5623 Meridian Street Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90042
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 11,738 sqft
Price per Sqft $298
MLS Listing ID CL25577281
HOA Y/N No
Year Built 1963
Lot Size 0.290 Acres
Acres 0.29
Property Sub-Type Other
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
Zoning LAR1
Interior
Heating Wall Furnace
Fireplace No
Building
New Construction No
Others
Tax ID 5485009029