For Sale

Listed by Dana Coronado

Source: Combined LA Westside Multiple Listing Service, Inc #23330817

5256 Meridian St, Los Angeles, CA, 90042

$1,750,000

8
4
8
2700 sq. ft.
5402 sq. ft.

Other

30+ days on the market

What's around 5256 Meridian St

About this property

Fantastic opportunity to purchase a 5% CAP rate 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 in 17 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.

Looking for more information on 5256 Meridian St?

Explore comparables, sales history and growth for this property.
Learn more

Other properties for sale by Equity Union

For Sale
$2,195,000
4650 Ellenita Avenue
Los Angeles CA 91356
4
4
Single-Family
Listing courtesy of Equity Union
For Sale
$349,000
J/7312 Corbin Avenue
Los Angeles CA 91335
1
1
2
Condo
Listing courtesy of Equity Union
For Sale
$3,180,000
10 Holster Lane
Bell Canyon CA 91307
5
6
3
Single-Family
Listing courtesy of Equity Union

Browse properties sold in nearby areas

The multiple listings information is provided by The MLS/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 The MLS/CLAW. All Rights Reserved. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under MLS GRID IDX Rules Updated September 16, 2024 7 U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to: dmca@ratemyagent.com

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Email
© 2026 RateMyAgent