151 S Mountain View Ave, Los Angeles, CA, 90057
About This Home
3rd Price Reduction and Now with Fully Approved RTI Plans! Renovated 10-unit building with RTI plans for 6 additional units cash flowing at an amazing 6.75% Cap Rate from day 1 with upside to 9.25% Cap on Proforma. RTI plans to add 6 new units in the garages to achieve a remarkable 11.3% Current Cap Rate, 13.7% Proforma Cap Rate, and only 175k/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. RTI 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.
Getting Around
Walker's Paradise
Excellent Transit
BikeableSchools
Construction
Condition
- Year built: 1954
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Refrigerator
Bedrooms & Bathrooms
- Bedrooms: 10
- Bathrooms: 10
Features
- Flooring: Laminate,Ceramic Tile
Heating & Cooling
- Heating features: Wall Electric
- Cooling features: Ceiling Fan(s)
Interior Area
- Total structure area: 6,536
- Total interior livable area: 6,536 sqft
Property
Details
- Parcel number: 5154006009
- Zoning: LAC2
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
Lot
- Lot size: 6,364 sqft
Parking
- Total spaces: 8
- Parking features: Attached
- Has garage: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Los Angeles County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $12,110 | $145,320 |
| Home Insurance * | $344 | $4,128 |
| Property Taxes | $1,337 | $16,044 |
| Electricity | $1,401 | $16,818 |
| Total | $15,192 | $182,304 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-11 | Price change | $2,395,000 |
| 2026-04-08 | Listed for sale | $2,450,000 |
| 2026-04-03 | Listing removed | $2,450,000 |
| 2026-03-03 | Price change | $2,450,000 |
| 2026-02-03 | Listed for sale | $2,525,000 |
| 2026-02-03 | Listing removed | $2,525,000 |
| 2026-01-06 | Price change | $2,525,000 |
| 2025-11-24 | Listed for sale | $2,595,000 |
| 2025-11-18 | Listing removed | $2,150,000 |
| 2025-10-29 | Listed for sale | $2,150,000 |
| 2025-10-23 | Listing removed | $2,150,000 |
| 2025-09-24 | Price change | $2,150,000 |
| 2025-08-26 | Listed for sale | $2,195,000 |
| 2025-08-22 | Listing removed | $2,195,000 |
| 2025-07-25 | Price change | $2,195,000 |
| 2025-06-10 | Listed for sale | $2,295,000 |
| 2025-04-11 | Listing removed | $2,200,000 |
| 2025-01-07 | Listed for sale | $2,200,000 |
| 2024-11-21 | Listing removed | $2,200,000 |
| 2024-11-14 | Listed for sale | $2,200,000 |
| 2024-08-23 | Listing removed | $2,125,000 |
| 2024-08-16 | Listed for sale | $2,125,000 |
| 2024-08-13 | Listing removed | -- |
| 2024-07-18 | Listed for sale | $1,950,000 |
| 2024-07-17 | Listing removed | -- |
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