NOT LISTED FOR SALE

5256 Meridian St Los Angeles, CA 90042

Estimated Value: $1,583,000 - $1,858,000

8 Beds
4 Baths
2,700 Sq Ft
$636/Sq Ft Est. Value

Last Sold October 29, 2013

Last sale price $510,000 $189 Per Sq Ft

Est. 237% increase in value since last sale

Current estimated payment $10,585/month

16 Days on Market

About This Home

As of October 2013

This is a terrific 4-unit investment property located in the up and coming area of Highland Park. No rent control all units are in good condition. All units are 2 bed/ 1bath, average size per unit is 675sf. Over $4k a month income with low annual expenses. Cap rate is 7.8% Property is walking distance to York Blvd., public transit, and near Occidental College. Long term tenants, with one vacant unit for owner to live in and rent out the rest.

Last Agent to Sell the Property

John Man

ManRealty.com License #01388408 Listed on: 08/26/2013

Last Buyer's Agent

John Man

ManRealty.com License #01388408 Listed on: 08/26/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,648

Year Built

  • Built in 1986

Lot Details

  • 5,400 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot
  • Level Lot

Home Design

  • 2,700 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 8 Parking Spaces
  • Parking Available
  • Assigned Parking

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 5478002002

Community Details

Overview

  • 4 Units

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,512
  • Other Expense $2,400
  • New Taxes Expense $6,375
  • Gross Income $4,155
  • Net Operating Income $39,537

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,648

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Attached: No
  • Property Type: Residential Income
  • Parcel Number: 5478002002
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 188.89

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Lot Features: Level, Rectangular Lot
  • Lot Size Sq Ft: 5400.00
  • Lot Size Acres: 0.1240

Multi Family

  • Gross Income: 4155.00
  • Gross Scheduled Income: 49860.00
  • Insurance Expense: 1512.00
  • Lot Size Area: 5400.0000 Square Feet
  • Net Operating Income: 39537.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Operating Expense: 10287.00
  • Other Expense: 2400.00
  • Other Expense Description: water&el
  • Rent Control: No

Tax Info

  • New Taxes Expense: 6375.00
  • Tax Lot: 2
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 13, 2025
Sold by
Akbar Imad and Wazir Komal
Bought by
Allylilly Residential Llc
Current Estimated Value
$1,716,924

Purchase Details

Closed on
Apr 18, 2024
Sold by
Garcia-Chi Family Trust and Garcia Andrew Thomas
Bought by
Akbar Imad and Wazir Komal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,380,000
Interest Rate
6.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 20, 2017
Sold by
Mermlk Holding Llc
Bought by
Thomas Andrew and Chi Monica So Yun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$903,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 22, 2017
Sold by
Man Johnny
Bought by
Mermlk Holding Llc

Purchase Details

Closed on
Oct 11, 2016
Sold by
Mermlk Holding Llc
Bought by
Man Johnny

Purchase Details

Closed on
Jul 28, 2015
Sold by
Nguyen San Thuy
Bought by
Mermlk Holding Llc

Purchase Details

Closed on
Jun 1, 2015
Sold by
Mermlk Holding Llc
Bought by
Nguyen San Thuy

Purchase Details

Listed on
Aug 26, 2013
Closed on
Dec 11, 2013
Sold by
Nguyen San T
Bought by
Mermlk Holding Llc
Seller's Agent
John Man
ManRealty.com
Buyer's Agent
John Man
ManRealty.com
List Price
$510,000
Sold Price
$510,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.64%

Purchase Details

Listed on
Aug 26, 2013
Closed on
Oct 22, 2013
Sold by
Bach Thuc T
Bought by
Nguyen San T
Seller's Agent
John Man
ManRealty.com
Buyer's Agent
John Man
ManRealty.com
List Price
$510,000
Sold Price
$510,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,500
Interest Rate
4.53%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 26, 2013
Closed on
Sep 12, 2013
Sold by
Lau Kennth K
Bought by
Nguyen San T
Seller's Agent
John Man
ManRealty.com
Buyer's Agent
John Man
ManRealty.com
List Price
$510,000
Sold Price
$510,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,500
Interest Rate
4.53%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Allylilly Residential Llc -- None Listed On Document
Akbar Imad $1,725,000 Lawyers Title Company
Thomas Andrew $1,360,000 Pacific Coast Title Company
Mermlk Holding Llc -- None Available
Man Johnny -- Accommodation
Mermlk Holding Llc -- Accommodation
Nguyen San Thuy -- Accommodation
Mermlk Holding Llc -- None Available
Nguyen San T -- First American Title
Nguyen San T $510,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Akbar Imad $1,380,000
Previous Owner Thomas Andrew $903,000
Previous Owner Nguyen San T $382,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/29/2013 10/29/13 Sold $510,000 0.0% $189 / Sq Ft
09/11/2013 09/11/13 Pending -- -- --
08/26/2013 08/26/13 For Sale $510,000 -- $189 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $18,648 $1,759,500 $1,147,500 $612,000
2024 $18,648 $1,517,102 $1,070,896 $446,206
2023 $18,287 $1,487,356 $1,049,899 $437,457
2022 $17,436 $1,458,193 $1,029,313 $428,880
2021 $17,221 $1,429,602 $1,009,131 $420,471
2019 $16,705 $1,387,200 $979,200 $408,000
2018 $9,022 $728,280 $520,200 $208,080
2016 $6,562 $528,121 $341,726 $186,395
2015 $6,468 $520,189 $336,593 $183,596
2014 $6,512 $510,000 $330,000 $180,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2013

    John Man

    ManRealty.com

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR13199132

California Regional Multiple Listing Service (CRMLS)

APN: 5478-002-002

California Los Angeles County Los Angeles 90042

5256 Meridian St, Los Angeles, CA

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