Highland Park, CA 90042,5256 Meridian ST

$510,000

$499,000

2.2%
Est.Price: ?

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Est. payment /mo

2,700 SqFt


SOLD DATE : 10/29/2013

Key Details

Sold Price $510,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 2,700 sqft

Price per Sqft $188

MLS Listing ID AR13199132

Sold Date 10/29/13

HOA Y/N No

Year Built 1986

Tax Year 2012

Lot Size 5,401 Sqft

Property Description

This is a terrific 4-unit investment property located in the up and coming area of Highland Park. No rent control all units are in good condition. All units are 2 bed/ 1bath, average size per unit is 675sf. Over $4k a month income with low annual expenses. Cap rate is 7.8% Property is walking distance to York Blvd., public transit, and near Occidental College. Long term tenants, with one vacant unit for owner to live in and rent out the rest.

Location

State CA

County Los Angeles

Area 632 - Highland Park

Interior

Fireplace No

Exterior

Garage Assigned

Pool None

Community Features Urban

Utilities Available Sewer Connected

Parking Type Assigned

Total Parking Spaces 8

Private Pool No

Building

Lot Description Level, Rectangular Lot

Water Public

Others

Tax ID 5478002002

Acceptable Financing Cash, Cash to New Loan, Submit

Listing Terms Cash, Cash to New Loan, Submit

Financing Conventional

Special Listing Condition Standard

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Justin & Jessica Bouzane

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California Regional MLS (CRMLS)
Listed by John Man • ManRealty.com
Bought with John Man • ManRealty.com

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Justin & Jessica Bouzane

Broker Associate | Lic# 01905244

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