151 S Mountainview Ave, Los Angeles, CA 90057
151 S Mountainview Ave, Los Angeles, CA 90057
151 S Mountainview Ave, Los Angeles, CA 90057
151 S Mountainview Ave, Los Angeles, CA 90057
151 S Mountainview Ave, Los Angeles, CA 90057
151 S Mountainview Ave, Los Angeles, CA 90057
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Shantrece Thomas

Shantrece Thomas

+1(904) 760-6560
$ 2,295,000
Est. payment | /mo

10 Beds

10 Baths

6,536 SqFt

Save
$ 2,295,000
Est. payment | /mo
Save

10 Beds

10 Baths

6,536 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,536 sqft

Price per Sqft $351

MLS Listing ID 26851443

Bedrooms 10

Year Built 1954

Lot Size 6,388 Sqft

Acres 0.1461

Property Sub-Type Multi-Family

Property Description

Huge 300k 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 7% Cap Rate from day 1, with upside to 9.6% cap rate on pro forma. RTI plans to add 6 new units in the garages to achieve a remarkable 11.7% Current Cap Rate, a 14.2% pro forma cap rate, and only $ 169k/door after accounting for 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.

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning LAC2

Rooms

Other Rooms None

Interior

Heating Wall Electric

Cooling Ceiling Fan

Flooring Laminate, Ceramic Tile

Equipment Refrigerator

Exterior

Parking Features Attached

Garage Spaces 8.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Global Platinum Properties, Inc.

NEARBY SCHOOLS & PROPERTIES

Shantrece Thomas

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(904) 760-6560

shantrecethomas@gmail.com

200 W FORSYTH STREET SUITE 1605, Jacksonville, Florida 32202, United States

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151 S Mountainview Ave