6538 Meridian Street

Los Angeles, CA 90042

$1,595,000
Price
5
Beds
4
Baths
2,155 Sq. Ft.
$740 / Sq. Ft.
2,155
Sq. Ft.
$740
per Sq. Ft.

Description

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...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.
  1. Listed by Ken Shapiro • DRE #01715663 • Brokerage DRE #01715663 • Silverwood Properties

Property Details for 6538 Meridian Street

Zoning
LARD2
Style
Craftsman
Parcel Number
5493024006
Total Units
2.0
Living Area
2155
Source Living Area
Owner
Area
Highland Park (632)
Vacancy Rate
1 unit

Location

Listing Courtesy of Silverwood Properties, Ken Shapiro, DRE #01715663
Add your commute
LISTING UPDATED: 04/26/2024 05:25 PM

Property Details for 6538 Meridian Street

StatusActive Under Contract
MLS #24-367723
Days on Market47
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1902
Lot Size0.23 AC / 10,021 SF
CountyLos Angeles County

Location

Listing Courtesy of Silverwood Properties, Ken Shapiro, DRE #01715663
Add your commute

Building Information for 6538 Meridian Street

Stories1Residences-Year Built1902Building Size-Lot Size0.23 AC / 10,021 SF

Payment Calculator

$9,729 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,705

Property Taxes

$1,024

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 6538 Meridian Street

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 1
  • Number Of Buildings: 2
  • Type Of Units: SFR
  • View: No
  • View Description: None
  • View: None
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $108,000
  • Net Operating Income: $75,600.00
  • Gross Income: $108,000
  • Cap Rate: 4.60%
  • Gross Rent Multiplier: $15.27
  • Total Annual Expense: 34400
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2301
  • Lot Size Square Feet: 10021
  • Lot Size Dimensions: 103x98
  • Source Lot Size Dimensions: Assessor
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 4
  • Open Other Spaces Total: 4
  • Parking Features: Driveway
Interior Features
Interior Features
  • Room Type: Primary Bathroom, Living Room
  • Rooms: Master Bedroom, Dining Area, Living Room
  • Levels: One
  • Fireplace Rooms: Other
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: Central Air
  • Cooling Type: Air Conditioning, Central
  • Heating: Central
  • Heating Type: Central
  • Flooring: Hardwood
  • Equipment: Garbage Disposal, Range/Oven, Refrigerator
  • Common Walls: Detached/No Common Walls
  • Laundry: In Unit
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • New Construction: No
  • Other Structures: Accessory Bldgs
Lease Terms
Lease Terms
  • Entry Date: 03-12-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,100.00
  • Unit Actual Rent: $4,100.00
  • Unit Projected Rent: $4,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $4,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $283,050.00
  • Assessed Improvement Percent: 28.19
  • Assessed Land Value: $721,140.00
  • Assessed Land Percent: 71.81
  • Assessed Total Value: $1,004,190.00

Property History for 6538 Meridian Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 6538 Meridian Street

Taxable ValueLand$721,140Additions$283,050Total$1,004,190
Tax Record2023$12,293 ($1,024 / month)
Home Facts
Beds3Total Finished SqFt1,355 SqFtAbove Grade Finished SqFt1,355 SqFtStories1Lot Size10,069 SqFtStyleSingle Family ResidenceYear Built1902ZoningLARD2CountyLOS ANGELESAPN5493-024-006

Schools near 6538 Meridian Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 12
Public - K to 5
Public - K to 5
Rating
School
Distance
Benjamin Franklin Senior High School
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Silverwood Properties, Ken Shapiro, DRE #01715663

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.