Open House: Tue, Jan 21st 11:00 AM - 1:00 PM PST

Active

2405 Meadowvale Ave

Los Angeles CA, 90031

$2,688,000


$857.69 per sqft

Active

8 Beds

8 Baths

3,134 sqft

Multi-family

Built in 1970

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.

25-481675

MLS ID

January 13, 2025

Listed

January 14, 2025

Updated

Map

2405 Meadowvale Ave
Los Angeles CA, 90031

Interior Features

Total Stories

2


Bedrooms

8


Total Bathrooms

8


Interior Features

Drywall Walls, Crown Moldings, Open Floor Plan, Recessed Lighting


Appliances

Microwave, Dishwasher, Refrigerator, Range/Oven, Hood Fan, Water Line to Refrigerator, Freezer


Floor Description

Vinyl Plank


Fireplace

Yes


Fireplace Description

Electric


Cooling

Yes


Cooling Description

Air Conditioning


Heating

Yes


Heating Description

Wall

Exterior/Building Features

Lot Size

0.11 Acres


Lot Features

Fenced Yard, Yard, Landscaped, Front Yard, Back Yard


Architectual Style

Modern


Roof

Composition, Shingle


Sewer

In Street

School Information

School District

Los Angeles Unified

Other Property Details

Area Name

Silver Lake - Echo Park


Days on Market

1


Association Amenities

None


Garage

No


Parking

Assigned, Carport Detached, Uncovered


Parking Total

4


View

No


View Description

None


County

Los Angeles


Water Source

Meter on Property, Water District


Pool

No


Pool Features

None


Zoning

LAR1

Open House Schedule

Tue, Jan 21st

11:00 AM - 1:00 PM PST

Listed by Jared Goldstein with NDA Real Estate
Listing Contact: 818-657-9280 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Joshua Gaunya shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2025 Combined L.A./Westside MLS. All rights reserved.

Data last updated 1/14/2025

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