5213 Meridian St - Apartments FOR SALE


Los Angeles, CA 90042- Eagle Rock
$1,995,000 USD
626-824-4490
5213 Meridian St, Los Angeles, CA for Sale
$1,995,000 USD
Apartments - FOR SALE
1/15
null | 5.33% Cap Rate

5213 Meridian St
Los Angeles, CA 90042
Eagle Rock


HIGHLIGHTS

  • Prime Highland Park Location
  • Diverse Unit Mix
  • Significant Value-Add Upside
  • 1031 Exchange Opportunity
  • Stabilized Income with Upside
  • Supply-Constrained Submarket

OVERVIEW

CBRE is pleased to present 5213 Meridian Street, an 8-unit multifamily property situated in the heart of Highland Park,one of Northeast Los Angeles’ most sought-after and rapidly evolving residential neighborhoods. The property offers investors a rare opportunity to acquire a well-located, income-producing asset with meaningful value-add upside in a supply-constrained submarket that has consistently outperformed the broader Los Angeles metro on occupancy and tenant demand. Positioned on Meridian Street a block from the York Boulevard corridor, the property benefits from direct walkable access to Highland Park’s nationally recognized dining, retail, and nightlife scene, as well as seamless connectivity to Downtown LA and Pasadena via the Metro A Line. The surrounding neighborhood continues to attract a growing base of young professionals, creatives, and long-term residents drawn to the area’s authentic character, historic architecture, and urban amenity. With in-place rents materially below current market levels, 5213 Meridian Street presents a clear path to enhanced income through natural turnover, without the execution risk of a capital-intensive repositioning strategy.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$263 USD /SF

# OF UNITS

8

PRICE/UNIT

$249,375

CAP RATE

5.33%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,272 SF

ZONING

LAR1

APN/PARCEL ID

5479-013-019

ASK ABOUT THIS PROPERTY

Tyler RixCBREMore Info
626-824-4490

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Tyler RixCBREMore Info
626-824-4490

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.