5256 Meridian St | Los Angeles, CA 90042
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- LoopNet Team
5256 Meridian St
Los Angeles, CA 90042
Highland Park Remodeled & Non RSO 4 Units! · Multifamily Property For Sale
·
4 Units
INVESTMENT HIGHLIGHTS
- No City of LA Rent Control! (RSO) Only Subject to AB 1482 State Rent Control, 8.8% Increase for 2024 (5% + CPI)
- The Entire Property Was Remodeled (Interior and Exterior) in 2018-2019. Appx $200,000 Spent in Upgrades, Including a New Roof in 2018.
- The Average Home Price in Highland Park is now $946,069 and $815/SF. This is a Very High Barrier to Entry Neighborhood and Supply Constrained Zip Code
- This Opportunity Represents a Trophy Asset in a Prime Location, Ideal For An Investor Who Knows Quality Buildings
- Property is Just 1 Block North of York Blvd on a Mostly Residential Street. This Location Offers a 93 Walk Score, Making it a “Walker’s Paradise”
- All Units Have MiniSplits, In Unit Laundry, Stainless Appliances Incl Dishwasher & Microwave, 100% Copper Plumbing, Sep Gas & Elec Meters & Hot H20 H
PROPERTY FACTS
| No. Units | 4 | Building Size | 2,700 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1986/2018 |
| Lot Size | 0.12 AC | Parking Ratio | 2.96/1,000 SF |
| Zoning | LAC4 | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Lot Size | 0.12 AC |
| Building Size | 2,700 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1986/2018 |
| Parking Ratio | 2.96/1,000 SF |
| Zoning | LAC4 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Storage Space
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Kitchen
- Hardwood Floors
- Ice Maker
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Yard
- Dining Room
- Freezer
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | $2,375 | 675 |
PROPERTY TAXES
| Parcel Number | 5478-002-002 | Improvements Assessment | $612,000 |
| Land Assessment | $1,147,500 | Total Assessment | $1,759,500 |
PROPERTY TAXES
Parcel Number
5478-002-002
Land Assessment
$1,147,500
Improvements Assessment
$612,000
Total Assessment
$1,759,500
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