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

Los Angeles, CA, 90057
$ 1,950,000
Bedrooms10 Baths10.0 Sq 6,536

Monthly Estimate*

$ 13,621

Listed by Global Platinum Properties, Inc.
151 S Mountainview Street, Los Angeles, CA 90057 - Image 1
151 S Mountainview Street, Los Angeles, CA 90057 - Image 2
151 S Mountainview Street, Los Angeles, CA 90057 - Image 3
151 S Mountainview Street, Los Angeles, CA 90057 - Image 4
151 S Mountainview Street, Los Angeles, CA 90057 - Image 5
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151 S Mountainview Street, Los Angeles, CA 90057 - Image 7
151 S Mountainview Street, Los Angeles, CA 90057 - Image 8
151 S Mountainview Street, Los Angeles, CA 90057 - Image 9
151 S Mountainview Street, Los Angeles, CA 90057 - Image 10
151 S Mountainview Street, Los Angeles, CA 90057 - Image 11
151 S Mountainview Street, Los Angeles, CA 90057 - Image 12
151 S Mountainview Street, Los Angeles, CA 90057 - Image 13
151 S Mountainview Street, Los Angeles, CA 90057 - Image 14
151 S Mountainview Street, Los Angeles, CA 90057 - Image 15
151 S Mountainview Street, Los Angeles, CA 90057 - Image 16
151 S Mountainview Street, Los Angeles, CA 90057 - Image 17
151 S Mountainview Street, Los Angeles, CA 90057 - Image 18
151 S Mountainview Street, Los Angeles, CA 90057 - Image 19
151 S Mountainview Street, Los Angeles, CA 90057 - Image 20
151 S Mountainview Street, Los Angeles, CA 90057 - Image 21
151 S Mountainview Street, Los Angeles, CA 90057 - Image 22

Multi-Family Home for sale in Los Angeles, CA

for $1,950,000 with 10 bedrooms and 10 full baths. This 6,536 square foot home was built on a lot size of 0.1461.

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

10

Full Bath

10

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1461

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

24360841

Days on Market

71
Features
General
Appliances Refrigerator
Zoning LAC2
Stories 2
Levels Two
Gross Income 175941.0
County Los Angeles
Net Operating Income 124714.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage Y
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions Between 1st and 2nd Street. The property is accessible from Alvardo or Mountain View Streets.
City Los Angeles
View Y/N N
Senior Community Y/N N
Total Units 10
MLS Area C42 - Downtown L.A.
Lot Size Square Feet 6366.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Mountainview
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 69
Standard Status Active
Cap Rate 6.4
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Interior
Flooring Laminate
Total Stories 0
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Street Suffix Street
Total Bedrooms 10
Electric On Property Y/N N
Total Baths 10
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Exterior
Total Parking 8.0
Lot Size Area 6366.0
Number of Buildings 1
Spa N
Building Area Total 6536.0
Lot Size Acres 0.1461
Lot Size Units SquareFeet
Lot Size Source Owner
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 151
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* Excluded Features
List By
Global Platinum Properties, Inc.

Broker

(310) 666-2246

Phone

Affordability Calculator

$13,621
Per Month
100%
0%
0%
Monthly Principal & Interest
$13,621
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% 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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THE TIME TO SELL IS NOW!
Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/10/2024$1,950,000 -2.26% Price Down
2/22/2024$1,995,000 Listed Price

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151 S 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 0.1461. 151 S Mountainview Street has 10 bedrooms and 10.0 baths. The property's zip code is 90057 which is in Los Angeles, CA

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