Los Angeles, CA 90057,151 S Mountainview AVE
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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
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MaryLou Adame-Martinez

MaryLou Adame-Martinez

+1(949) 690-7149
$ 2,525,000
Est. payment /mo
Save
Price Dropped by $70K

151 S Mountainview AVE Los Angeles, CA 90057

10 Beds

10 Baths

6,536 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 6,536 sqft

Price per Sqft $386

MLS Listing ID 25621599

Bedrooms 10

HOA Y/N No

Year Built 1954

Lot Size 6,385 Sqft

Property Description

Price Reduction! Renovated 10-unit building with plans for 6 additional units cash flowing at an amazing 6.25% Cap Rate from day 1 with upside to 8.7% Cap on Proforma. Preliminary plans to add 6 new units in the garages to achieve a remarkable 10.6% Current Cap Rate, 13% Proforma Cap Rate, and only 183k/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. 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 C42 - Downtown L.A.

Zoning LAC2

Interior

Flooring Laminate

Fireplace No

Appliance Refrigerator

Exterior

Total Parking Spaces 8

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5154006009

Special Listing Condition Standard

CRMLS – RECore
Listed by Armin Soleimani Global Platinum Properties, Inc.
SCHOOLSPROPERTIES
Elementary Schools 20
  • 10

    Ivanhoe Elementary

    Public | KG - 5

  • 9

    Equitas Academy Charter

    Public | KG - 5

  • 9

    Gabriella Charter

    Public | KG - 8

  • 9

    Solano Avenue Elementary School

    Public | KG - 6

  • 8

    Los Feliz STEMM Magnet School

    Public | KG - 6

  • 8

    Hoover Street Elementary

    Public | KG - 5

  • 8

    Franklin Avenue Elementary

    Public | KG - 5

  • 8

    Clifford Street Math & Technology Magent

    Public | KG - 6

  • 8

    Allesandro Elementary School

    Public | PK - 5

  • 7

    Dr. Sammy Lee Medical and Health Science Magnet

    Public | KG - 5

  • 7

    Equitas Academy Charter #2

    Public | 5 - 8

  • 7

    Dorris Place Elementary

    Public | KG - 6

  • 6

    Van Ness Avenue Elementary

    Public | KG - 5

  • 6

    Kim Elementary School

    Public | KG - 5

  • 6

    Cahuenga Elementary School

    Public | KG - 5

  • 6

    Downtown Value

    Public | KG - 8

  • 6

    Micheltorena Elementary

    Public | KG - 5

  • 6

    Betty Plasencia Elementary

    Public | KG - 5

  • 6

    20th Street Elementary School

    Public | KG - 5

  • 5

    Wilton Place Elementary

    Public | KG - 5

Middle Schools 20
  • 8

    Rise Kohyang Middle School

    Public | 6 - 8

  • 7

    Alliance Gertz-Ressler Richard Merkin 6-12 Complex

    Public | 6 - 12

  • 6

    Virgil Middle School

    Public | 6 - 8

  • 6

    Thomas Starr King Middle School

    Public | 6 - 8

  • 6

    New Designs Charter

    Public | 6 - 12

  • 4

    RFK Community Schools - Ambassador School of Global Leadership

    Public | 6 - 12

  • 4

    Los Angeles Academy of Arts & Enterprise Charter

    Public | 6 - 12

  • 4

    Vista Charter Middle School

    Public | 6 - 8

  • 4

    Alliance College-Ready Middle Academy No. 12

    Public | 6 - 8

  • 4

    John Adams Middle School

    Public | 6 - 8

  • 3

    Studio

    Public | 6 - 8

  • 2

    Monsenor Oscar Romero Charter Middle School

    Public | 6 - 8

  • 1

    Apex Academy

    Public | 7 - 12

  • 1

    Global Education Academy Middle School

    Public | 6 - 8

  • 1

    Berendo Middle School

    Public | 6 - 8

  • 1

    Young Oak Kim Academy

    Public | 6 - 8

  • 1

    John Liechty Middle School

    Public | 6 - 8

  • 1

    Sal Castro Middle School

    Public | 6 - 8

  • 1

    Para los Ninos Middle School

    Public | 6 - 8

  • 0

    Richard A. Alonzo Community Day

    Public | 7 - 12

High Schools 20
  • 9

    Alliance Dr. Olga Mohan High School

    Public | 9 - 12

  • 9

    Downtown Business High School

    Public | 9 - 12

  • 8

    John Marshall High School

    Public | 9 - 12

  • 8

    Orthopaedic Hospital

    Public | 9 - 12

  • 7

    STEM Academy of Hollywood

    Public | 9 - 12

  • 7

    Central City Value

    Public | 9 - 12

  • 7

    Camino Nuevo High No. 2

    Public | 9 - 12

  • 7

    Alliance College-Ready Academy High No. 16

    Public | 9 - 12

  • 7

    Ramon C. Cortines School of Visual and Performing

    Public | 9 - 12

  • 7

    PUC Early College Academy for Leaders & Scholars (ECALS)

    Public | 9 - 12

  • 6

    Usc Hybrid High School

    Public | 9 - 12

  • 5

    Belmont Sh-la Teacher Preparatory Academy

    Public | 9 - 12

  • 5

    Camino Nuevo Charter High School

    Public | 9 - 12

  • 5

    Roybal Learning Center

    Public | 9 - 12

  • 5

    Alliance Tennenbaum Family Technology High School

    Public | 9 - 12

  • 4

    RFK Community Schools - Los Angeles High School of the Arts

    Public | 9 - 12

  • 4

    Santee Education Complex

    Public | 9 - 12

  • 4

    Miguel Contreras Learning Complex - School of Business & Tourism

    Public | 9 - 12

  • 4

    Los Angeles River High School

    Public | 9 - 12

  • 3

    Belmont High School

    Public | 9 - 12

School and business data provided by Attom Data.

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151 S Mountainview AVE