1356 Meadowbrook Avenue, Los Angeles, California 90019, Los Angeles, 90019 - bed, bath
ACTIVE$1,450,000
1356 Meadowbrook Avenue, Los Angeles, California 90019
0Bed
0Bath
2,132Sqft
5,335Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Investment Opportunity: Positioned as a prime investment opportunity, ideal for owner-occupancy with rental income or a pure rental portfolio in a desirable Los Angeles market.
Top Cons:
Historic Property Age: Built in 1925, the property is likely to require significant capital investment for updating major systems (plumbing, electrical, HVAC) and general modernization to meet contemporary standards.
Compared to the nearby listings
Price:$1.45M vs avg $1.35M (+$100,000)54%
Size:2,132 sqft vs avg 3,386 sqft31%
Price/sqft:$680 vs avg $45592%
More Insights
Built in 1925 (100 years old).
Condition: Built in 1925, this property is nearly 100 years old. The MLS listing explicitly highlights 'Historic Property Age' and the need for 'significant capital investment for updating major systems (plumbing, electrical, HVAC) and general modernization,' along with 'Potential for Extensive Renovation.' The complete absence of interior photos, particularly of kitchens and bathrooms, strongly suggests these areas are severely outdated and require substantial rehabilitation. While the exterior appears structurally sound, the property's age and the stated need for major system overhauls and extensive renovation place it firmly in the 'poor' condition category, requiring significant investment to be comfortable and up to modern standards.
Year Built
1925
Close
-
List price
$1.45M
Original List price
$1.45M
Price/Sqft
$680
HOA
-
Days on market
-
Sold On
-
MLS number
CV24176822
Home ConditionPoor
Features
Patio
View-
About this home
Great investment opportunity to buy and hold as an owner-occupied units. Situated in a prime location at Mid-City area. Each of the two units features 2 Bedrooms, 1 Bathroom, plus a detached two-car garage that offers the potential for an accessory Dwelling unit (ADU). Easy access to major freeways. Both units will be deliver vacant at COE.
Price History
Date
Event
Price
04/27/99
Sold
$193,500
Condition Rating
Poor
Built in 1925, this property is nearly 100 years old. The MLS listing explicitly highlights 'Historic Property Age' and the need for 'significant capital investment for updating major systems (plumbing, electrical, HVAC) and general modernization,' along with 'Potential for Extensive Renovation.' The complete absence of interior photos, particularly of kitchens and bathrooms, strongly suggests these areas are severely outdated and require substantial rehabilitation. While the exterior appears structurally sound, the property's age and the stated need for major system overhauls and extensive renovation place it firmly in the 'poor' condition category, requiring significant investment to be comfortable and up to modern standards.
Pros & Cons
Pros
Investment Opportunity: Positioned as a prime investment opportunity, ideal for owner-occupancy with rental income or a pure rental portfolio in a desirable Los Angeles market.
Prime Mid-City Location: Situated in a highly sought-after Mid-City area of Los Angeles, offering strong rental demand and potential for appreciation.
ADU Development Potential: Features a detached two-car garage with significant potential for conversion into an Accessory Dwelling Unit (ADU), enhancing income and property value.
Vacant Delivery: Both units will be delivered vacant at the close of escrow, providing immediate flexibility for renovation, tenant selection, or owner-occupancy without tenant relocation challenges.
Excellent Accessibility: Offers easy access to major freeways, providing convenient commutes and connectivity throughout Los Angeles.
Cons
Historic Property Age: Built in 1925, the property is likely to require significant capital investment for updating major systems (plumbing, electrical, HVAC) and general modernization to meet contemporary standards.
Potential for Extensive Renovation: The description implies a value-add opportunity, suggesting the property may need substantial renovation and upgrades to maximize its rental income and market appeal.
Limited Interior Condition Details: The listing provides limited information regarding the current interior condition or recent upgrades of the individual units, which could indicate a need for comprehensive interior refurbishment.