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
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,134 sqft
Price per Sqft $857
MLS Listing ID 25-481675
Style Modern
Bedrooms 8
Construction Status Updated/Remodeled
Year Built 1970
Lot Size 5,003 Sqft
Acres 0.1149
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 Silver Lake - Echo Park
Zoning LAR1
Rooms
Family Room 1
Other Rooms None
Dining Room 0
Kitchen Counter Top, Open to Family Room, Laminate Counters
Interior
Interior Features Drywall Walls, Crown Moldings, Open Floor Plan, Recessed Lighting
Heating Wall
Cooling Air Conditioning
Flooring Vinyl Plank
Fireplaces Type Electric
Equipment Microwave, Dishwasher, Refrigerator, Range/Oven, Hood Fan, Water Line to Refrigerator, Freezer
Exterior
Parking Features Assigned, Carport Detached, Uncovered
Garage Spaces 4.0
Pool None
Amenities Available None
Waterfront Description None
View Y/N No
View None
Roof Type Composition, Shingle
Handicap Access None
Building
Lot Description Fenced Yard, Yard, Landscaped, Front Yard, Back Yard
Story 2
Foundation Slab
Sewer In Street
Water Meter on Property, Water District
Architectural Style Modern
Level or Stories Two
Structure Type Stucco
Construction Status Updated/Remodeled
Schools
School District Los Angeles Unified
Others
Special Listing Condition Standard