Highland Park Multifamily Investment Opportunity

Meridian Street, Los Angeles, CA 90042

View on Map

For Sale

$3,500,000

Prime Highland Park property with attractive financing and cash flow.

Type:Commercial

Property size:

11,738 SF

Lot size:

0.29 Acres

Price / SF:

$298/SF

HighLights

Incredible seller financing at 3.80% interest‑only, fixed for five years, with a loan balance of $2,175,000.
Attractive 6.02% cash‑on‑cash return from day one.
Significant upside in rents.
Desirable unit mix of eight one‑bedroom/one‑bath and six two‑bedroom/two‑bath layouts.
Large, spacious units averaging 835 square feet.
Prime Highland Park location, steps from York Boulevard and one mile from Figueroa Street.

We can help!

Listing Contact

ZACHARY FREEHLING

Learn more

For Sale

$3,500,000

Prime Highland Park property with attractive financing and cash flow.

Type:Commercial

Property size:

11,738 SF

Lot size:

0.29 Acres

Price / SF:

$298/SF

Added:: Aug 12, 2025
Days on Market:: 302
Last Refresh:: Apr 5 at 8:50 pm

Property Features for Meridian Street

General Information

Standard status: Active
Size: 11,738 SF
Lot size: 0.29 Acres
Property subtype: Commercial

Building Details

Year Built: 1963

We can help!

Listing Contact

ZACHARY FREEHLING

Listing agent ZACHARY FREEHLING License #01879326

Listing office KELLER WILLIAMS BEVERLY HILLS

Listing date Aug 12, 2025

Source Corcoran

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of KELLER WILLIAMS BEVERLY HILLS

HighLights

Incredible seller financing at 3.80% interest‑only, fixed for five years, with a loan balance of $2,175,000.
Attractive 6.02% cash‑on‑cash return from day one.
Significant upside in rents.
Desirable unit mix of eight one‑bedroom/one‑bath and six two‑bedroom/two‑bath layouts.
Large, spacious units averaging 835 square feet.
Prime Highland Park location, steps from York Boulevard and one mile from Figueroa Street.

Overview

Located in Highland Park, this property at Meridian Street offers an investment opportunity with seller financing available at 3.80% interest-only, fixed for five years, with a loan balance of $2,175,000. The property features upside in rents and delivers a 6.02% cash-on-cash return. Situated steps from York Boulevard and one mile from Figueroa Street, the property contains large units averaging 835 square feet. The unit mix includes eight one-bedroom/one-bath and six two-bedroom/two-bath layouts. The property size is 11738 square feet.

Location Intelligence

Current Use by Public Records

Apartment buildings

Map

City: Los Angeles
County: Los Angeles
State: California
Longitude: -118.209
Latitude: 34.1226

Nearby Similar for Sale

$2,600,000

10,944 SF

Los Angeles Commercial Investment Opportunity

Prime investment property in the heart of the Fashion District.

1212 S San Pedro Street, Los Angeles, CA 90015

View Details
$950,000

3,040 SF

Los Angeles Industrial Owner-User Opportunity

Rare industrial building in central Los Angeles, ideal for owner-users.

1915 S Santa Fe, Los Angeles, CA 90021

View Details
$1,199,999

2,526 SF

Los Angeles Retail Opportunity

Single-tenant retail asset with high visibility and growth potential.

4254 Floral, Los Angeles, CA 90063

View Details
$3,990,000

8,688 SF

Prime Automotive Land in Los Angeles

Six parcels with buildings in established automotive corridor.

125 E Florence Ave, Los Angeles, CA 90003

View Details
$1,175,000

1,617 SF

Eagle Rock Commercial/Residential Opportunity

Commercially zoned property in Eagle Rock, ideal for live/work.

1063 Colorado, Los Angeles, CA 90041

View Details
$2,099,000

10,233 SF

Multifamily Property in Boyle Heights

12-unit multifamily property in prime Boyle Heights, Los Angeles.

117 N St Louis, Los Angeles, CA 90033

View Details
$1,999,000

12,306 SF

Los Angeles Multifamily Investment Opportunity

Classic 11-unit Spanish Colonial near Downtown Los Angeles.

2375 W 12th St, Los Angeles, CA 90006

View Details
$2,295,000

10,492 SF

Highland Park Multifamily Value-Add Opportunity

14-unit apartment building in a sought-after Los Angeles location.

820 Chestnut Ave, Los Angeles, CA 90042

View Details
$895,000

3,372 SF

Four-Unit Residential Income Property

Four-unit building with ample rear parking, including three 1-bedroom units and a 3-bedroom delivered vacant at close.

1467 W Vernon, Los Angeles, CA 90062

View Details
$1,556,000

3,999 SF

Adjacent 11-Unit Residential Income Properties

Two adjacent multifamily buildings with 11 units on an LAR4-zoned lot, offering income and development flexibility.

964 S New Hampshire Ave, Los Angeles, CA 90006

View Details
$2,334,000

3,786 SF

Apartment Income Property with Covered Parking

Two adjacent apartment buildings with 11 total units, covered parking, and LAR4 zoning sold concurrently.

968 S New Hampshire Ave, Los Angeles, CA 90006

View Details
$2,900,000

7,300 SF

Modern Multifamily Community in Los Angeles

Newly constructed five-unit multifamily property in Pico-Union, Los Angeles.

1724 Menlo Avenue, Los Angeles, CA 90006

View Details

For sale
Apartment buildings
CA
Los Angeles
90042
Meridian Street

What type of property is this?

Apartment building - Prime Highland Park property with attractive financing and cash flow.

Where is this apartment building located?

The property is located at Meridian Street Los Angeles, CA.

What is the asking price?

The asking price for this property is $3,500,000.

What are key features of this property?

This property features: Incredible seller financing at 3.80% interest‑only, fixed for five years, with a loan balance of $2,175,000.; Attractive 6.02% cash‑on‑cash return from day one.; Significant upside in rents.