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2405 Meadowvale Avenue

Los Angeles, CA 90031

– beds
– baths
– sqft
5,003 sqft lot
1970 build
– on site

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 CRMLS_CA / Jared Goldstein / NDA Real Estate

Last checked: Checking… • Last updated Jan 21, 2025 •

MLS# 25481675 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1970
New Construction:

No
Construction Materials:

Stucco
Building Area Total:

3134.00
Total Number Of Units:

4
# of Buildings:

2
Architectural Style:

Modern
Roof:

Composition, Shingle
Foundation:

Slab
Stories Total:

2
Accessibility Features:

None
Faces:

East
# of Separate Gas Meters:

4
# of Separate Water Meters:

4
# of Separate Electric Meters:

4

Interior

Features:

Crown Molding, Open Floorplan, Recessed Lighting
Levels:

Two
Entry Location:

Ground Level w/steps
Door Features:

Sliding Doors
Window Features:

Double Pane Windows
Room Type:

Living Room, Family Room
Fireplace:

Yes
Fireplace:

Electric

Location

Directions:

Exit Fletcher Dr onto Riverside Drive. Make a left onto Meadowvale Ave.
Latitude:

34.09146200
Longitude:

-118.23327700

The Property

Property Type:

Residential Income
Property Condition:

Updated/Remodeled
Zoning:

LAR1
Lot Features:

Yard, Landscaped, Front Yard, Back Yard
Lot Size Area:

5003.0000
Lot Size Acres:

0.1149
Lot Size SqFt:

5003.00
View:

None
Security Features:

Carbon Monoxide Detector(s), Smoke Detector(s)

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5445016011

Heating & Cooling

Heating:

1
Heating:

Wall Furnace

Utilities

Sewer:

Other

Appliances

Appliances:

Dishwasher, Microwave, Refrigerator, Oven, Gas Oven, Electric Cooktop, Gas Cooktop
Included:

Yes

The Community

Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No
Spa Features:

None
Assessments:

No

Parking

Parking:

Yes
Parking:

Assigned, Detached Carport, Uncovered
Parking Spaces:

4.00
Uncovered Spaces:

4.00
Carport Spaces:

4.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
1/13/25 Jan 13, 2025	Listed / Active	CRMLS_CA	$2,688,000	59.8%
4/15/24 Apr 15, 2024		BRIDGE	$1,682,500	2.0%
3/13/24 Mar 13, 2024		BRIDGE	$1,650,000

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This multifamily located in Central LA, Los Angeles, CA 90031 is currently for sale for $2,688,000. 2405 Meadowvale Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 8 days. 2405 Meadowvale Avenue is in the Central LA neighborhood of Los Angeles and has a WalkScore® of 25, making it car-dependent. This multifamily is in the attendance area of John Marshall Senior High, Dorris Place Elementary School, and Washington Irving Magnet Middle School.

Listing Courtesy of: CRMLS_CA and NDA Real Estate. Based on information from California Regional Multiple Listing Service, Inc. as of 19:57 on Jan 21.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.