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$2,525,000

  • For Sale
  • Active
  • Multi-Family
  • 10 Total Beds
  • Updated 1 day ago
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Price Reduction! Renovated 10-unit building with plans for 6 additional units cash flowing at an amazing 6.25% Cap Rate from day 1 with upside to 8.7% Cap on Proforma. Preliminary plans to add 6 new units in the garages to achieve a remarkable 10.6% Current Cap Rate, 13% Proforma Cap Rate, and only 183k/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. 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.

Full Property Details for 151 S Mountain View Ave

General

  • Price: $2,525,000
  • Status: Active
  • Type: Multi-Family
  • Source: CLAW
  • MLS ID: 25621599
  • Updated: 1/6/2026
  • Added to Site: 53 day(s) ago

Interior

  • Flooring: Laminate, Ceramic Tile

Rooms

Bathrooms

  • Total Bathrooms: 10

Bedrooms

  • Total Bedrooms: 10

Additional Information

  • Other Features: None

Parking

  • Garage Description: Attached

Location

  • Area: Downtown L.A.
  • County: Los Angeles
  • Driving Directions: Between 1st and 2nd Street. The property is accessible from Alvardo or Mountain View Streets.

Heating & Cooling

  • Cooling Type: Ceiling Fan
  • Heating Type: Wall Electric

Structural Information

  • # Buildings: 1
  • Stories/Levels: 2
  • Square Feet: 6,536
  • Sq. Ft. Source: Vendor Enhanced
  • Year Built: 1954
  • Year Built Source: Assessor

Unit Information

  • Units in Complex: 10
  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 21

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 4

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 5

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 6

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 7

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 8

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 9

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 10

  • Total Bathrooms: 1
  • Bedrooms: 1

Additional Structures

  • Other Structures: None

Lot Features

  • Lot Size (Acres): 0.1461
  • Lot Size: 6388
  • Lot Size Source: Owner
  • Zoning: LAC2

Financial Considerations

  • Price Per Sq. Ft.: $386.32
  • Assessment Year: 1954

Disclosures and Reports

  • Disclosures/Reports: None
  • APN: 5154-006-009

Listed by Global Platinum Properties, Inc., Armin Soleimani and Global Platinum Properties, Inc., Julio Ruiz

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Listing agents

— 151 S Mountain View Ave —

  • Armin Soleimani

    Global Platinum Properties, Inc.

  • Julio Ruiz

    Global Platinum Properties, Inc.

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 151 S Mountain View Ave

School District:Los Angeles Unified School District
NameGradesDistance
Union Avenue Elementary School
150 South Burlington Avenue, Los Angeles, CA 90057
PK-50.2 mi
Sal Castro Middle School
1575 West 2nd Street, Los Angeles, CA 90026
7-80.4 mi
Belmont Senior High School
1575 West 2nd Street, Los Angeles, CA 90026
9-120.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 151 S Mountain View Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/06/2026
Price Reduced
$2,525,000
-2.7%
MLS
11/24/2025
Listed
$2,595,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Global Platinum Properties, Inc., Armin Soleimani and Global Platinum Properties, Inc., Julio Ruiz

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151 S Mountainview Ave, Los Angeles, CA 90057 (MLS# 25621599) is a Multi-Family property with units containing 10 bedrooms and 0 full bathrooms. 151 S Mountainview Ave is currently listed for $2,525,000 and was received on November 24, 2025. Want to learn more about 151 S Mountainview Ave? Do you have questions about finding other Multi-Family real estate for sale in Downtown L.A.? You can browse all Downtown L.A. real estate or contact a Coldwell Banker agent to request more information.

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