5213 Meridian St 8 Unit Apartment Building $1,995,000 ($249,375/Unit) 5.33% Cap Rate Los Angeles, CA 90042

CBRE is pleased to present 5213 Meridian Street, an 8-unit multifamily property situated in the heart of Highland Park,one of Northeast Los Angeles’ most sought-after and rapidly evolving residential neighborhoods. The property offers investors a rare opportunity to acquire a well-located, income-producing asset with meaningful value-add upside in a supply-constrained submarket that has consistently outperformed the broader Los Angeles metro on occupancy and tenant demand.
Positioned on Meridian Street a block from the York Boulevard corridor, the property benefits from direct walkable access to Highland Park’s nationally recognized dining, retail, and nightlife scene, as well as seamless connectivity to Downtown LA and Pasadena via the Metro A Line. The surrounding neighborhood continues to attract a growing base of young professionals, creatives, and long-term residents drawn to the area’s authentic character, historic architecture, and urban amenity.
With in-place rents materially below current market levels, 5213 Meridian Street presents a clear path to enhanced income through natural turnover, without the execution risk of a capital-intensive repositioning strategy.