1327 Meadowbrook Avenue, Los Angeles, California 90019, Los Angeles, 90019 - 2 bed, 1 bath
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Los Angeles, California 90019
This Prime Development Asset is listed at $1,599,000, representing a strategic investment relative to its $1,447,599 Fair Market Value. With a Condition Rating of 6, the value lies in the 6,911 sqft lot and its versatile LAR2 Zoning. Located near Miracle Mile, the property offers significant Value-Add potential through SB-9 lot splits or luxury townhome construction featuring a patio. This high-density ROI opportunity in the Los Angeles Unified district is ideal for Developers and Fix-and-Flip Investors looking to capitalize on Mid-City demand.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1327 Meadowbrook Avenue Subject | $1,599,000* List Price | 2 | 1 | 1,136 | $1,274 | - |
A 1521 S Cloverdale Active | $1,250,000 List Price | 2 | 1 | 1,130 | $1,106 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1923, this property is over 100 years old. The listing explicitly markets it for its 'development potential' and suggests the existing structure is 'likely intended for demolition' or 'extensive renovation.' The absence of interior photos, especially of the kitchen and bathroom, combined with the dilapidated exterior, strongly indicates the current structure is unlivable and its value lies solely in the land for redevelopment.
Situated in the vibrant heart of Mid-City Los Angeles, bordering Miracle Mile and Mid-Wilshire, with close proximity to iconic destinations like LACMA, The Grove, Beverly Hills, and K-Town.
Zoned LAR2 on a generous 6,911 sqft lot, offering significant value-added opportunities such as building two luxury townhomes, utilizing SB-9 for lot splits, or adding ADUs to maximize unit count.
The property is explicitly positioned for maximizing rental income and providing flexible, multi-generational living solutions, promising a rewarding project with enduring appeal for investors.
Built in 1923, the current 2-bedroom, 1-bathroom residence is nearly a century old, suggesting it likely requires extensive renovation or is intended for demolition as part of a redevelopment project.
The property's primary value lies in its development potential, necessitating substantial additional capital for construction, permits, and project management beyond the initial purchase price.
The existing 1,136 sqft home is small and likely outdated, not offering modern amenities or sufficient space for many contemporary buyers without considerable upgrades or complete redevelopment.
Welcome to 1327 Meadowbrook Ave., an exceptional opportunity located in the vibrant heart of Mid- City Los Angeles, bordering Miracle Mile and Mid-Wilshire. Situated on a generous 6,911 sqft lot zoned LAR2, this property offers remarkable potential for value-added development. Imagine building two-luxury-style townhomes with side by side open concept garages, and decks for panoramic city views, or utilize SB-9 to lot split to get 2 units on the second lot, and an attached ADU to split the existing unit into 2 units to maximize rental income or provide flexible, multi-generational living solutions. This property's zoning and expansive layout open up an array of possibilities-perfect for those looking to create an exclusive residential enclave in one of L.A.'s most sought-after neighborhoods. 1327 Meadowbrook Ave. is ideally positioned near Los Angeles' most iconic destinations, including LACMA, The Grove, Beverly Hills, and K-Town, as well as a wealth of cultural attractions, dining, and shopping options. Whether you're looking to build, invest, or reimagine urban living, this prime location promises a rewarding project with enduring appeal. Seize this rare opportunity to shape the future of Mid-City Los Angeles living-schedule a viewing today and bring your vision to life at 1327 Meadowbrook Ave.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 24% |
| Baths | 1.0 | 2.0 | 17% |
| Square foot | 1,136 | 1,712 | 14% |
| Lot Size | 6,913 | 6,377 | 69% |
| Price | $1.60M | $1.33M | 66% |
| Price per sq ft | $1.4K | $764 | 98% |
| Built year | 1923 | 1926 | 36% |
| HOA | $0 | $0 | 50% |
| Days on market | 497 | 187 | 0% |
Dec 11, 2024
$1,599,000
Initial Listing