6157 Mesa Ave 2,426 SF Specialty Building Offered at $2,331,098 CAD at a 4.21% Cap Rate in Los Angeles, CA 90042

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.