151 S Mountain View Ave
Los Angeles, CA 90057

10 Beds
10 Baths
6,536 Sq Ft
6 Days on Market

For Sale $1,950,000
Request tour
Save
Courtesy of Global Platinum Properties, Inc.

Listing Agent & Comments

Armin SoleimaniGlobal Platinum Properties, Inc.
310-666-2246arminsoleimani@gmail.com License #01846872
Huge 450k Price Reduction! Value-Add 10-unit building with 4 fully renovated units with permits (100% occupied) in the historic Filipino Town priced at only $195k/door and $298/SF. Amazing Current Cap Rate of 6.4% and 11 GRM with an incredible 88% upside to 14% Cap Rate and 5.9 GRM on proforma. Plus, there are Fully Approved RTI plans to add 2 attached ADUs to improve the numbers to only 162k/unit, 9.4% Cap Rate, and 8 GRM on Current with upside to 17% Cap Rate and 4.9 GRM on Proforma after ADUs. 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 to add 2 Attached ADUs 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. 4 units have been fully remodeled with permits and boast new modern cabinets, flooring, lighting, new bathrooms, and significant exterior improvements. This property is located in the heart of LA 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.

Listing Broker Offer of Compensation is 2.5%.*
MLS# 24391617 • Data provided by CRMLS
*This offer of compensation is only eligible for participants of the MLS where the listing was filed.
Additional home details
Living Area6,536 Sq.Ft.
Lot Size6,364 Sq.Ft.
Total Rooms--
Bedrooms10
Bathrooms10
Stories--
Year Built--
Property TypeMulti Family
Zoning--
HOA Name--
HOA Fee--
HOA Includes--
Tax Year--
Tax Amount--
Property in Flood Zone--
We’ll connect you with top agents in your area.
More Information On This Home
This home's estimated value
$1,863,269
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
Missing property details data
This property is missing data for:
Sale history
New
Do you own this home?
Access your homeowner dashboard
house

HouseCanary, Inc. Brokerage

151 S Mountain View Ave., Los Angeles, CA 90057

Multi Family
10 Beds
10 Baths
6,536 Sq Ft
6 Days on Market

Listing Agent & Comments

Armin SoleimaniGlobal Platinum Properties, Inc.
310-666-2246arminsoleimani@gmail.com License #01846872
Huge 450k Price Reduction! Value-Add 10-unit building with 4 fully renovated units with permits (100% occupied) in the historic Filipino Town priced at only $195k/door and $298/SF. Amazing Current Cap Rate of 6.4% and 11 GRM with an incredible 88% upside to 14% Cap Rate and 5.9 GRM on proforma. Plus, there are Fully Approved RTI plans to add 2 attached ADUs to improve the numbers to only 162k/unit, 9.4% Cap Rate, and 8 GRM on Current with upside to 17% Cap Rate and 4.9 GRM on Proforma after ADUs. 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 to add 2 Attached ADUs 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. 4 units have been fully remodeled with permits and boast new modern cabinets, flooring, lighting, new bathrooms, and significant exterior improvements. This property is located in the heart of LA 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.

Listing Broker Offer of Compensation is 2.5%.*
MLS# 24391617 • Data provided by CRMLS
*This offer of compensation is only eligible for participants of the MLS where the listing was filed.
Additional home details
Living Area6,536 Sq.Ft.
Lot Size6,364 Sq.Ft.
Total Rooms--
Bedrooms10
Bathrooms10
Stories--
Year Built--
Property TypeMulti Family
Zoning--
HOA Name--
HOA Fee--
HOA Includes--
Tax Year--
Tax Amount--
Property in Flood Zone--
We’ll connect you with top agents in your area.
Missing property details data
This property is missing data for:
Sale history
New
Do you own this home?
Access your homeowner dashboard
house
For Sale $1,950,000
Request tour
Save
Courtesy of Global Platinum Properties, Inc.
151 S Mountain View Ave
Los Angeles, CA 90057

10 Beds
10 Baths
6,536 Sq Ft
6 Days on Market

Listing Agent & Comments

Armin SoleimaniGlobal Platinum Properties, Inc.
310-666-2246arminsoleimani@gmail.com License #01846872
Huge 450k Price Reduction! Value-Add 10-unit building with 4 fully renovated units with permits (100% occupied) in the historic Filipino Town priced at only $195k/door and $298/SF. Amazing Current Cap Rate of 6.4% and 11 GRM with an incredible 88% upside to 14% Cap Rate and 5.9 GRM on proforma. Plus, there are Fully Approved RTI plans to add 2 attached ADUs to improve the numbers to only 162k/unit, 9.4% Cap Rate, and 8 GRM on Current with upside to 17% Cap Rate and 4.9 GRM on Proforma after ADUs. 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 to add 2 Attached ADUs 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. 4 units have been fully remodeled with permits and boast new modern cabinets, flooring, lighting, new bathrooms, and significant exterior improvements. This property is located in the heart of LA 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.

Listing Broker Offer of Compensation is 2.5%.*
MLS# 24391617 • Data provided by CRMLS
*This offer of compensation is only eligible for participants of the MLS where the listing was filed.
Additional home details
Living Area6,536 Sq.Ft.
Lot Size6,364 Sq.Ft.
Total Rooms--
Bedrooms10
Bathrooms10
Stories--
Year Built--
Property TypeMulti Family
Zoning--
HOA Name--
HOA Fee--
HOA Includes--
Tax Year--
Tax Amount--
Property in Flood Zone--
We’ll connect you with top agents in your area.
More Information On This Home
This home's estimated value
$1,863,269
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
Missing property details data
This property is missing data for:
Sale history
New
Do you own this home?
Access your homeowner dashboard
house

For Sale $1,950,000
Request tour
Save
Courtesy of Global Platinum Properties, Inc.