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320 N Mountain View Ave, Los Angeles, CA 90026
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320 N Mountain View Ave Los Angeles, CA 90026

$3,450,000 Sold Price as of 06/17/2024
  • 14 Beds
  • 23 Baths
  • 16,401 Sq.Ft.
Sold
$3,450,000 Sold Price as of 06/17/2024 Refinance Your Mortgage
Map preview of 320 N Mountain View Ave, Los Angeles, CA 90026

Property Overview: 320 N Mountain View Ave Los Angeles, CA has 14 bedrooms, 23 bathrooms, 16,401 living square feet and 4,801 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present a nearly completed new construction fourteen (14) unit apartment building located at 319 N Westlake Avenue / 320 N Mountain View Avenue in Los Angeles, California. The subject property is located in a good South Echo Park location just a couple blocks from Echo Park Lake, south of Temple Street and east of Alvarado Street. This nearly completed new construction property contains a good unit mix of four (4) one-bedroom / one-bathroom units set aside for affordable housing, one (1) one-bedroom / one-bathroom market rate unit, seven (7) one-bedroom / one and a half-bathroom market rate units with a bonus den, and two (2) one-bedroom / two-bathroom market rate units with a bonus den. Three (3) units are penthouses on the fifth floor. The one-bedrooms featuring a den can potentially be converted to two-bedroom units. Units on the upper floors have access to impeccable views across LA including Echo Park Lake, Downtown, and Hollywood. There are 0.5 parking spaces per unit for a total of seven (7) parking spaces. This mid-rise property features luxury amenities such as access to private rooftop decks that can be rented for additional income. Tenants will love being within immediate walking distance to trendy Eastside retail, restaurant, and entertainment amenities across W Temple Street and Glendale Boulevard. Some of these amenities include Target, Bloom & Plume Coffee, Tribal Cafe, Clark Street Echo Park, Laveta, 1642 Bar, and more. Outdoor recreation is less than a mile away at Echo Park Lake, with the tennis courts available even closer to the subject property. Situated in a good South Echo Park location, this offering presents an excellent opportunity for an astute developer to capitalize on a finishing a nearly complete new construction mid-rise apartment building free from Los Angeles Rent control (subject to rent restrictions on select units).

Listed by Jason Tuvia | BRE #01772495 | Marcus & Millichap
Last checked: 2 minutes ago | Last updated: June 17th, 2024 | Source CRMLS | DOM: 0

Home details

Lot Sq. Ft
4,801
HOA Dues
$0/mo
Year built
2024
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
24405019
City
Los Angeles
County
Los Angeles
Time on Site
93 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 14
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 5
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,554
  • Total Rent: $2,554
  • Pro Forma/Market Rent: $2,554
Unit Breakdown 2
  • # of Units: 9
  • # of Beds: 1
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,156
  • Total Rent: $3,156
  • Pro Forma/Market Rent: $3,156
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 9.25%
  • Gross Rent Multiplier: 8.46
  • Gross Scheduled Income: --
  • Net Operating Income: $397,641
  • Gross Operating Income: $493,596
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 320 N Mountain View Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • No Heating
  • None
Laundry Information
  • Has Laundry
  • None
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Multi/Split
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 7
  • Has Parking
  • Parking Features: Covered, Pull-through
Lot Information
  • Lot Features: Rectangular Lot
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 14
  • Parcel Number: 5157025029
  • Year Built Source: Builder
  • Property Condition: Fixer
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: The subject property is located in a good South Echo Park location just a couple blocks from Echo Park Lake, south of Temple Street and east of Alvarado Street.
View more facts & features

