Cap Rate 5.52%
Price Per SF $385
Price Per Unit $473,750
Gross Sq. Footage 4,920 SF
Year Built 1931
132 S Mountain View Ave is a unique 4-unit fully renovated, turn-key property in the heart of the Historic Filipinotown. This property is just south of the 101 which is centrally located between Echo Park, Koreatown, and Downtown. Over the last few years, this area has seen a dramatic change, with the addition of many new coffee shops, restaurants, bars and new construction housing.
This gated and secured 4-unit, two story apartment, was built in 1931; however, was completed renovated to the studs in 2015 to bring back all the charm and characteristics of the property. All the units are comprised of spacious 3 Bedroom units that provide a unique open floor plan averaging around 1,225 SqFt with new windows, flooring, kitchen, bathroom, and offering in unit washer/ dryer in each unit. Additionally, all the building systems have also been upgraded with new copper plumbing, electrical, roof, and water heaters.
Mountain View Ave represents a rare buying opportunity to acquire a fully renovated apartment that generates a healthy rental income stream, while offering favorable residential financing and easy of management property.