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Listed by: Armin Soleimani (310) 666-2246 DRE #01846872, Julio Ruiz DRE #01911261 | Global Platinum Properties, Inc. (424) 394-1030
$2,595,000
10 Beds
10 Baths
6,536sqft
151 S Mountainview Ave, Los Angeles, CA 90057
$2,595,000
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Multi Family
Built in 1954
$-- HOA
6,388 sqft lot
$397/sq.ft
Description
Renovated 10-unit building with plans for 6 additional units cash flowing at an amazing 6% Cap Rate from day 1 with upside to 8.4% Cap on Proforma. Preliminary plans to add 6 new units in the garages to achieve a remarkable 10.2% Current Cap Rate, 12.6% Proforma Cap Rate, and only 188k/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 b...
Continue Reading- Houzeo last checked: 4 Minutes ago
- Listing updated: December 5, 2025 at 12:47 am
- Source: California Regional MLS-CA | MLS#: 25621599
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1954
HOA Fees
-
Finished Area
6,536 sqft
Lot Size
6,388 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
25621599
MLS Status
Active
Days on Market
25
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