5428 5430 Meridian Street
Los Angeles, CA, 90042
$829,000
MLS: P1-27651
Beds
2
Baths
2
Sq Ft
1,264
Lot
0.08 ac
Year Built
1924
MLS #
P1-27651
Days on Market
0
Listed
Jun 17, 2026
Description
Live in one, let the other work for you. Tucked on a corner lot in one of Northeast LA's most sought-after neighborhoods, this 1924 California bungalow duplex offers something genuinely rare: a move-in-ready remodeled home with built-in help on the mortgage. The vacant unit was reimagined in 2022 with a light touch and a sharp eye, an open, airy layout with 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 with tiled shower and glass enclosure; new windows let the light pour in; and in-unit washer/dryer and recessed lighting round out a space that's ready from day one. Step outside to outdoor space that was actually designed to be lived in: a fire pit area anchored by concrete pavers and string lights, fresh landscaping, a front yard tree, a rear privacy hedge, and newly installed fencing and gates. The second unit is currently leased, generating income from day one, with its original character intact and meaningful upside 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 space for work, studio, or creative use. A driveway offers off-street parking, a small thing that matters enormously in this neighborhood. All of it just moments from the restaurants, coffee shops, and weekend energy of York Boulevard and Figueroa Street. Move into the remodeled unit and let Highland Park help pay for itself.
Location
Los Angeles, Los Angeles County, CA 90042
Open on Google Maps ↗Listed by: Taylor Morphy · The Agency
Payment estimate
$6,200
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $82,900 · Loan: $746,100
Average 30-yr fixed rate 6.52% as of Jun 11, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $4,726
- Property tax (1.25%)
- $864
- Homeowners insurance
- $300
- Mortgage insurance
- $311
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Jun 11, 2026
- 30-year fixed
- 6.52%
- 15-year fixed
- 5.84%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Los Angeles home with as little as 3.5% down using an FHA loan — roughly $29,015 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
See Los Angeles, CA 90042 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor — Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
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