
Los Angeles, California 90042
This High-Potential Investment Opportunity is a Hybrid Multi-Unit Asset, listed at $1,395,000—positioned well below the $1,422,016 Fair Market Value by 2%. This valuation gap offers $27,016 in Instant Equity. Featuring a Condition Rating of 2, the property includes a renovated Craftsman home and two additional units on a 10,000+ sqft R2-zoned lot. With significant development upside and immediate rental income, this versatile property is ideal for Buy-and-Hold Investors or Owner-Occupants seeking long-term wealth creation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6157 Mesa Avenue Subject 6 bd · 11 ba · 2,426 sqft · $586 | $1,395,000* List Price | 6 | 11 | 2,426 | $586 | - |
A 6155 Poppy Peak Drive Sold 5 bd · 3 ba · 2,114 sqft · $539 · 0.8 mi | $1,140,000 | 5 | 3 | 2,114 | $539 | 0.8 mi |
B 1157 Toledo Street Pending 4 bd · 3 ba · 2,068 sqft · $560 · 0.4 mi | $1,159,000 List Price | 4 | 3 | 2,068 | $560 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive high-end renovation within the last 5 years. It features modern kitchens with stainless steel appliances and shaker cabinets, updated bathrooms with contemporary tile work, new wood flooring, and upgraded systems including mini-split HVAC units and recessed lighting throughout.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10002, living area = 2426.
The property features a renovated front Craftsman home plus two additional freestanding units, offering immediate rental income or a versatile owner-user setup in a high-demand neighborhood.
Situated on an expansive 10,000+ square foot R2-zoned lot, the property provides rare future development potential to add more units and increase long-term value.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 5.
Despite its prime location in Highland Park, the property lacks the hillside or city views often sought after by buyers in this specific geographic area.
With three separate residential units and additional large storage structures, the property requires more intensive management and maintenance oversight than a traditional single-family residence.
Exceptional Owner/user opportunity in the heart of Highland Park, showcasing a stunning high-end renovation with exceptional attention to detail throughout. The front Craftsman home features a beautifully designed open floor plan accented by warm wood flooring, abundant natural light, and seamless transitions between living spaces. The thoughtfully updated kitchen is outfitted with stainless steel appliances, modern finishes, and an in-unit washer and dryer, blending style and functionality effortlessly. At the rear of the property, a separate freestanding structure offers two additional beautifully remodeled units a spacious 2-bedroom, 2-bath and a well-appointed 1-bedroom, 1-bath both completed to the same impressive standard as the main residence. Additional highlights include large storage units offering excellent potential for supplemental rental income or additional utility space, as well as a charming yard that creates a warm and inviting outdoor setting. Situated on an expansive 10,000+ square foot R2-zoned lot, the property presents exciting future development potential, including the possibility of adding additional units (buyer to verify). Ideally located just minutes from the vibrant restaurants, shops, cafes, and entertainment that make Highland Park one of Los Angeles' most sought-after neighborhoods, this is a rare opportunity to own a versatile and beautifully upgraded multi-unit property with both immediate income potential and long-term upside.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 3.0 |
| Baths | 11.0 | 2.0 |
| Square foot | 2,426 | 1,670.836 |
| Lot Size | 10,002 | 6,152.156 |
| Price | $1.40M | $1.34M |
| Price per sq ft | $575 | $807 |
| Built year | 1916 | 1941 |
| HOA | $0 | $238 |
| Days on market | 38 | 56 |
Oct 2, 2026
$1,395,000
Initial Listing
Oct 24, 2017
$1,350,000
Public Record
Aug 31, 2015
$710,000
Public Record
Jan 30, 2003
$338,000
Public Record