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2232 Meadowvale Avenue, Los Angeles, California 90031, Los Angeles, 90031 - 3 bed, 1 bath

2232 Meadowvale Avenue, Los Angeles, California 90031 home-pic-0
CLOSED$725,000
2232 Meadowvale Avenue, Los Angeles, California 90031
3Beds
1Bath
814Sqft
4,990Lot
Year Built
1923
Close
$725K
List price
$785K
Original List price
$785K
Price/Sqft
$964
HOA
-
Days on market
113 Days
Sold On
2025-11-20
MLS number
25571525
Home ConditionPoor
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 7% below the list price. We found 3 Cons,5 Pros. Rank: price - $725.0K(18th), sqft - 814(13th), beds - 3(50th), baths - 1(30th).

Welcome to 2232 Meadowvale Ave, a 3-bedroom, 1-bathroom fixer-upper with endless potential, located in the heart of the highly sought-after Frogtown (Elysian Valley) neighborhood. Set on a generous 4,990 SQFT lot, this property offers a rare chance to renovate, expand, or build an ADU, making it ideal for homeowners, investors, and developers alike. Tucked just steps from the LA River bike path and minutes to Dodger Stadium, Elysian Park, Atwater Village, Silver Lake, and Downtown LA, this location combines the charm of a tight-knit community with the pulse of urban living. Enjoy nearby local favorites like Spoke Bicycle Caf, Wax Paper, Frogtown Brewery, La Colombe, and Just What I Kneaded. This diamond in the rough is waiting for your vision and personal touch. With its flat lot, prime location, and proximity to some of LA's most vibrant amenities, this is a unique opportunity to create your dream home or a savvy investment.

Price History

Date
Event
Price
07/30/25
$785,000
Condition Rating
Poor
Built in 1923, this property is explicitly described as a 'fixer-upper' and 'diamond in the rough,' requiring extensive renovation. The images confirm a severely outdated and neglected condition, particularly the bathroom with its old tiles, fixtures, and exposed plumbing. The interior features worn carpets, basic and old light fixtures, and visible signs of wear on walls and ceilings. The exterior shows significant peeling paint and exposed wood, indicating deferred maintenance. There are window AC units, suggesting no central cooling/heating. All major systems and cosmetic elements appear to require substantial repairs and rehabilitation, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

Exceptional Location: Situated in the highly sought-after Frogtown (Elysian Valley) neighborhood, offering immediate access to the LA River bike path and minutes away from Dodger Stadium, Elysian Park, Atwater Village, Silver Lake, and Downtown LA.
Significant Development Potential: A generous 4,990 SQFT flat lot provides a rare opportunity to renovate, expand the existing structure, or add an Accessory Dwelling Unit (ADU), maximizing property value.
Strong Investment Opportunity: Marketed as a 'fixer-upper' in a prime location, this property is ideal for investors and developers looking for a value-add project in a desirable Los Angeles market.
Vibrant Community & Lifestyle: Benefits from a tight-knit community atmosphere and proximity to popular local amenities such as Spoke Bicycle Cafe, Wax Paper, Frogtown Brewery, La Colombe, and Just What I Kneaded.
Versatile Buyer Appeal: The property's potential and location make it attractive to a broad range of buyers, including homeowners seeking customization, investors, and developers.

Cons

Extensive Renovation Required: Explicitly described as a 'fixer-upper' and 'diamond in the rough,' indicating a need for substantial investment in time and capital for necessary upgrades and modernization.
Outdated & Small Living Space: Built in 1923 with only 814 SQFT and a single bathroom for three bedrooms, the property's current configuration is small and likely outdated, requiring significant layout changes to meet modern living standards.
Potential for High Renovation Costs: The age of the property and its 'fixer-upper' status suggest potential for costly repairs to fundamental infrastructure such as plumbing, electrical systems, and roofing, beyond cosmetic updates.

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