Local Los Angeles Agent

Sale History for 320 N Mountain View Ave

Last sold for $3,450,000 on June 17th, 2024

  • June, 2024

  • Jun 17, 2024

    Date

    Active

    CRMLS: 24405019

    $3,450,000

    Price

  • Jun 17, 2024

    Date

    Sold

    CRMLS: 24405019

    $3,450,000

    Price

  • May, 2024

  • May 6, 2024

    Date

    Canceled

    CRMLS: 23326497

    $3,450,000

    Price

  • Oct 30, 2023

    Date

    Active

    CRMLS: 23326497

    $4,000,000

    Price

  • Listing provided courtesy of CRMLS

  • October, 2023

  • Oct 3, 2023

    Date

    Canceled

    CRMLS: 23301923

    $6,600,000

    Price

  • Aug 17, 2023

    Date

    Active

    CRMLS: 23301923

    $6,600,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present a brand-new construction fourteen (14) unit apartment building located at 319 N Westlake Avenue / 320 N Mountain View Avenue in Los Angeles, California. The subject property is located in a good South Echo Park location just a couple blocks from Echo Park Lake, south of Temple Street and east of Alvarado Street. Built in 2023, this brand new construction property contains a good unit mix of four (4) one-bedroom / one-bathroom units set aside for affordable housing, one (1) one-bedroom / one-bathroom market rate unit, seven (7) one-bedroom / one and a half-bathroom market rate units with a bonus den, and two (2) one-bedroom / two-bathroom market rate units with a bonus den. Three (3) units are penthouses on the fifth floor. The one-bedrooms featuring a den can potentially be converted to two-bedroom units. Units on the upper floors have access to impeccable views across LA including Echo Park Lake, Downtown, and Hollywood. There are 0.5 parking spaces per unit for a total of seven (7) parking spaces. This mid-rise property features luxury amenities such as access to private rooftop decks that can be rented for additional income. Tenants will love being just down the street to trendy Eastside retail, restaurant, and entertainment amenities across W Temple Street and Glendale Boulevard. Some of these amenities include Target, Bloom & Plume Coffee, Tribal Cafe, Clark Street Echo Park, Laveta, 1642 Bar, and more. Outdoor recreation is less than a mile away at Echo Park Lake, with the tennis courts available even closer to the subject property. Situated in a good South Echo Park location, this offering presents an excellent opportunity for any investor to capitalize on a brand new 2023 construction mid-rise apartment building free from Los Angeles Rent control (subject to rent restrictions on select units).

  • January, 2020

  • Jan 21, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • April, 2018

  • Apr 23, 2018

    Date

    Sold

    CRMLS: 17247132

    $740,000

    Price

  • Dec 14, 2017

    Date

    Price Change

    CRMLS: 17247132

    $740,000

    Price

  • Aug 1, 2017

    Date

    Price Change

    CRMLS: 17247132

    $720,000

    Price

  • Jul 1, 2017

    Date

    Active

    CRMLS: 17247132

    $780,000

    Price

  • Listing provided courtesy of CRMLS

    Seller Motivated and will entertain all reasonable offers. Great investment, awesome location! These units ( 2 bedrooms / 1 bath each) currently have tenants, but BOTH will be delivered VACANT a COE. Yes, these cosmetic fixers are gonna need some TLC, but once you're done you can either rent them out completely or live in one house while collecting rent from the other to help pay the mortgage. These are TWO HOUSES ON A LOT where the entrance to each home is on a completely different street (second house located on 319 Westlake Ave.). You gotta go see it in person to understand the tremendous opportunity.

  • February, 2018

  • Feb 23, 2018

    Date

    Sold (Public Records)

    Public Records

    $740,000

    Price

  • June, 2008

  • Jun 15, 2008

    Date

    Expired

    CRMLS: 12107406

    $599,000

    Price

  • Mar 18, 2008

    Date

    Active

    CRMLS: 12107406

    $639,000

    Price

  • Listing provided courtesy of CRMLS

    GREAT PROPERTY 2 ON A LOT DIFFERENT ADDRESS ONE IS LOCATED AT 320 N MOUNTAIN VIEW AVE AND THE OTHER IS LOCATED AT 319 WEST LAKE PROPERTY HAS ITS OWN ENTRANCE AND DRIVE WAY. THE PROPERTY LOCATED AT 320 MOUNTAIN HAS HARDWOOD FLOORS ALL TROUGH OUT SQ FT. 997 Rents for $1,800.00. THE PROPERTY LOCATED AT 319 WEST LAKE HAS CARPET ALL THROUGH OUT SQ. FT. 688 Rents for $1,400.00. BOTH PROPERTIES HAVE BEEN COMPLETELY REHAB. RECENT APPRAISAL APPRAISED AT: $722,442.00. GREAT INVESTMENT PROPERTY !!!

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Tax History for 320 N Mountain View Ave

Assessed Value (2020): $769,896
Year Land Value Improved Value Assessed Value
2020 $577,422 $192,474 $769,896

Home Value Compared to the Market

This property vs the competition

320 N Mountain View Ave sold on June 17, 2024 for 208.04% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $210.35 per/sqft which puts the price per square foot 70.95% lower than the current median sale per square foot for the city of Los Angeles.

About 320 N Mountain View Ave

Detailed summary of property

320 N Mountain View Ave is a multi family that recently sold in Los Angeles, CA 90026. This multi family property offered 14 bedrooms, 23 bathrooms, roughly 16,401 living square feet, and sits on an approximately 4,801 square foot lot. 320 N Mountain View Ave was first listed on ArdentRealEstateGroup.com on June 17, 2024. The homeowner sold the property for $3,450,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 208.04% higher than the current median priced home. Local homes that are currently for sale include 132 S Westmoreland Ave, 1050 S Park View St and 4071 Melrose Ave. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 320 N Mountain View Ave Los Angeles, CA 90026 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 320 N Mountain View Ave

Public county record property details
Beds
4
Baths
2
Year built
1954
Sq. Ft.
1,653
Lot Size
4,800
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
4,5
APN
5157-025-029

The source for these homes facts are from public records.

90026 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,225,000
Median List Price/Sq.Ft.
$787
Median Sold Price
$1,217,000
Median Sold Price/Sq.Ft.
$985
Total Inventory
77
Median Sale to List Price %
101.5%
Avg Days on Market
33
Loan Type
Conventional (22.22%), FHA (0%), VA (0%), Cash (11.11%), Other (0%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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