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Ernie Caponera

ernie@newport-properties.com +1(714) 606-0926

$2,688,000

Est. payment - /mo

8 Beds

8 Baths

3,134 SqFt

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OPEN HOUSE

Tue Jan 21, 11:00am - 1:00pm

UPDATED:

01/14/2025 07:53 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,134 sqft

Price per Sqft $857

MLS Listing ID 25481675

Bedrooms 8

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1970

Lot Size 5,005 Sqft

Property 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.

Location

State CA

County Los Angeles

Area C21 - Silver Lake - Echo Park

Zoning LAR1

Interior

Interior Features Crown Molding, Open Floorplan, Recessed Lighting

Heating Wall Furnace

Fireplaces Type Electric

Fireplace Yes

Appliance Dishwasher, Electric Cooktop, Gas Cooktop, Gas Oven, Microwave, Oven, Refrigerator

Exterior

Parking Features Assigned, Detached Carport, Uncovered

Carport Spaces 4

Pool None

View Y/N No

View None

Roof Type Composition,Shingle

Accessibility None

Porch Rear Porch, Front Porch, Stone

Attached Garage No

Total Parking Spaces 4

Private Pool No

Building

Lot Description Back Yard, Front Yard, Landscaped, Yard

Faces East

Story 2

Entry Level Two

Foundation Slab

Sewer Other

Architectural Style Modern

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 5445016011

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Special Listing Condition Standard

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Listed by Jared Goldstein • NDA Real Estate

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

2405 Meadowvale AVE Los Angeles, CA 90031

Ernie Caponera

OPEN HOUSE

Key Details

Location

Interior

Exterior

Building

Schools

Others

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2405 Meadowvale AVE