About 151 S Mountainview Avenue
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 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.
Features of 151 S Mountainview Avenue
| MLS® # | 26851443 |
|---|---|
| Price | $2,395,000 |
| Bedrooms | 10 |
| Bathrooms | 10.00 |
| Square Footage | 6,536 |
| Lot Size | 6,388 |
| Year Built | 1954 |
| Type | Residential Income |
| Status | Active |
| # Of Units | 10 |
Community Information
| Address | 151 S Mountainview Avenue |
|---|---|
| Area | C42 - Downtown L.A. |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90057 |
Amenities
| Parking Spaces | 8 |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Laminate |
|---|---|
| Appliances | Refrigerator |
| Has Basement | No |
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Additional Information
| Date Listed | June 23rd, 2026 |
|---|---|
| Days on Market | 78 |
| Zoning | LAC2 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Julio Ruiz |
|---|---|
| Office | Global Platinum Properties, Inc. |