6157 Mesa Ave - Residential Income FOR SALE


Los Angeles, CA 90042- Highland Park
$1,675,000 USD
323-810-9399
6157 Mesa Ave, Los Angeles, CA for Sale
$1,675,000 USD
Residential Income - FOR SALE
1/15
null | 4.21% Cap Rate

6157 Mesa Ave
Los Angeles, CA 90042
Highland Park


HIGHLIGHTS

  • Front Craftsman residence with open floor plan and modern upgrades.
  • Two additional remodeled units in a separate freestanding structure.
  • Stainless steel appliances and in-unit laundry in the main home.
  • Large storage units offering extra income potential.
  • Expansive 10,000+ square foot lot with R2 zoning for future development.
  • Prime Highland Park location near dining, shopping, and entertainment.

OVERVIEW

This recently renovated Highland Park property offers a compelling investment opportunity with multiple income streams and future development potential. The front Craftsman-style residence features a high-end remodel with an open floor plan, warm wood flooring, and abundant natural light. A modern kitchen with stainless steel appliances and an in-unit washer and dryer enhances convenience and tenant appeal. Behind the main home, a freestanding structure includes two additional remodeled units: a spacious two-bedroom, two-bath and a well-appointed one-bedroom, one-bath. Each unit reflects the same meticulous attention to detail and quality finishes as the primary residence. Large storage units on-site provide added functionality and potential for supplemental income. The property consists of four income-producing units: Unit 1: 3 bedrooms, 2 baths, currently rented at $3,787 (projected $3,600) Unit 2: 2 bedrooms, 2 baths, currently rented at $2,967 (projected $3,200) Unit 3: 1 bedroom, 1 bath, currently rented at $2,047.50 (projected $2,200) Unit 4: Storage unit, currently rented at $315 (projected $315) Positioned on an expansive 10,000+ square foot lot with R2 zoning, the property offers possibilities for additional units (buyer to verify). Located minutes from Highland Park’s vibrant dining, shopping, and entertainment scene, this asset combines immediate rental income with long-term upside in one of Los Angeles’ most desirable neighborhoods.

FOR SALE DETAILS

PRICE

$1,675,000 USD

PRICE/SF

$690 USD /SF

CAP RATE

4.21%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1916

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

LARD2

APN/PARCEL ID

5484-016-014

ASK ABOUT THIS PROPERTY

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323-810-9399

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323-810-9399

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