Listed by Zachary Freehling of Keller Williams Beverly Hills [email protected]
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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.
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Listing Snapshot
Price
$3,500,000
Days On Site
16 Days
Bedrooms
20
Inside Area (SqFt)
11,738 sqft
Total Baths
20
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.2897 Acres
Year Built
1963
MLS® Number
25577281
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
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Recent Activity
a week ago
Listing updated with changes from the MLS®
2 weeks ago
Listing first seen on site
General Features
Acres
0.2897
Number Of Stories
2
Parking
Covered
Parking Spaces
12
Special Circumstances
Standard
SqFt Total
11738
Stories
Two
Zoning
LAR1
Interior Features
Appliances
MicrowaveRefrigerator
Heating
Wall Furnace
Interior
Ceiling Fan(s)
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Community Features
MLS Area
632 - Highland Park
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.