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