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Natalie Miranda
marketing@thewhipplegroup.com$ 3,500,000
Est. payment | /mo
20 Beds
20 Baths
11,738 SqFt
$ 3,500,000
Est. payment | /mo
20 Beds
20 Baths
11,738 SqFt
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
Listed by Zachary Freehling Keller Williams Beverly Hills
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Natalie Miranda
Marketing Director | License ID: 02122928