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2405 Meadowvale Avenue
USD 2,688,000
Property ID: 25481675
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2405 Meadowvale Avenue ,90031
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icon 5003 SqFt
icon Built in 1970
icon USD 537/SqFt
icon 8 Beds
icon 8 Full
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Location
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Interior Details
Bedrooms
8
Bathrooms
8
Interior Size
3134
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1970
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Detailed Introduction Of This Home
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.
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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Photos (45)
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2405 Meadowvale Avenue
USD 2,688,000 8 Beds
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