2405 Meadowvale AVE Open House Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90031
OPEN HOUSE
Tue Jan 21, 11:00am - 1:00pm
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,134 sqft
Price per Sqft $857
MLS Listing ID 25481675
Bedrooms 8
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1970
Lot Size 5,005 Sqft
Property Description
Embrace LA's most coveted emerging neighborhood with this beautifully redeveloped 4-unit property in the heart of Frogtown. This vibrant riverside community has seen property values skyrocket since 2017, yet remains poised for unprecedented growth with less than 20% of its residential sector developed to modern standards.Each unit has been completely transformed into spacious 2-bed/2-bath layouts, featuring newly installed central heating and air conditioning, energy-efficient windows, and designer kitchens with premium appliances. Modern vinyl plank flooring flows throughout, complemented by fresh interior and exterior paint. A distinctive touch: individually colored entry doors matching dedicated parking spaces enhance the property's artistic curb appeal, resonating with Frogtown's creative character.Annual gross rental income approaches $200,000, with a strong 5.7% cap rate. The versatile 2-bed/2-bath configurations attract quality long-term tenants, from young professionals to small families. Located minutes from downtown LA, Dodger Stadium, and Silver Lake, residents enjoy easy access to major freeways while being steps from the LA River's extensive bike paths.The neighborhood's evolution continues as recent data shows local household incomes climbing 11.9% in 2022, as the area draws increasingly affluent residents. This turnkey investment combines immediate strong returns with substantial upside potential in one of LA's most dynamic emerging neighborhoods.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Zoning LAR1
Interior
Interior Features Crown Molding,Open Floorplan,Recessed Lighting
Heating Wall Furnace
Fireplaces Type Electric
Fireplace Yes
Appliance Dishwasher,Electric Cooktop,Gas Cooktop,Gas Oven,Microwave,Oven,Refrigerator
Exterior
Parking Features Assigned,Detached Carport,Uncovered
Carport Spaces 4
Pool None
View Y/N No
View None
Roof Type Composition,Shingle
Accessibility None
Porch Rear Porch,Front Porch,Stone
Attached Garage No
Total Parking Spaces 4
Private Pool No
Building
Lot Description Back Yard,Front Yard,Landscaped,Yard
Faces East
Story 2
Entry Level Two
Foundation Slab
Sewer Other
Architectural Style Modern
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled
Schools
School District Los Angeles Unified
Others
Senior Community No
Tax ID 5445016011
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Special Listing Condition Standard