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151 S Mountainview St Los Angeles, CA, 90057
$1,950,000 Commercial for sale Other
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.
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Property details
6,536 sqft interior area
Land area
6,366 sqft (0.15 acres)
Days on Verhouse
4
Address
151 S Mountainview St, Los Angeles, CA, 90057
City of California
Los Angeles
County
Los Angeles
District
Listing
Nearby major retailers
Costco
T-Mobile
Albertsons
Trader Joe's
Toyota
Whole Foods Market
Wholesale: 1
Mobile phone: 6
Supermarket: 6
Car: 2
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Interior Features
Laminate floors
Floor Covering
Laminate
Amenities
Other
Listed by
Armin Soleimani, Global Platinum Properties, Inc.
Name
Armin Soleimani
License number
01846872
Brokerage company
Global Platinum Properties, Inc.
MLS #
CL24391617
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Calculate your monthly payments
Mortgage
$5,987
Taxes
$0
HOA dues
$0
Mortgage
$390,000 / 20%
2.28%
30 years
Your amount
$5,987 / month
Lot details
TMK #5154006009
Parcel nr.
5154006009
90057 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 90057
39%
Families with children
National average: 39%
53%
Non family households
825,753
Population
$67,142
Average Income
Age & gender
Median age 35 years
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Commute types
61% commute by car
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Education level
26% have not graduated education
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Number of employees
1% work in management
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Vehicles available
47% have 1 vehicle
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Vehicles by gender
47% have 1 vehicle
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Housing market insights for
$1.23m
Neighborhood average
sales price*
sales price*
$982.5k
Neighborhood median
sales price*
sales price*
553
Number
of sales*
of sales*
Housing type
44% are apartments
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Rooms
37% of the houses have 2 or 3 rooms
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Bedrooms
37% have 2 or 3 bedrooms
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Owners vs Renters
85% are renters
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17.33 / 20
Most Walkable
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
New Listing May 13, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| May 13, 2024 | New Listing | $1,950,000 | 0 | MLS #CL24391617 |
| May 10, 2024 | Withdrawn | $1,950,000 | 0 | MLS #CL24360841 |
| Apr 10, 2024 | Price Decrease | $1,950,000 -2.26% | 0 | MLS #CL24360841 |
| Feb 21, 2024 | New Listing | $1,995,000 | 0 | MLS #CL24360841 |
| Feb 16, 2024 | Withdrawn | $1,995,000 | 0 | MLS #CL24346317 |
| Jan 10, 2024 | New Listing | $1,995,000 | 0 | MLS #CL24346317 |
| Jan 4, 2024 | Withdrawn | $1,995,000 | 0 | MLS #CL23340055 |
| Jan 2, 2024 | For sale | $1,995,000 | 0 | MLS #CL23340055 |
| Dec 18, 2023 | Under contract | $1,995,000 | 0 | MLS #CL23340055 |
| Dec 15, 2023 | New Listing | $1,995,000 | 0 | MLS #CL23340055 |
| Dec 11, 2023 | Withdrawn | $1,995,000 | 0 | MLS #CL23325897 |
| Oct 26, 2023 | New Listing | $1,995,000 | 0 | MLS #CL23325897 |
| Sep 13, 2023 | New Listing | $1,995,000 | 0 | MLS #CL23311007 |
| Sep 12, 2023 | Unavailable | $1,995,000 | 0 | MLS #CL23293101 |
| Aug 18, 2023 | Price Decrease | $1,995,000 -7.21% | 0 | MLS #CL23293101 |
| Jul 21, 2023 | New Listing | $2,150,000 | 0 | MLS #CL23293101 |
Taxes of 151 S Mountainview St, Los Angeles, CA, 90057
LAC2 zoning / MLS #CL24391617
Zoning
LAC2
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Frequently Asked Questions about 151 S Mountainview St
What is 151 S Mountainview St?
151 S Mountainview St is a Commercial/Industrial propertywith 6,536 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
151 S Mountainview St, Los Angeles, CA, 90057.
What comparable properties are nearby?
Comparable nearby commercial properties include 229 S Westlake Ave, 307 S Burlington Ave, 259 N Burlington Ave, 2502 W 3rd St, 160 Union Pl, 1801 W 5th St.
Based on information from the bridgeMLS as of 05-16-2024. 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. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: May 14, 2024
Verhouse Last checked 2 minutes ago
The closest grocery stores are Smart & Final, 0.54 miles away and Food 4 Less, 0.55 miles away.
The 90057 zip area has a population of 825,753, and 39% of the families have children. The median age is 35.31 years and 61% commute by car. The most popular housing type is "apartment" and 85% is renter.
