5428 5430 Meridian Street, Los Angeles, CA 90042

$829,000

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List Price
$829,000
Status
ACTIVE
MLS#
P1-27650
Year Built
1924
Lot Size
3,272
Acres
0.08
Lot Location
Sprinklers None
Days on Market
44
Property Type
Multifamily
Stories
One Level
Neighborhood
Not Applicable

Property Description

A corner-lot 1924 California bungalow duplex in one of Northeast LA's most sought-after neighborhoods, one unit delivered vacant, one leased and producing, with meaningful rental upside. Charming from the street, thoughtfully upgraded where it counts, and set up to work for you from day one. The remodeled unit was reimagined in 2022 with a light touch and a sharp eye. An open, airy layout sets the tone, the kind of easy flow that feels effortlessly California. The kitchen was refreshed with new countertops, backsplash, and hardware. The bathroom got a full makeover, tiled shower, glass enclosure, clean and considered. New windows let the light pour in, and in-unit washer/dryer and recessed lighting throughout round out a space that feels genuinely move-in ready. Step outside and you'll find something increasingly rare in this city: outdoor space that was actually designed to be lived in. A fire pit area anchored by concrete pavers and string lights sets the scene for slow evenings and easy entertaining. Fresh landscaping, a front yard tree, a rear privacy hedge, and newly installed fencing and gates give the whole property a sense of arrival that feels curated, not accidental. The second unit comes with its original character intact, and meaningful upside for the right buyer who wants to put their own stamp on it over time. The detached garage has been finished into a bright, recessed-lit workspace, currently used as a home office and creative retreat, flexible bonus square footage for work, studio, or creative use. A driveway offers off-street parking, a small thing that matters enormously in this neighborhood. The vacant unit is ready for your visit; the leased side generates income from day one, with the flexibility to adapt on your timeline. All of it just moments from the restaurants, coffee shops, and weekend energy of York Boulevard and Figueroa Street. This is Highland Park living with room to grow into it.

Additional Information

Appliances
Freezer, Gas Oven, Microwave, Refrigerator, Water Heater
Pool Description
None
Heat
Wall Furnace
Cooling Description
None
View
None
Interior Features
Built-in Features, Recessed Lighting, All Bedrooms Down
Attached Structure
Attached
Gross Scheduled Income
$3,382
Operating Expense
530

Listing courtesy of Listing Agent: Taylor Morphy (taylor.morphy@gmail.com) from Listing Office: The Agency.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.