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151 S Mountainview Street
USD 1,995,000
Property ID: 23325897
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151 S Mountainview Street ,90057
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icon 6366 SqFt
icon Built in 0001
icon USD 313/SqFt
icon 10 Beds
icon 10 Full
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Location Street View
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Interior Details
Bedrooms
10
Bathrooms
10
Interior Size
6536
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 0001
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Detailed Introduction Of This Home
Huge 400k Price Reduction! Value-Add 10-unit building with 4 fully renovated units with permits (100% occupied) in the historic Filipino Town priced at only $199k/door and $305/SF. Amazing Current Cap Rate of 6% and 11.5 GRM with an incredible 69% upside to 11.7% Cap Rate and 6.8 GRM on proforma. All units are individually metered for Electricity and gas, and tenants pay for Trash. Rare 8 vacant single CarGarages for additional income and ADU potential. Preliminary 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. 4units 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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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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Photos (19)
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151 S Mountainview Street
USD 1,995,000 10 Beds
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