Seller's Agent in 2019
David Covarrubias
MARCUS & MILLICHAP
(909) 456-3400
46 Total Sales
5252 Meridian St Los Angeles, CA 90042
Estimated Value: $1,628,000 - $2,112,086
2
Beds
1
Bath
2,872
Sq Ft
$644/Sq Ft
Est. Value
About This Home
As of December 20195252 Meridian Street, is a 4 unit building located in the desirable Highland Park area of Los Angeles, California Constructed in 1991 the property is a non rent controlled building The property consists of 4 two bedroom/one bathroom floorplans of approximately 718 square feet In addition, the units are separately metered for gas and electricity and have individual hot water heaters. Two 2 of the units have been renovated and feature new flooring throughout, granite kitchen and bathroom countertops, stainless steel range and recessed lighting The property features gated access with 4 tandem parking spaces 8 total), a concrete driveway and pitched roof.
Located in Northeast Los Angeles, the property is within walking distance to some of Highland Park's trendiest eateries, shops and is in close proximity to York Retail Corridor, the Highland Park Station Metro Gold Line and Occidental College 5252 Meridian Street is nearby to many grocery markets, schools, the Arroyo Seco Regional Library and Highland Park Recreation Center. Centrally located and with easy access to the 110 freeway, the property is within minutes to the Rose Bowl, Dodger Stadium, the popular area of Old Town Pasadena and Downtown Los Angeles Boasting a Walk Score of 87 and some of LA's top Transit Scores, the property provides an attractive living opportunity for the area's demographics.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $19,559
Year Built
- Built in 1991
Lot Details
- 5,280 Sq Ft Lot
- 1 Common Wall
- Density is 2-5 Units/Acre
Home Design
- 2,872 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Location
- Urban Location
- Suburban Location
Listing and Financial Details
- Legal Lot and Block 3 / B
- Tax Tract Number 30
- Assessor Parcel Number 5478002030
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $725
- Gardener Expense $1,080
- Insurance Expense $1,100
- Maintenance Expense $2,500
- Trash Expense $2,568
- Water Sewer Expense $2,821
- New Taxes Expense $19,200
- Operating Expense $29,994
- Gross Income $80,748
- Net Operating Income $49,543
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 1, 2019
Closed on
Nov 25, 2019
Sold by
Valenzuela Christine and Valenzuela Richard
Bought by
121 W Main Street Building Llc
Seller's Agent
David Covarrubias
MARCUS & MILLICHAP
Buyer's Agent
Rick Raymundo
Marcus & Millichap
List Price
$1,600,000
Sold Price
$1,500,000
Premium/Discount to List
-$100,000
-6.25%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$349,272
Avg. Annual Appreciation
3.62%
Original Mortgage
$965,250
Interest Rate
3.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 30, 2019
Sold by
Matias Edwin and Iamport Inna
Bought by
Valenzuela Christine and Valenzuela Richard
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$965,250
Interest Rate
3.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 15, 2011
Sold by
Matias Edwin
Bought by
Matias Edwin and Lamport Inna
Purchase Details
Closed on
Jan 27, 2009
Sold by
Matias Edwin and Lamport Inna
Bought by
Matias Edwin
Purchase Details
Closed on
Jun 4, 2001
Sold by
Chen Lillian and Lue Kwok Jung
Bought by
Matias Edwin
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,500
Interest Rate
7.21%
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 121 W Main Street Building Llc | -- | First American Title Company | |
| Valenzuela Christine | $1,485,000 | First American Title Company | |
| Matias Edwin | -- | None Available | |
| Matias Edwin | -- | Investors Title Co Glendale | |
| Matias Edwin | -- | Investors Title Co Glendale | |
| Matias Edwin | $302,000 | South Coast Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Valenzuela Christine | $965,250 | |
| Previous Owner | Matias Edwin | $226,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/10/2019 12/10/19 | Sold | $1,500,000 | -6.3% | $522 / Sq Ft |
| 12/04/2019 12/04/19 | Pending | -- | -- | -- |
| 07/01/2019 07/01/19 | For Sale | $1,600,000 | -- | $557 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $19,559 | $1,624,060 | $1,137,389 | $486,671 |
| 2024 | $19,559 | $1,592,217 | $1,115,088 | $477,129 |
| 2023 | $19,180 | $1,560,998 | $1,093,224 | $467,774 |
| 2022 | $18,287 | $1,530,391 | $1,071,789 | $458,602 |
| 2021 | $18,061 | $1,500,384 | $1,050,774 | $449,610 |
| 2020 | $18,246 | $1,485,000 | $1,040,000 | $445,000 |
| 2019 | $5,089 | $397,282 | $132,425 | $264,857 |
| 2018 | $4,978 | $389,493 | $129,829 | $259,664 |
| 2016 | $4,735 | $374,371 | $124,789 | $249,582 |
| 2015 | $4,669 | $368,749 | $122,915 | $245,834 |
| 2014 | $4,709 | $361,527 | $120,508 | $241,019 |
Source: Public Records
Agents Affiliated with this Home
-
David Covarrubias
-
Douglas McCauley
Seller Co-Listing Agent in 2019
Douglas McCauley
MARCUS & MILLICHAP
(909) 456-3493
44 Total Sales
-
Rick Raymundo
Buyer's Agent in 2019
Rick Raymundo
Marcus & Millichap
(818) 219-6146
65 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV19155013
APN: 5478-002-030
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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