132 S MOUNTAIN VIEW Avenue, Los Angeles, CA 90057
Property · 2 recorded sales since 2020
Sold March 2022
Listing Agent: Kamfar Kyle Mirrafati (DRE #01911204) · Listing Office: Matthews Real Estate Investment Services · Contact: 866-889-0550 · Bought with: Michelle Yoon · Realty One Group Diamond · MLS #22132261 · Source: CRMLS
About this property
5.39% CAP Rate on in Place Rents! 132 S Mountain View Avenue is a unique 4-unit fully renovated, turn-key property in the heart of the Historic Filipinotown. This gated and secured, 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, bathrooms, 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. This is an extremely easy building to manage with low operating expenses; tenants paying for gas, electric, and trash with individual water heaters in each unit. This is a rare buying opportunity to acquire a fully renovated apartment that generates a healthy rental income stream, while offering favorable residential financing.
Listing description from the March 2022 sale, as reported to CRMLS.
Sale history
