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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$3,500,000

Est. payment - /mo

20 Beds

20 Baths

11,738 SqFt

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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

HOA Y/N No

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

Interior Features Ceiling Fan(s)

Heating Wall Furnace

Fireplace No

Appliance Microwave, Refrigerator

Exterior

Parking Features Covered

Total Parking Spaces 12

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5485009029

Special Listing Condition Standard

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Listed by Zachary Freehling Keller Williams Beverly Hills

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5623 Meridian ST Los Angeles, CA 90042