2405 Meadowvale Avenue

Los Angeles, CA 90031

$2,688,000
Price
8
Beds
8
Baths
3,134 Sq. Ft.
$858 / Sq. Ft.
3,134
Sq. Ft.
$858
per Sq. Ft.

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.
  1. Listed by Jared Goldstein • DRE #02172112 • Brokerage DRE #01834648 • NDA Real Estate
  2. Listed by Dennis Battung • DRE #01525589 • Kirela Real Estate Co

Property Details for 2405 Meadowvale Avenue

Water Front
None
Zoning
LAR1
Style
Modern
Cross Streets
Meadowvale Avenue and Crystal Street
Accessibility Features
None
Parcel Number
5445016011
Total Units
4.0
Living Area
3134

Open Houses

Tuesday, Jan 21st

11:00 AM - 1:00 PM

Public

LISTING UPDATED: 01/14/2025 11:32 AM

Property Details for 2405 Meadowvale Avenue

StatusActive
MLS #25-481675
Days on Market1
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1970
Lot Size0.11 AC / 5,003 SF
CountyLos 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

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 4
  • Amenities: None
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: 4
  • View: No
  • View Description: None
  • View: None
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector
  • Direction Faces: East
  • Property Condition: Updated/Remodeled
  • Water: Meter on Property, Water District
  • Sewer: In Street
  • Water Heaters: Yes
  • ADA Compliance: No
  • Additions Alterations: No
  • Water Heater Features: Tankless, Central Water Heater
  • Water District: LADWP
  • Building Permit: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $152,000
  • Net Operating Income: $152,000.00
  • Gross Income: $192,000
  • Cap Rate: 5.70%
  • Gross Rent Multiplier: $14.06
  • Actual Annual Gross Rent: $192,000.00
  • Owner Pays: Gardener
  • Total Annual Expense: 39500
Land / Lot Info
Land / Lot Info
  • Alley: No
  • Paved: Yes
  • Lot Acreage: 0.1149
  • Lot Size Square Feet: 5003
  • Lot Features: Yard, Landscaped, Front Yard, Back Yard
  • Lot Description: Fenced Yard, Yard, Landscaped, Front Yard, Back Yard
  • Lot Location: None
Parking Details
Parking Details
  • Parking Garage: Assigned, Carport Detached, Uncovered
  • Total Parking: 4
  • Open Other Spaces Total: 4
  • Carport Spaces Total: 4
  • Parking Features: Assigned, Detached Carport, Uncovered
  • Attached Garage: No
Interior Features
Interior Features
  • Room Type: Living Room, Family Room
  • Rooms: Dining Area, Living Room, Family Room, Primary Bedroom
  • Levels: Two
  • Fireplace Features: Electric
  • Fireplace Rooms: Electric
  • Den: No
  • Family Room: 1
  • Dining Room: 0
  • Cooling Type: Air Conditioning
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Vinyl Plank
  • Equipment: Microwave, Dishwasher, Refrigerator, Range/Oven, Hood Fan, Water Line to Refrigerator, Freezer
  • Interior Features: Drywall Walls, Crown Moldings, Open Floor Plan, Recessed Lighting
  • Room Kitchen Features: Kitchen Open to Family Room, Laminate Counters
  • Kitchen Features: Counter Top, Open to Family Room, Laminate Counters
  • Room Bathroom Features: Tile Counters, Shower in Tub
  • Bathroom Features: 2 Primary Baths, Tile, Shower and Tub
  • Bedroom Features: 2 Primary Bedrooms, Primary Bedroom
  • Common Walls: Attached
  • Cooking Appliances: Electric, Microwave, Oven, Oven-Gas, Cooktop - Electric, Cooktop - Gas
  • Disability Access: None
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Composition, Shingle
  • Sprinklers: None
  • Door Features: Sliding Doors
  • Patio Features: Rock/Stone, Porch - Front, Porch - Rear
  • Entry Location: Ground Level w/steps
  • Windows: Double Pane Windows
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Foundation Details: Slab
  • Other Structural Features: Sliding Glass Doors, Energy Efficient
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-13-2025
  • Rent Control: No
  • Tenant Pays: Gas, Insurance, Air Cond/Heat Maint, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 4
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $4,000.00
  • Unit Actual Rent: $16,000.00
  • Unit Projected Rent: $16,000.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106
  • Number of Carpet: 0
  • Number of Dishwasher: 4
  • Number of Disposal: 4
  • Number of Drapes: 0
  • Number of Electric Meters: 4
  • Number of Gas Meters: 4
  • Number Leased: 0
  • Number Patio: 3
  • Number Range: 4
  • Number Refrigerator: 4
  • Number Rented Garages: 0
  • Number Wall AC: 4
  • Number Water Meters: 4
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $236,645.00
  • Assessed Improvement Percent: 53.13
  • Assessed Land Value: $208,804.00
  • Assessed Land Percent: 46.87
  • Assessed Total Value: $445,449.00
  • Private Transfer Taxes: No

Property History for 2405 Meadowvale Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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2405 Meadowvale Avenue is a multi-family home for sale in Los Angeles, CA 90031. This property was listed for sale on January 13, 2025 by NDA Real Estate, it's currently listed at $2,688,000. It has been on the market for a total of 1 days and was last sold on April 15, 2024. This listing's school district is Los Angeles Unified School District. Nearby schools include Dorris Place Elementary School, Washington Irving Mid School Math Music and Engr Magnet and John Marshall Senior High School. 2405 Meadowvale Avenue is a 8-bed, 8-bath, 3,134 sqft multi-family home built in 1970.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of NDA Real Estate, Jared Goldstein, DRE #02172112; Kirela Real Estate Co, Dennis Battung, DRE #01525589

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.