The Meridian Apartments

225 N. Vermont Avenue, Los Angeles, CA 90004

Waiting List Forecast: Likely Short or None

check_circleVerified for 2023 by Lorena Bentley, Colleen Carter

Rent	Beds	Baths	SqFt
Call for Rents^†	Studio - 3 Beds	1 - 2 Baths	-

Call (213) 277-1756 Email

Waitlist Forecast

Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.

Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.

The Meridian Apartments are located in Korea Town and offer a variety of studio, 1-bedroom, 2-bedroom, and 3-bedroom floor plans. Each unit comes cable ready and includes energy efficient appliances, hardwood floors, carpeted bedrooms, window coverings, and a private patio or balcony. Community amenities include a clubhouse, bike racks, garage, BBQ area, playground, and laundry room on each floor.The Meridian is located one block away from the Vermont/Beverly Metro Red Line subway station, the Shatto Recreation Center, Virgil Elementary School, a health clinic, pharmacy, and a market.

Dave's Thoughts On The Meridian Apartments

Because The Meridian Apartments participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.

~ Dave Layfield, Founder of Affordable Housing Online

The Meridian Apartments Amenities

Playground
BBQ and Picnic Area
Computer Lab
Community Room
Clubhouse
Garage
Air Conditioning
Dishwasher
Cable Ready
Window Coverings
Refrigerator
Oven and Range
Bicycle Storage
Online Payments Accepted
Private Patios
Energy Efficient Appliances
On-Site Laundry

Units at The Meridian Apartments

Unit (Bd/Ba)	Ft²	Rent
Studio (Studio/1)	-	Call for Price^†
One Bedroom (1/1)	-	Call for Price^†
Two Bedroom (2/1)	-	Call for Price^†
Three Bedroom (3/2)	-	Call for Price^†

Income Qualification for The Meridian Apartments

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

AMI*	1 person	2 people	3 people	4 people	5 people	6 people
50% AMI for LIHTC Units	$44,150 / year	$50,450 / year	$56,750 / year	$63,050 / year	$68,100 / year	$73,150 / year
50% AMI for PBRA Units	$44,150 / year	$50,450 / year	$56,750 / year	$63,050 / year	$68,100 / year	$73,150 / year
60% AMI for LIHTC Units	$52,980 / year	$60,540 / year	$68,100 / year	$75,660 / year	$81,720 / year	$87,780 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for The Meridian Apartments

Does The Meridian Apartments have a waiting list?

The Meridian Apartments probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at The Meridian Apartments?

We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.

What property management company manges The Meridian Apartments?

The Meridian Apartments is managed by FPI Management, Inc. headquartered in Folsom, California.

In addition to The Meridian Apartments, how many other affordable housing properties (and units) are there in Los Angeles?

In addition to The Meridian Apartments, we list 1055 other affordable properties in Los Angeles. Learn about these properties here. Our data research shows that there are a total of 70531 affordable units in Los Angeles.

When was the The Meridian Apartments listing last updated?

The Meridian Apartments listing on Affordable Housing Online was last updated on 08/15/2023 by Lorena Bentley. Remember, a property's status can change so you should contact the property to confirm.