5256 Meridian Street, Los Angeles, CA 90042






Square feet


Lot Size


# Of Units

Listing Agent
Dana Coronado - Equity Union

Fantastic opportunity to purchase a quadruplex in prime Highland Park just north of the trendiest stretch of York Blvd. Situated on a tree lined street of mostly residential properties, all 4 units are 2BR+1BA and appx 675 SF each (per title). Built in 1986, the property underwent a full gut remodel in 2018-2019, in which the roof was replaced, facade updated, kitchens and baths were remodeled and stackable washer/dryers added inside the units. It is virtually a new building given the amount of work it received. The property is also not subject to the City of LA's RSO, or Rent Stabilization Ordinance (due to the 1980's construction). It is only subject to the State of CA AB1482 Rent Control, which allows 5% + CPI per year (8.8% for 2024). This is a pride of ownership property in a superb location with excellent in place rents and room to grow. Deals this good this are rare - act quickly before it's too late! With a current monthly income of $9,550, this is a trophy asset in a prime location ideal for an investor with discerning taste. All Units Have MiniSplit AC and Heat, In Unit Washer and Dryer, Stainless Steel Appliances Including Dishwasher and Microwave, 100% Copper Plumbing, Separate Gas, Electric & Hot Water Heaters, Ring Doorbells, 2 Parking Spaces, and Shared Front Yard Access. The Average Home Price in Highland Park is now $946,069 and $815/SF. Homes go into Escrow in17 days on Average. This is a Very High Barrier to Entry Neighborhood and Supply Constrained Zip Code for Purchasing a Home, Rental Property, and Especially Leasing a 2 Bedroom Apartment. Market Rent For Similarly Remodeled 2 Bedroom Apartments is $2,500/month. Less than 1 mile from Occidental College! Highland Park is a Favorite Among Young Creatives And Many Tenants Work From Home, Making Them More Likely To Rent an Apartment They Love In An Area That is Near Neighborhood Coffee Shops and Other Co-Working Friendly Establishments.

Facts & Features

MLS® # 23330817
Price $1,825,000
Bedrooms 8
Bathrooms 4.00
Square Footage 2,700
Lot Size 5,402
Year Built 1986
Type Residential Income
Status Active
# Of Units 4

Community Information

Address 5256 Meridian Street
Area 632 - Highland Park
City Los Angeles
County Los Angeles
State CA
Zip Code 90042


Parking Spaces 8
Parking Assigned, Garage, Tandem, Uncovered
Garages Assigned, Garage, Tandem, Uncovered
View None
Is Waterfront No
Has Pool No
Pool None


Interior Tile
Interior Features Recessed Lighting
Appliances Dishwasher, Disposal, Gas Oven, Microwave, Refrigerator, Washer
Has Basement No
Fireplace Yes
Fireplaces None
# of Stories 2
Stories Two


Exterior Stucco
Windows Double Pane Windows, Screens
Roof Composition, Shingle
Construction Stucco
Foundation Slab

School Information

District Los Angeles Unified

Additional Information

Date Listed November 10th, 2023
Days on Market 21
Zoning LAC4
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentDana Coronado
OfficeEquity Union

Listing Map

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