2405 Meadowvale Avenue
$2,688,000
8
8
3,134
3,134
$858
Open: 1/21 11:00AM - 01:00PM
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...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.
- Listed by Jared Goldstein • DRE #02172112 • Brokerage DRE #01834648 • NDA Real Estate
- Listed by Dennis Battung • DRE #01525589 • Kirela Real Estate Co
Property Details for 2405 Meadowvale Avenue
Water Front
None
ZoningLAR1
StyleModern
Cross StreetsMeadowvale Avenue and Crystal Street
Accessibility FeaturesNone
Parcel Number5445016011
Total Units4.0
Living Area3134
Open Houses
Tuesday, Jan 21st
11:00 AM - 1:00 PM
LISTING UPDATED: 01/14/2025 11:32 AM
Property Details for 2405 Meadowvale Avenue
Status | Active |
---|---|
MLS # | 25-481675 |
Days on Market | 1 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1970 |
Lot Size | 0.11 AC / 5,003 SF |
County | Los Angeles County |
Building Information for 2405 Meadowvale Avenue
Stories2Residences-Year Built1970Building Size-Lot Size0.11 AC / 5,003 SF
Property Information for 2405 Meadowvale Avenue
Property History for 2405 Meadowvale Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2405 Meadowvale Avenue
Taxable ValueLand$212,980Additions$241,377Total$454,357
Tax Record2024$6,010 ($501 / month)
Home Facts
Total Finished SqFt3,134 SqFtAbove Grade Finished SqFt3,134 SqFtLot Size5,001 SqFtStyleQuadraplexYear Built1970ZoningLAR1CountyLOS ANGELESAPN5445-016-011
Schools near 2405 Meadowvale Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Dorris Place Elementary School PublicK to 6 | ||
John Marshall Senior High School Public9 to 12 | ||
Academy of Media Arts Charter9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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