2405 Meadowvale Avenue

Los Angeles, CA 90031

$1,682,500
Last Sold Price
8
Beds
3,136 Sq. Ft.
$537 / Sq. Ft.
3,136
Sq. Ft.
$537
per Sq. Ft.

Description

2405 Meadowvale Ave in Los Angeles CA, located in the Echo Park sub-market.The property is made up of two separate structures that each consist of (2) 2 Bedroom/1-Bathroom units totaling (4) units. 2405 Meadowvale Ave is situated in the City of Los Angeles, California, within the 90031 ZIP code area. The property has great value add opportunity with the possible addition of an ADU that will generate additional income. Buyer to conduct its own investigation to verify ADU feasibility. This property...2405 Meadowvale Ave in Los Angeles CA, located in the Echo Park sub-market.The property is made up of two separate structures that each consist of (2) 2 Bedroom/1-Bathroom units totaling (4) units. 2405 Meadowvale Ave is situated in the City of Los Angeles, California, within the 90031 ZIP code area. The property has great value add opportunity with the possible addition of an ADU that will generate additional income. Buyer to conduct its own investigation to verify ADU feasibility. This property is currently being used as a short-term rental because of its location but can be leased long-term. Three of the 4 units have had extensive renovations, including stainless steel appliances and in-unit washer/dryer. It also has the option to be sold with 3 of the 4 units fully furnished. Three of the four units are currently vacant.

Listing Agents

  1. Ray Rodriguez

    Ray Rodriguez

    Listing Agent

    Compass

    DRE #01999734

  2. Tony Zizzo

    Tony Zizzo

    Alternative Listing Agent

    Compass

    DRE #01962093

    tony.zizzo@compass.com

    P: 408.772.8661

Property Details for 2405 Meadowvale Avenue

City
LOS ANGELES
Building Type
FOURPLEX
Property Sub Type
FOURPLEX
Park Spaces Total
4

Location

Listing Courtesy of Compass, Ray Rodriguez, DRE #01999734; Compass, Tony Zizzo, DRE #01962093

Sold By Out of Area Office, RECIP, DRE #01525589

Add your commute
LISTING UPDATED: 04/17/2024 03:00 AM

Property Details for 2405 Meadowvale Avenue

StatusSold
MLS #ML81949757
Days on Market89
Taxes$19,790 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / FOURPLEX
Year Built1970
Lot Size0.11 AC / 5,003 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Ray Rodriguez, DRE #01999734; Compass, Tony Zizzo, DRE #01962093

Sold By Out of Area Office, RECIP, DRE #01525589

Add your commute

Building Information for 2405 Meadowvale Avenue

Stories-Residences4Year Built1970Building Size-Lot Size0.11 AC / 5,003 SF

Payment Calculator

$10,831 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,182

Property Taxes

$1,649

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2405 Meadowvale Avenue

Features
Utility Details
  • Cooling: Ceiling Fan(s)
  • Heating: Electric, Wall Furnace
  • Water/Sewer: Sewer System - Private
Lot / Property Details
Property Details
  • Additional Equipment: Other
  • Lot Sq Ft Apx: 5003
  • Lot Size Square Feet: 5003.0
  • Roof: Composition Shingles
  • Sq Ft Apx: 3134
  • Year Built: 1970
  • Zoning: LAR1
  • Acres: 0.11
Location Details
  • Elementary School District: Los Angeles Unified
  • FIPS Code: 06037
  • Parcel Number: 5445-016-011
  • Board ID: Datashare MLSListings
Multi Family Information
General Details
  • Units Total: 4
  • Existing Lease Terms: Month to Month, Year Lease
  • Tenant Pays: Electric, Gas
  • Financial Data Source: Owner
Income / Expense Details
  • Annual Expense Year: 32862
  • Annual Taxes $: $19,790
  • Annual Gross Sched Income: $132,600
  • Annual Rental Income: $132,600
  • Net Operating Income: $95,760
  • Annual Insurance Expense: $2,500
  • Annual Maintance Expense: $2,400
  • Annual Management Expense: $0
  • Annual Utility Expense: $5,818
  • Operating Expenses: Maintenance/Repair, Trash Removal, Utilities
Unit 1 Details
  • Bedrooms 1: 2
  • Apx Sq Ft 1: 784
  • Rent 1: 1300
Unit 2 Details
  • Bedrooms 2: 2
  • Apx Sq Ft 2: 784
  • Rent 2: 3250
Unit 3 Details
  • Bedrooms 3: 2
  • Apx Sq Ft 3: 784
  • Rent 3: 3250
Unit 4 Details
  • Bedrooms 4: 2
  • Apx Sq Ft 4: 784
  • Rent 4: 3250
Additional Information
Additional Information
  • Fireplace: No
  • High School District: Los Angeles Unified

Property History for 2405 Meadowvale Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2405 Meadowvale Avenue

Taxable ValueLand$208,804Additions$236,645Total$445,449
Tax Record2023$5,897 ($491 / month)
Home Facts
Total Finished SqFt3,134 SqFtAbove Grade Finished SqFt3,134 SqFtLot Size5,001 SqFtStyleQuadraplexYear Built1970ZoningLAR1CountyLOS ANGELESAPN5445-016-011

Schools near 2405 Meadowvale Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Dorris Place Elementary School
PublicK to 6

John Marshall Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Ray Rodriguez, DRE #01999734; Compass, Tony Zizzo, DRE #01962093

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.