5252 Meridian Street

    Highland Park, CA 90042
    • $1,600,000
    • STATUS: Active
    • ON SITE: 112 days
    • ID#: CV19155013
    UPDATED: 74 min ago
    $1,600,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,872
      SQFT
    • $557
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1991
    County:

    School Ratings & Info

    Description

    5252 Meridian Street, is a 4 unit building located in the desirable Highland Park area of Los Angeles, California Constructed in 1991 the property is a non rent controlled building The property consists of 4 two bedroom/one bathroom floorplans of approximately 718 square feet In addition, the units are separately metered for gas and electricity and have individual hot water heaters. Two 2 of the units have been renovated and feature new flooring throughout, granite kitchen and bathroom countertops, stainless steel range and recessed lighting The property features gated access with 4 tandem parking spaces 8 total), a concrete driveway and pitched roof. Located in Northeast Los Angeles, the property is within walking distance to some of Highland Park's trendiest eateries, shops and is in close proximity to York Retail Corridor, the Highland Park Station Metro Gold Line and Occidental College 5252 Meridian Street is nearby to many grocery markets, schools, the Arroyo Seco Regional Library and Highland Park Recreation Center. Centrally located and with easy access to the 110 freeway, the property is within minutes to the Rose Bowl, Dodger Stadium, the popular area of Old Town Pasadena and Downtown Los Angeles Boasting a Walk Score of 87 and some of LA's top Transit Scores, the property provides an attractive living opportunity for the area's demographics.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-22T22:35:50.487. 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.
    www.bestlahomefinder.com/homes/96457245

    5252 Meridian Street Highland Park, CA 90042

    • Price: $1,600,000
    • Status: Active
    • Updated: 74 min ago
    • ID#: CV19155013
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    2,872
    SQFT
    $557
    $/SQFT
    1991
    Built
    Neighborhood:
    632 - Highland Park
    County:
    Los Angeles
    Area:
    632 - Highland Park
    Property Description
    5252 Meridian Street, is a 4 unit building located in the desirable Highland Park area of Los Angeles, California Constructed in 1991 the property is a non rent controlled building The property consists of 4 two bedroom/one bathroom floorplans of approximately 718 square feet In addition, the units are separately metered for gas and electricity and have individual hot water heaters. Two 2 of the units have been renovated and feature new flooring throughout, granite kitchen and bathroom countertops, stainless steel range and recessed lighting The property features gated access with 4 tandem parking spaces 8 total), a concrete driveway and pitched roof. Located in Northeast Los Angeles, the property is within walking distance to some of Highland Park's trendiest eateries, shops and is in close proximity to York Retail Corridor, the Highland Park Station Metro Gold Line and Occidental College 5252 Meridian Street is nearby to many grocery markets, schools, the Arroyo Seco Regional Library and Highland Park Recreation Center. Centrally located and with easy access to the 110 freeway, the property is within minutes to the Rose Bowl, Dodger Stadium, the popular area of Old Town Pasadena and Downtown Los Angeles Boasting a Walk Score of 87 and some of LA's top Transit Scores, the property provides an attractive living opportunity for the area's demographics.
    Exterior Features

    Garage Spaces 0.00 Lot Features 2-5 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Laundry Features None Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 3.10 Community Features CurbsSidewalksSuburbanUrban Country Us Electric Expense 725.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 1080.00 Gross Income 80748.00 Gross Multiplier 19.81 Gross Scheduled Income 80748.00 Insurance Expense 1100.00 Land Lease YN No Laundry YN No Maintenance Expense 2500.00 Net Operating Income 49543.00 New Construction YN No New Taxes Expense 19200.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 29994.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 29994.00 Trash Expense 2568.00 Vacancy Allowance Rate 1.50 Water Sewer Expense 2821.00 Water Source Public Year Built Source Assessor Zoning Lac4

    Listing provided courtesy of David Covarrubias of Marcus & Millichap and Douglas Mccauley of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-22T22:35:50.487. 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.
     
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