
Senior Community Y/N No
MLS Area C42 - Downtown L.A.
Lot Size Square Feet 6366.0
Street Name Mountainview
Standard Status Active
Buyer Agent Compensation Type %
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Interior
Flooring Laminate
Kitchen Appliances Refrigerator
Street Suffix Street
Total Baths 0
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Exterior
Parking Features Gated
Lot Size Area 6366.0
Building Area Total 6536.0
Lot Size Acres 0.15
Lot Size Units Square Feet
Land Lease Type Fee
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* Excluded Features
List By
Armin Soleimani

Listing Agent

Global Platinum Properties, Inc.

Broker

Affordability Calculator

$12,960
Per Month
100%
0%
0%
Monthly Principal & Interest
$12,960
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
793437 Elementary School
793428 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/14/2024$1,950,000 Listed Price

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151 South Mountainview Street, Los Angeles, CA, 90057 is a Multi-Family Home for sale at $1,950,000 with 6,536 sqft and a lot size of 0.15. 151 South Mountainview Street is a studio with 0.0 baths. The property's zip code is 90057 which is in Los Angeles, CA

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