151 S Mountainview Avenue
Los Angeles, CA 90057
10
Bed
10
Bath
6,536Sqft
6,388Sqft(Lot)
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 re
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 10Bathroom Information
Total Baths: 10Flooring Information
Laminate -
Interior Features
Appliances: Refrigerator
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Building Information
Year Built: 1954Building Area Total: 6536Stories: 2Private Pool: No
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Lot Information
Main Square Feet: 6388 Lot Size Acres: 0.1466 Lot Size Source: Owner Lot Size Square Feet: 6,388
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Listing Price Information
Listing Price: $2295000Original Price: $2395000
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Tax Information
Parcel Number: 5154006009
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Parking Information
Parking Total: 8Garage Information
Has Attached Garage: Yes
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Location Information
Direction: Between 1st and 2nd Street. The property is accessible from Alvardo or Mountain View Streets.
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 161 S Burlington Avenue, Los Angeles, CA, 90057 | $4,050,000 | 18 | 14 | 6,874 | 8,286 Sq. Ft |
| 1911 W 2nd Street, Los Angeles, CA, 90057 | $4,398,000 | 19 | 30 | 14,134 | 11,884 Sq. Ft |
| 136 S Westlake Avenue, Los Angeles, CA, 90057 | $1,850,000 | -- | -- | 10,040 | 9,316 Sq. Ft |
| 446 S Bonnie Brae Street, Los Angeles, CA, 90057 | $1,400,000 | 8 | 4 | 4,835 | 7,873 Sq. Ft |
| 201 S Park View Street, Los Angeles, CA, 90057 | $1,897,966 | 13 | 8 | 5,128 | 7,509 Sq. Ft |
| 120 S Coronado Street, Los Angeles, CA, 90057 | $2,150,000 | 12 | 16 | 10,522 | 17,303 Sq. Ft |
| 107 S Rampart Boulevard, Los Angeles, CA, 90057 | $850,000 | 5 | 2 | 2,248 | 5,032 Sq. Ft |
| 2731 Beverly Boulevard, Los Angeles, CA, 90057 | $8,895,000 | 66 | -- | 24,795 | 6,829 Sq. Ft |
| 694 S Burlington Avenue, Los Angeles, CA, 90057 | $3,900,000 | -- | -- | 30,319 | 22,530 Sq. Ft |
| 314 S Coronado Street, Los Angeles, CA, 90057 | $1,100,000 | 4 | -- | 2,340 | 5,279 Sq. Ft |
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ByOwner last updated this listing 09/27/2026 @ 02:04
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