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.
Sold for $1,725,000
$1,725,000
5256 Meridian St, Los Angeles, CA 90042
8beds
4baths
2,700sqft
MultiFamily
Built in 1986
-- sqft lot
$1,757,100 Zestimate®
$639/sqft
$2,506 Estimated rent
Home value
$1,757,100
$1.62M - $1.92M
$2,506/mo
Zestimate® history
Owner options
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$2,506/mo
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$2,506/mo
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$10,859/mo
Est. payment
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$10,859/mo
Est. payment
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Features
- Has fireplace: No
Interior area
- Total interior livable area: 2,700 sqft
Property
Lot
- Size: 5,400 sqft
Details
- Parcel number: 5478002002
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1986
Community & neighborhood
Location
- Region: Los Angeles
Price history
| Date | Event | Price |
|---|---|---|
| 4/25/2024 | Sold | $1,725,000-1.4%$639/sqft |
Source: Public Record Report a problem | ||
| 1/22/2024 | Price change | $1,750,000-4.1%$648/sqft |
Source:  CLAW #23-330817 Report a problem | ||
| 1/10/2024 | Listed for sale | $1,825,000$676/sqft |
Source: CLAW #23-330817 Report a problem | ||
| 12/12/2023 | Listing removed | -- |
Source: CLAW #23-330817 Report a problem | ||
| 11/28/2023 | Price change | $1,825,000-1.4%$676/sqft |
Source: CLAW #23-330817 Report a problem | ||
| 11/10/2023 | Listed for sale | $1,850,000+36%$685/sqft |
Source: CLAW #23-330817 Report a problem | ||
| 1/18/2018 | Sold | $1,360,000+166.7%$504/sqft |
Source: Public Record Report a problem | ||
| 10/29/2013 | Sold | $510,000$189/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $21,393 +14.7% | $1,759,500 +16% |
| 2024 | $18,648 +2% | $1,517,102 +2% |
| 2023 | $18,287 +4.9% | $1,487,356 +2% |
| 2022 | $17,436 +1.2% | $1,458,193 +2% |
| 2021 | $17,221 -1% | $1,429,602 +1% |
| 2020 | $17,397 | $1,414,944 +2% |
| 2019 | $17,397 +92.8% | $1,387,200 +90.5% |
| 2018 | $9,022 | $728,280 +2% |
| 2017 | $9,022 +2.2% | $714,000 +35.2% |
| 2016 | $8,826 +34.5% | $528,121 +1.5% |
| 2015 | $6,562 +0.8% | $520,189 +2% |
| 2014 | $6,512 | $510,000 +14.7% |
| 2012 | -- | $444,457 +2% |
| 2011 | -- | $435,743 +0.8% |
| 2010 | -- | $432,487 -0.2% |
| 2009 | -- | $433,515 +2% |
| 2008 | -- | $425,016 +2% |
| 2007 | -- | $416,683 +2% |
| 2006 | -- | $408,514 +27.3% |
| 2005 | -- | $321,000 |
| 2004 | -- | $321,000 |
| 2003 | -- | $321,000 |
| 2002 | -- | $321,000 +42.7% |
| 2000 | -- | $225,000 |
Find assessor info on the county website
Neighborhood: Highland Park
Nearby schools
GreatSchools rating
- 5/10Buchanan Street Elementary SchoolGrades: K-5Distance: 0.4 mi
- 4/10Benjamin Franklin Senior High SchoolGrades: 6-12Distance: 0.4 mi
- 7/10Luther Burbank Middle SchoolGrades: 6-8Distance: 1 mi
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Estimated market value
$1,757,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,757,100
- California
- Los Angeles County
- Los Angeles
- 90042
- Highland Park
- 5256 Meridian St
Nearby cities
Nearby neighborhoods
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