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Current 7.3% Cap Rate w upside to 11% 151 S Mountain View Ave

10 Unit Block of Flats £1,749,642 (£174,964/Unit) 7.30% Net Initial Yield Los Angeles, CA 90057

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INVESTMENT HIGHLIGHTS

RTI plans to add 2 Attached ADUs in the garages
2 New upcoming vacancies that can be renovated and leased for a significant increase in rental income
Priced at only $220k per door and $336 per square foot, making it a great investment opportunity

6 fully renovated units with permits, providing immediate income and higher rents
Prime location with strong rental demand, making it a desirable investment opportunity
Current Cap Rate of 7.3% and GRM of 10, with potential for even greater returns on proforma

EXECUTIVE SUMMARY

Amazing Current Cap Rate of 7.3% and 10 GRM with 43% upside to 11% Cap Rate and 7.2 GRM on proforma! Value-Add 10-unit building with 6 Fully renovated units 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. 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 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.

Offering Memorandum

PROPERTY FACTS

Price	£1,749,642	Building Class	B
Price Per Unit	£174,964	Lot Size	0.15 AC
Sale Type	Investment	Building Size	6,536 SF
Net Initial Yield	7.30%	Average Occupancy	100%
Gross Rent Multiplier	10	Number of Floors	2
No. Units	10	Year Built/Renovated	1954/2023
Property Type	Multifamily	Parking Ratio	1.22/1,000 SF
Property Subtype	Apartment	Cross Streets	S Beverly Blvd
Apartment Style	Low Rise

Price	£1,749,642
Price Per Unit	£174,964
Sale Type	Investment
Net Initial Yield	7.30%
Gross Rent Multiplier	10
No. Units	10
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	B
Lot Size	0.15 AC
Building Size	6,536 SF
Average Occupancy	100%
Number of Floors	2
Year Built/Renovated	1954/2023
Parking Ratio	1.22/1,000 SF
Cross Streets	S Beverly Blvd