Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    151 Mountainview Avenue, Los Angeles, CA 90057
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    151 Mountainview Avenue
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    • MLS#: 24463489 ( )
    • Street Address: 151 Mountainview Avenue
    • Viewed: 1
    • Price: $2,200,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1954
    • Bldg sqft: 0
    • Days On Market: 40
    • Additional Information
    • County: LOS ANGELES
    • City: Los Angeles
    • Zipcode: 90057
    • Provided by: Global Platinum Properties, Inc.
    • Contact: Armin Armin
    • California Regional MLS IDX
    • DMCA Notice
    • Description
      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.
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    Features
    Appliances
    1. Refrigerator
    Building Area Total
    1. 6536.00
    Country
    1. US
    Flooring
    1. Laminate
    Levels
    1. Two
    Netoperatingincome
    1. 160545.00
    Parcel Number
    1. 5154006009
    Postalcodeplus4
    1. 2221
    Sourcesystemkey
    1. 24-463489:CLAW
    Totalexpenses
    1. 51061.00
    Year Built
    1. 1954
    Year Built Source
    1. Assessor
    Zoning
    1. LAC2
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836