1327 Meadowbrook Avenue, Los Angeles, California 90019, Los Angeles, 90019 - 2 bed, 1 bath
1327 Meadowbrook Avenue
Los Angeles, California 90019
Property Price
SUMMARY
Analysis of 1327 Meadowbrook Avenue, Los Angeles, California 90019 reveals a property with a current list price of $1,599,000, which is 10% above the estimated $1,447,598 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
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.
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
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.
- Exceptional Development Potential
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.
- High Investment & Income Potential
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.
CONSRISKS & DEFICIENCIES
- Age of Existing Structure
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.
- Significant Upfront Investment Required
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.
- Limited Current Livability
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.
About 1327 Meadowbrook Avenue
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1923
- Lot Size
- 6,913 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 20% |
| Baths | 1.0 | 2.0 | 13% |
| Square foot | 1,136 | 1,767 | 11% |
| Lot Size | 6,913 | 6,102 | 70% |
| Price | $1.60M | $1.36M | 67% |
| Price per sq ft | $1.4K | $764 | 98% |
| Built year | 1923 | 1925 | 38% |
| HOA | $0 | $0 | 50% |
| Days on market | 450 | 175 | 0% |
Pricing History
Listed for Sale
Dec 11, 2024
$1,599,000
Initial Listing