151 S Mountainview Avenue
Los Angeles, CA 90057
10
Bed
0
Bath
6,536Sqft
6,388Sqft(Lot)
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 b
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedrooms: 10Bathroom Information
Total Baths: 10 Full Baths: 0 Half Baths: 0 -
Interior Features
Property Appliances: Refrigerator Flooring: Laminate
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Building Information
Year Built: 1954 Building Area Total: 6,536
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1466 -
Lot Size Source: Owner Lot Size Square Feet: 6388
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Listing Price Information
Original List Price: 2,395,000 Listing Contract Date: 2026-06-23 -
Lease Information
Listing Agreement: Seller Reserved
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Tax Information
Parcel Number: 5154006009
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Garage and Parking
Attached Garage: YesHomeowners Association
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Other Property Info
Source Listing Status: Active Source Neighborhood: C42 - Downtown L.A. Postal Code Plus 4: 2221 Directions: Between 1st and 2nd Street. The property is accessible from Alvardo or Mountain View Streets. Zoning: LAC2 Source Property Type: Residential Income Area: C42 - Downtown L.A. -
Building and Construction
Property Age: 72 Year Built Source: Assessor Total Square Feet Living: 6536 Levels or Stories: Two Building Total Stories: 2
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 136 S Westlake Avenue, Los Angeles, CA, 90057 | $1,850,000 | -- | -- | 10,040 | 10,040 SqFt |
| 127 S Westlake Avenue, Los Angeles, CA, 90057 | $895,000 | 4 | 1 | 2,270 | 2,270 SqFt |
| 272 S Burlington, Los Angeles, CA, 90057 | $925,000 | -- | -- | 2,778 | 2,778 SqFt |
| 272 S Burlington, Los Angeles, CA, 90057 | $925,000 | 2 | -- | 2,778 | 2,778 SqFt |
| 229 S Westlake Avenue, Los Angeles, CA, 90057 | $1,895,000 | -- | -- | 6,150 | 6,150 SqFt |
| 1803 Maryland Street, Los Angeles, CA, 90057 | $1,249,000 | 6 | -- | 4,083 | 4,083 SqFt |
| 502 S Westlake Avenue, Los Angeles, CA, 90057 | $2,800,000 | 2 | -- | 13,539 | 13,539 SqFt |
| 107 S Rampart Boulevard, Los Angeles, CA, 90057 | $998,888 | 5 | 2 | 2,248 | 2,248 SqFt |
| 2731 Beverly Boulevard, Los Angeles, CA, 90057 | $8,895,000 | 66 | -- | 24,795 | 24,795 SqFt |
| 314 S Coronado Street, Los Angeles, CA, 90057 | $1,100,000 | 4 | -- | 2,340 | 2,340 SqFt |
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ByOwner last updated this listing 06/24/2026 @ 08:24
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