2405 Meadowvale Avenue, Los Angeles, CA 90031
  • MLS#: 25481675 ( )
  • Street Address: 2405 Meadowvale Avenue
  • Viewed: 2
  • Price: $2,688,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1970
  • Bldg sqft: 0
  • Days On Market: 189
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90031
  • Provided by: NDA Real Estate
  • Contact: Jared Jared
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
Property Location and Similar Properties
Request More Information
  • All fields are required.
Contact Patrick Adams
Contacting Patrick Adams
  • All fields are required.
Schedule A Showing
Schedule a Showing.
  • All fields are required.
Features
Accessibility Features
  1. None
Appliances
  1. Dishwasher
  2. Microwave
  3. Refrigerator
  4. Oven
  5. Gas Oven
  6. Electric Cooktop
  7. Gas Cooktop
Architectural Style
  1. Modern
Building Area Total
  1. 3134.00
Carport Spaces
  1. 4.00
Construction Materials
  1. Stucco
Country
  1. US
Direction Faces
  1. East
Door Features
  1. Sliding Doors
Entry Location
  1. Ground Level w/steps
Fireplace Features
  1. Electric
Foundation Details
  1. Slab
Heating
  1. Wall Furnace
Interior Features
  1. Crown Molding
  2. Open Floorplan
  3. Recessed Lighting
Levels
  1. Two
Lot Features
  1. Yard
  2. Landscaped
  3. Front Yard
  4. Back Yard
Netoperatingincome
  1. 152000.00
Parcel Number
  1. 5445016011
Parking Features
  1. Assigned
  2. Detached Carport
  3. Uncovered
Pool Features
  1. None
Postalcodeplus4
  1. 1112
Property Condition
  1. Updated/Remodeled
Roof
  1. Composition
  2. Shingle
Security Features
  1. Carbon Monoxide Detector(s)
  2. Smoke Detector(s)
Sewer
  1. Other
Sourcesystemkey
  1. 25-481675:CLAW
Spa Features
  1. None
Tenant Pays
  1. Gas
  2. Insurance
  3. Electricity
Totalexpenses
  1. 39500.00
Uncovered Spaces
  1. 4.00
View
  1. None
Window Features
  1. Double Pane Windows
Year Built
  1. 1970
Zoning
  1. LAR1