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151 S Mountain View Ave
Los Angeles, CA 90057

$2,200,000 USD

Apartments For Sale • 6,536 SF

Property Details

Property Type Apartments
Total Building Size 6,536 SF
Lot Size 0.15 AC
Building Class B
Year Built 1954
Cap Rate 7.30 %
Zoning lac2

72 Transit Score

91 Walk Score

                
                    Highlights
                
                                RTI plans to add 2 Attached ADUs in the garages
                            
                                4 fully renovated units with permits, providing immediate income and higher rents
                            
                                2 New upcoming vacancies that can be renovated and leased for a significant increase in rental income
                            
                                 Prime location with strong rental demand, making it a desirable investment opportunity
                            
                                Priced at only $220k per door and $336 per square foot, making it a great investment opportunity
                            
                                Current Cap Rate of 7.3% and GRM of 10, with potential for even greater returns on proforma

Property Flyers

Offering Memorandum

Cap Rate:

7.30 %

Amenities

24 Hour Access
Air Conditioning
Kitchen
Oven
Tub/Shower
Walk-Up
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	7 min	-	2.7 mi
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak)	5 min	-	2.7 mi
Transit/Subway	Drive	Walk	Distance
Westlake/Macarthur Park Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro))	1 min	12 min	0.6 mi
Airport	Drive	Walk	Distance
Bob Hope	21 min	-	13.0 mi
Los Angeles International	25 min	-	14.7 mi
Long Beach (Daugherty Field)	32 min	-	23.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	8
Type:	OneCarGarage
Included in Rent:	Yes

Armin Soleimani 310-666-2246 Global Platinum Properties

151 S Mountain View Ave Los Angeles, CA 90057