5623 Meridian Street

Los Angeles , CA 90042

MLS#: 25577281

$3,500,000

Status: Active
Listing number: 25577281
Listing provided by: Keller Williams Beverly Hills
Listing agent phone: None
Last update: 9 hours ago
New on site 1 day ago
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Property

Beds

20

Full Baths

None

1/2 Baths

None

Year Built

1963

Sq.Footage

11,738

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.

Features & Amenities

Interior

  • Other Interior Features

    Ceiling Fan(s)

  • Total Bedrooms

    20

  • Bathrooms

    N/A

  • Heating YN

    YES

  • Heating

    Wall Furnace

Exterior

  • Garage

    No

  • Parking

    Covered

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.2897

  • Property Type

    Residential Income

Price

  • Sales Price

    $3,500,000

  • Sq. Footage

    11, 738

  • Price/SqFt

    $298

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

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Location

County

Los Angeles

Elementary School

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High School

Listing Courtesy of Zachary Freehling , Keller Williams Beverly Hills

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Agent LinaMirza

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LinaMirza

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(818) 321-0175

Lina@theosrealty.com


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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.

5623 Meridian Street

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