Remodeled Highland Park Duplex - SOLD
5118-5120 Meridian St
# of Units: 2
CAP Rate: 5.08%
Building SF: 2,808
Lot SF: 5,400
Year Built: 1996
Welcome to your next best investment. Ever wanted to live in a spacious and thoughtfully remodeled 1,400 SF apartment and rent out the equally hip 2nd unit to help pay your mortgage? Here's your chance! This is a rare opportunity to invest in one of LA's hottest locations at an incredible value.
Built in 1996 and fully remodeled in 2018, each apartment is 3 Bedrooms + 1.5 Baths with in-unit washer and dryers, wood floors & countertops, stainless appliances, bright and fresh finishes and fixtures, patios for both units, a rear pergola for relaxing, 4 rear parking spaces, and LAC4 zoning - so possibility to add units later! And no rent control! Does it get any better?
Nestled in the heart of Highland Park only one block from York Blvd and N Ave 51 this property is surrounded by a wide array of local amenities! Enjoy a delicious espresso at The Highland Café, a laid-back coffee shop serving inventive egg dishes with a warm brick interior. Check out some of the unique and interesting art at the MorYork Gallery after a Ramen lunch at the Ramen of York restaurant. Head over to the Hi Hat for some live music while bar hopping through some of LA’s hottest bars on York Blvd. Whether it is the traditional flare of local favorites like El Huarache Azteca or La Fuente Restaurant or the modern additions like The York, Donut Friend or Sonny’s Hideaway, Highland Park has something for everyone and this location gives you access to it all!
2 Units | 2,808 SF | 5,400 SF Lot
Built in 1996 | Renovated 2018 | Zoned LA[Q]C4-1XL
Huge Potential Rents at $3,500/Per Unit
Delivered 100% Vacant
Minutes to York Blvd, Figueroa St, and Occidental College
Completely Renovated Inside and Out
Brand New Flooring, Lighting Fixtures, Cabinetry, and Appliances
Modern Look and Style
Amazing Location in Happening Highland Park
Walk Score of 86
Close Proximity to Many Great Stores and Delicious Eateries