#25482313, Alex 'Zan' Sacker, Listing Office: KW Advisors
#25477341·
Listing Office: Global Platinum Properties, Inc.·
Listing Agent: Armin Soleimani·
Listing Office Phone: 424-394-1030
$10,000
closing credit¹
151 S Mountainview Ave Los Angeles, CA 90057
$2,200,000 List price
$10,000
Closing credit¹
10 beds
10 baths
6,536 sqft
0.1 acres
$337 / sqft
House
Property details
About 151 S Mountainview Ave
Amazing Current Cap Rate of 7.3% and 10 GRM with 43% upside to 11% Cap Rate and 7.2 GRM on proforma! Value-Add 10-unit building with 6 Fully renovated units priced at only $220k/door and $336/SF plus Fully Approved RTI plans to add 2 attached ADUs to improve the numbers to only 183k/unit, 10% Cap Rate, and 7.7 GRM on Current with upside to 14% Cap Rate and 5.8 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. 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 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.
Highlights
Home typeOther
StatusActive
Size6,536 sqft
Lot size0.1466 Acres
Year built1954
MLS #25477341
Attached garageYes
Summary
- MLS Number: 25477341
- MLS Name: CRMLS
- Office Name: Global Platinum Properties, Inc.
- Office Phone: (424) 394-1030
- Listing Agent: Armin Soleimani
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/12/2025, 2:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,200,000
151 S Mountainview Ave
$10,000
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
4
Union Avenue Elementary
Public District PK-5
0.2 mi
•150 S Burlington Ave
4
N.E.W. Academy of Science and Arts
Public Charter KG-5
0.5 mi
•379 Loma Dr
4
Rosemont Avenue Elementary
Public District 2-5
0.5 mi
•421 Rosemont Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $20,649. Typical income of Los Angeles, CA residents is less than $<35k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
74%
<35k
25%
35k-100k
1%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
53%
Single, No Kids
14%
Single, with Kids
16%
Married, No Kids
17%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
7%
12-17 yrs old
33%
18-34 yrs old
28%
35-64 yrs old
17%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
H&M
Foot Locker
Burlington
Where do the neighbors go to eat?
Boston Market
Little Caesars
White Castle
What do the neighbors drive?
Honda
Dodge
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 151 S Mountainview Ave
This home is located at 151 S Mountainview Ave in Los Angeles, CA and zip code 90057 in the Central LA neighborhood. This 6,536 square foot home, which was built in 1954, sits on a 0.15 acre lot. Features: 10 bedrooms, 10 bathrooms. It has been listed on Rocket Homes since January 7, 2025 and is currently priced at $2,200,000.
While more than 294 listings in Los Angeles, CA in January 2025 were sold above asking price, there were more than 161 listings sold at asking price, and more than 545 were sold below. The inventory of homes for sale in Los Angeles, CA between December and January 2025 increased by 20.1%. In January 2025, listings were on the market for 45 days. During the same period, the median list price in this real estate market was $1,035,435.
From Rocket Homes Real Estate and based on county public records data.