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$1,595,000

Beds
5
Baths
4.0
sq ft
2,155

6538 Meridian St, Los Angeles, CA 90042

6538 Meridian St

Los Angeles, CA 90042

  • 112 days on market
    • Price drop $54,000↓
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.

Details

Property type

Single Family Residence

Est. home value

$1,855,193

Lot size

0.2301 acres

Price per sq ft

$741

Year built

1902

Price History

04/05/2024
CLAW

CLAW #24367595

Price change
$1,595,000
-3.27%
03/12/2024
CLAW

CLAW #24367595

Listed
$1,649,000
-8.39%
03/06/2024
CLAW

CLAW #24348509

Removed
$1,799,999

Schools & Community

Neighborhood: 

Highland Park

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Goldman Sachs Bank Usa

Loan start date

September 2020

Original loan amount

$633,030

Est. remaining balance

Not provided

Interest rate

3.01%

Loan type

Building or Construction Loan

Seller

Delphic Homes Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 07/03/2024 at 8:40 AM

Listing updated: 04/18/2024 at 5:21 PM

Listed by: Ken Shapiro, Silverwood Properties Phone #: (213) 250-4404

MLS: CLAW #24367595

CLAW logo

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