6309 Meridian Street, Los Angeles, California 90042, Los Angeles, 90042 - 4 bed, 2 bath
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6309 Meridian Street
Los Angeles, California 90042
ACTIVE
CONDITION: GOOD
4Beds
2Baths
2,036Sq Ft
5,340Lot Size
Property Price
LIST PRICE$1,199,000
EST. MARKET VALUE
$1,215,201
SUMMARY
This Spanish-style duplex represents a High-Potential Investment Opportunity, listed at $1,199,000—positioned well below the $1,205,719 Fair Market Value by 0.56%. This valuation gap offers $6,719 in Instant Equity. Featuring a Good Condition Rating and Approved Plans for two additional units, the property maximizes its 5,340 sqft lot for significant rental income. With its Prime Highland Park Location and Authentic Architectural Character, this asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add property.
Estimated Market Value
$1,215,201
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6309 Meridian Street Subject 4 bd · 2 ba · 2,036 sqft · $597 | $1,199,000* List Price | 4 | 2 | 2,036 | $597 | - |
A 523 Oleander Drive Sold 3 bd · 4 ba · 1,961 sqft · $648 · 0.4 mi | $1,270,000 | 3 | 4 | 1,961 | $648 | 0.4 mi |
B 6155 Poppy Peak Drive Sold 5 bd · 3 ba · 2,114 sqft · $539 · 0.7 mi | $1,140,000 | 5 | 3 | 2,114 | $539 | 0.7 mi |
C 6565 Pickwick Street Sold 3 bd · 4 ba · 2,226 sqft · $691 · 0.3 mi | $1,537,500 | 3 | 4 | 2,226 | $691 | 0.3 mi |
D 342 Fisher Street Active Under Contract 3 bd · 3 ba · 1,592 sqft · $690 · 0.2 mi | $1,099,000 List Price | 3 | 3 | 1,592 | $690 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1932, the property underwent a significant renovation approximately 7-8 years ago (based on sales history). The kitchen features modern white shaker cabinetry, stone countertops, and stainless steel appliances. The original hardwood floors are well-maintained, and the overall condition is move-in ready, fitting the 5-15 year renovation window for a Good rating.
PROSSTRENGTHS & OPPORTUNITIES
- Significant Development Potential
The property comes with approved plans to build two additional 2-bedroom, 2-bathroom units in the oversized backyard, offering a massive value-add opportunity for investors or rental income.
- Prime Highland Park Location
Situated in one of Los Angeles' most trendy and sought-after neighborhoods, the home boasts high walkability to popular coffee shops, boutiques, and eateries.
- Authentic Architectural Character
This 1932 Spanish-style duplex features preserved historic details including original dark hardwood floors, classic arches, and French doors that enhance its aesthetic appeal and marketability.
CONSRISKS & DEFICIENCIES
- High Lot Density
With a lot size of 5,340 sqft, executing the plans for two additional units will significantly reduce private outdoor space and may result in a cramped feel for the overall site.
- Vintage Infrastructure Risks
Given the 1932 construction date, the property may require ongoing maintenance or costly upgrades to aging plumbing, electrical, and foundation systems common in homes of this era.
About 6309 Meridian Street
This fully occupied charming Spanish-style duplex is set in the heart of Highland Park, one of LAs most sought after neighborhoods. Moments to coffee shops, eateries, bars and boutiques. This rare offering showcases the perfect indoor/outdoor California lifestyle. Twin arched balconies and a citrus tree dripping with lemons set the scene. Inside you are greeted by original dark hardwood floors that carry you through sun-filled rooms with classic Spanish arches throughout. The living room opens onto a private balcony via French doors with city views perfect for morning coffee and sunset dining with a view. The dining room features a built-in bar cabinet stocked for your next dinner party. Stainless steel appliances in the storage filled kitchen along with your own separate laundry room. Light-filled home office/library nook or bedroom for the remote worker, with wall-to-wall shelving for the book collection you swear you'll finish. Off street parking showcasing an oversized backyard with approved plans to build two additional 2 bed & 2 bath units. This special property is one you will want to see in person.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1932
- Lot Size
- 5,340 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 2,036 | 1,670.836 |
| Lot Size | 5,340 | 6,152.156 |
| Price | $1.20M | $1.34M |
| Price per sq ft | $589 | $807 |
| Built year | 1932 | 1941 |
| HOA | $0 | $238 |
| Days on market | 49 | 56 |
Pricing History
Listed for Sale
Sep 21, 2026
$1,199,000
Initial Listing
Sold
May 11, 2017
$865,000
Public Record
Sold
Dec 9, 2016
$515,000
Public Record