5623 Meridian St - Apartments FOR SALE


Los Angeles, CA 90042- Eagle Rock
$3,500,000 USD
707-332-5204
5623 Meridian St, Los Angeles, CA for Sale
$3,500,000 USD
Apartments - FOR SALE
1/16
null | 4.64% Cap Rate

5623 Meridian St
Los Angeles, CA 90042
Eagle Rock


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.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$298 USD /SF

# OF UNITS

14

PRICE/UNIT

$250,000

CAP RATE

4.64%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,618 SF

ZONING

LAR1

APN/PARCEL ID

5485-009-029

ASK ABOUT THIS PROPERTY

Tyler FarrarKW Commercial Beverly HillsMore Info
707-332-5204

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Tyler FarrarKW Commercial Beverly HillsMore Info
707-332-5204

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