151 Mountainview, Los Angeles CA 90057 | $2,525,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 6388 Lot Sq Ft
  • Type:
  • Stories: 2
  • Year Built: 1954
  • MLS#: 26647103
  • Community: C42 - Downtown L.A.

Listing provided courtesy of Armin Soleimani of Global Platinum Properties, Inc.. Last updated 2026-02-19 09:10:59.000000. Listing information © 2025 SANDICOR.

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.

More Details

0.15 Acres
2 Stories

David Piper

Call or Text: 858-525-5007

DRE# 02021985