$ 2,150,000
-
$2,150,000
Price -
9
Bed -
9
Bath -
6,536
SqFt
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About the Listing CLW-X82397 - CLW-C120232,CLW-C131070,22286278,22286278
Huge Price Reduction! 10-unit building with 6 fully renovated units (2 vacant) Cash flowing at an amazing 7.7% Cap Rate from day 1 with upside to 10.4% Cap on Proforma. Fully Approved RTI plans to add 2 Attached ADUs to achieve a remarkable 9.5% Current Cap Rate, 12.2% Proforma Cap Rate, and only 202k/door after taking into account all constructions costs (~276k assuming $200/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. 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 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.
Listing Highlights for 151 S Mountainview Ave
Interior Details
- Bedrooms: 9
- Bathrooms: 9 Full
- Appliances: Refrigerator
- Air Cond:
- Heating:
- Fireplaces:
- Floor: Laminate
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 8
- Zoning: LAC2
- Roof:
- Others: 2+ Total Units
- Sewer:
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5154006009
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
151 S Mountainview Ave Los Angeles, CA 90057
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