Remodeled Highland Park Duplex - SOLD

$1,275,000 

5118-5120 Meridian St

# of Units: 2

GRM: 15.18

CAP Rate: 5.08%

Price/SF: $454

Building SF: 2,808

Lot SF: 5,400

Zoning: LA[Q]C4-1XL

Year Built: 1996

Description

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?

 

Location

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!

Property Highlights

  • 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

Please Send Me More Infomation On This Listing
Call Me Today!

Tel: 310.562.9630 

Email: DMendez@kw.com

DRE #: 01746702

IncomePropertiesLA.com

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