new - 3 days on rocket

151 S Mountainview Ave, Los Angeles, CA, 90057

$2,200,000

Home List Price

$10,000*

Closing Credit

10 Bedrooms
10 Baths
6,536 SqFt
$337/SqFt
House

Location

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151 S Mountainview Ave, Los Angeles$2,200,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
Attached GarageYes
Year Built1954
MLS #24463489
Lot Size0.15 Acres
StatusActive

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! Now offered with Higher Rents and 2 New Vacancies. Value-Add 10-unit building with 4 Fully renovated units with permits and 2 upcoming vacancies that can be renovated and leased for $2,407 per month (Previous rents were only $808). 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. 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 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.

Property Details

Property Features

Property Information:

  • Year Built: 1954
  • Stories: 2
  • Living Area: 6,536 SqFt

Listing Office:

  • Office Name: Global Platinum Properties, Inc.
  • Office Phone: (424) 394-1030
  • Listing Agent: Armin Soleimani

Interior Features

Interior Information:

  • Appliances: Refrigerator
  • Flooring Type: Laminate

Bedroom and Bathroom Information:

  • Total Bedroom Count: 10

Exterior Features

Parking Information:

  • Attached Garage: Yes

Lot Features

Lot Information:

  • Lot Size: 0.15 Acres

Other

Directions Information:

  • Directions: Between 1st and 2nd Street. The property is accessible from Alvardo or Mountain View Streets.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,200,000
  • Price Per SqFt: $337/SqFt
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1542

151 S Mountainview Ave vs Los Angeles

3 DAYS ON ROCKET

-35 Days

$2,200,000

+$1.1M More

$337/SqFt

-$304 Less

KEY TAKEAWAY

This property is $1.1M more than the Median Sold Price and $304/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24463489

Listing Office:

  • Office Name: Global Platinum Properties, Inc.
  • Office Phone: (424) 394-1030
  • Listing Agent: Armin Soleimani

IDX 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: 11/17/2024, 12:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$11K

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,662

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-402078
4
/10

  • Union Avenue Elementary

  • 150 S Burlington Ave

  • 0.21 miles

  • Public District Grades PK-5

school-card-donut-402079
4
/10

  • N.E.W. Academy of Science and Arts

  • 379 Loma Dr

  • 0.46 miles

  • Public Charter Grades KG-5

school-card-donut-402080
4
/10

  • Rosemont Avenue Elementary

  • 421 Rosemont Ave

  • 0.49 miles

  • Public District Grades 2-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $20,649. Residents of Los Angeles, CA typically earn less than $35k each year. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 151 S Mountainview Ave

What is the listing price of this property?

The listing price of 151 S Mountainview Ave property is $2,200,000.

What type of property is this?

The property 151 S Mountainview Ave is a house located in Los Angeles, California, 90057.

Is this property for sale now?

Active Listing: 151 S Mountainview Ave is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 151 S Mountainview Ave has 10 bedrooms and 10 bathrooms.

What is the square footage of this property?

The property 151 S Mountainview Ave is 6,536 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 151 S Mountainview Ave is 1954.

Rocket Homes›California›Los Angeles County›Los Angeles›90057›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 November 14, 2024 and is currently priced at $2,200,000.

Over 598 listings were sold over their listed price in October 2024 in Los Angeles, CA. In the same period over 753 listings were sold below the listed price and 191 listings were sold for the listed price. The number of listings in Los Angeles, CA increased by 11.2% between September 2024 and October 2024. In October 2024 median list price was $1,023,474 and the average listing age was 38 days.

From Rocket Homes Real Estate and based on county public records data.

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