2405 Meadowvale Avenue

Los Angeles, CA 90031

$2,688,000

List Price

8

bed Beds

8

shower Baths

3,134 sqft

straighten / sqft

1970

calendar_month Built

Open Houses

Next available: Tuesday, January 21st, 2025 11:00 am - 1:00 pm

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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.

Listing Information

List Price $2,688,000
Status Active
MLS 25481675
Type Residential Income
Year Built 1970
Lot Size 5,003
Structure Size 3,134
DOM 1
Courtesy Of NDA Real Estate
Listing Agent Jared Goldstein DRE#02172112
Co-Listing Agent Dennis Battung DRE#01525589

Interior Features

Kitchen Information
Features Kitchen/Family Room Combo, Laminate Counters
Total Bedroom
Bedrooms 8
Bathroom Information
Features Tile Counters, Tub Shower
Total Bathroom
Bathrooms 8
Fireplace Information
Features Electric
Additional Information
Additional Features Crown Molding, Open Floorplan, Recessed Lighting

Exterior Information

Other Structures
Features Rear Porch, Front Porch, Stone

Maps

Listing information courtesy of: Jared Goldstein, Dennis Battung, NDA Real Estate 818-657-9280. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 14th, 2025 at 7:53 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.