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5623 Meridian St
Los Angeles, CA 90042 Eagle Rock

$3,500,000 USD

Apartments For Sale  •  11,738 SF

Property Details

  • Property Type Apartments
  • Total Building Size 11,738 SF
  • Lot Size 0.29 AC
  • Building Class C
  • Year Built 1963
  • Zoning LAR1
41 Transit Score
88 Walk Score

Highlights

Seller financing is available at an incredible 3.80% interest-only rate, fixed until July 2032, with a loan balance of $2,175,000.
Significant upside potential in rental income.
The property is located in prime Highland Park, just steps from York Boulevard and one mile from Figueroa Street.
Investors can achieve a 6.02% cash-on-cash return from day one.
Units are large and spacious, averaging 835 square feet each.
Desirable unit mix of eight 1-bedroom/1-bath units and six 2-bedroom/2-bath units.

Public Transportation

Commuter RailDriveWalkDistance
Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 8 min - 4.4 mi
Transit/SubwayDriveWalkDistance
Highland Park Station (Gold Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 17 min 0.9 mi
AirportDriveWalkDistance
Bob Hope 24 min - 15.2 mi
Los Angeles International 34 min - 21.2 mi
Long Beach (Daugherty Field) 40 min - 26.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 6
Type: Surface
Included in Rent: Yes
Tyler Farrar 707-332-5204 KW Commercial Beverly Hills
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