6538 Meridian St, Los Angeles, CA 90042
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6538 Meridian St Los Angeles, CA 90042

$1,595,000
  • 5 Beds
  • 4 Baths
  • 2,155 Sq.Ft.
For Sale
$1,595,000 Get Pre-Qualified

Map preview of 6538 Meridian St, Los Angeles, CA 90042

Property Overview: 6538 Meridian St Los Angeles, CA has 5 bedrooms, 4 bathrooms, 2,155 living square feet and 10,021 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Public Remarks: New Broker, new price, new everything! This amazing two-on-a-lot is finally priced to sell, and sell it will.... very rapidly, so don't miss out. So many options here. You can rent them both for a lot of income. Or, more likely, live in one and rent the other. The photos are in sequence so you are first seeing the front unit and then the rear unit. The front unit has fewer bedrooms (two as opposed to three) but is larger than the rear unit. If 3 bedrooms is not a must for you, then this one would most likely become the owner's unit. Doesn't have a back yard, but has a massive front yard that acts like a back yard, which it is currently serving very nicely for the young children of the existing tenants. If one wanted to vacate that one and take it over as the new owner, there is a pretty easy pathway to do so within the housing department regulations. Your agent will know about it, or they can ask me if they do not. The rear unit (ADU) is brand new construction and quite architectural, with high ceilings, etc., as one can see in the photos. Depending on taste, one might want to make that the owner's unit. Or, it will be great to rent out and get at least $4500/mo for it. Either one of these dwellings will easily fetch that amount of rent (front is currently paying $4100/mo but that is a bit below market; rear dwelling is vacant and easy to show.) As far as location you are right on the border of the Garvanza District and Arroyo Estates, both of which are probably the most coveted of all Highland Park locations. This stretch of Meridian St in particular has lots of trees and lots of very pretty homes. There is tons of parking for both dwellings and there is a 400 foot structure in the northwest corner of the property that would be amazing for an office, studio or rec room. Don't wait. Come check it out right now.

Listed by Ken Shapiro | BRE #01715663 | Silverwood Properties
Last checked: 8 minutes ago | Last updated: April 14th, 2024 | Source CRMLS | DOM: 39
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Home details

Lot Sq. Ft
10,021
HOA Dues
$0/mo
Year built
1902
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24367723
City
Los Angeles
County
Los Angeles
Time on Site
51 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $4,100
  • Total Rent: $4,100
  • Pro Forma/Market Rent: $4,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.6%
  • Gross Rent Multiplier: 15.27
  • Gross Scheduled Income: --
  • Net Operating Income: $75,600
  • Gross Operating Income: $108,000
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 6538 Meridian St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Room Information
  • Flooring: Wood
  • Primary Bathroom, Living Room
Kitchen Information
  • Has Appliances
  • Disposal, Refrigerator
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Driveway
Lot Information
  • Lot Size Source: Assessor
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 5493024006
  • Year Built Source: Assessor
  • Architectural Style: Craftsman
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: See Google Maps
View more facts & features

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Sale History for 6538 Meridian St

View property's historical transactions
  • March, 2024

  • Mar 11, 2024

    Date

    Active

    CRMLS: 24367723

    $1,649,000

    Price

Tax History for 6538 Meridian St

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

6538 Meridian St is listed 30.2% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $740.14 per/sqft which puts the price per square foot 4.37% lower than the median price per square foot for the city of Los Angeles.

About 6538 Meridian St

Detailed summary of property

6538 Meridian St is a multi family located in Los Angeles, CA 90042 and is currently for sale. This multi family property offers 5 bedrooms, 4 bathrooms, roughly 2,155 living square feet, and sits on an approximately 10,021 square foot lot. 6538 Meridian St was first listed on ArdentRealEstateGroup.com on March 12, 2024. The homeowner is currently asking $1,595,000 and was originally asking $1,649,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 30.2% higher than the median priced home. Local competing homes currently for sale include 4312 Division St, 3900 Berenice Pl and 1063 N Summit Ave. While the average home in Los Angeles, CA is selling in 96 days, 6538 Meridian St has a days on market of 39 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 6538 Meridian St Los Angeles, CA 90042 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 6538 Meridian St

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

The source for these homes facts are from public records.

90042 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$999,000
Median List Price/Sq.Ft.
$721
Median Sold Price
$1,000,000
Median Sold Price/Sq.Ft.
$858
Total Inventory
90
Median Sale to List Price %
125.16%
Avg Days on Market
32
Loan Type
Conventional (31.25%), FHA (6.25%), VA (0%), Cash (12.5%), Other (12.5%)

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Related Resources to 6538 Meridian St

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.