5623 Meridian ST Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90042
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 11,738 sqft
Price per Sqft $298
MLS Listing ID 25577281
Bedrooms 20
Year Built 1963
Lot Size 0.290 Acres
Property Description
We proudly present 5623 Meridian St. This prime Highland Park property offers incredible seller financing at 3.80% interest-only, fixed for five years, with a loan balance of $2,175,000. Featuring significant upside in rents, it delivers an attractive 6.02% cash-on-cash return from day one. Located just steps from York Boulevard and one mile from Figueroa Street, the property boasts large, spacious units averaging 835 square feet and a desirable unit mix of eight one-bedroom/one-bath and six two-bedroom/two-bath layouts, making it an exceptional investment opportunity.
Location
State CA
County Los Angeles
Area 632 - Highland Park
Zoning LAR1
Interior
Heating Wall Furnace
Exterior
Parking Features Covered
Building
Story 2
New Construction No
Others
Special Listing Condition Standard