
Los Angeles, California 90031
This High-Potential Investment Opportunity is listed at $1,700,000, positioned well below the $1,769,515 Fair Market Value by 3%. This valuation gap offers $69,515 in Instant Equity. Featuring a Mint Condition Rating following a high-end renovation, the property includes a 3-bed main house and a 2-bed ADU with a 400-square-foot rooftop deck. This turnkey asset provides immediate rental income in the sought-after Frogtown neighborhood. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking versatile income potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2355 Meadowvale Avenue Subject 5 bd · 4 ba · 2,353 sqft · $752 | $1,700,000* List Price | 5 | 4 | 2,353 | $752 | - |
A 2418 Dallas Street Sold 4 bd · 4 ba · 2,317 sqft · $752 · 0.4 mi | $1,743,000 | 4 | 4 | 2,317 | $752 | 0.4 mi |
B 2248 Glover Place Sold 3 bd · 4 ba · 2,004 sqft · $843 · 0.2 mi | $1,690,000 | 3 | 4 | 2,004 | $843 | 0.2 mi |
C 2404 Birkdale Street Active 4 bd · 4 ba · 3,265 sqft · $672 · 0.3 mi | $2,195,000 List Price | 4 | 4 | 3,265 | $672 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1927, the property has undergone a comprehensive, high-end renovation within the last 5 years and includes a newly constructed modern ADU. The interiors feature mint-condition finishes, including updated bathrooms with contemporary tile work and black hardware, modern flooring, recessed lighting, and new windows. The systems and structure appear fully updated and move-in ready.
The property features two distinct residences—a 3-bedroom main house and a 2-bedroom ADU—both currently rented, providing immediate cash flow or the flexibility for an owner-user to offset their mortgage.
The freestanding, two-story ADU is a standout asset, boasting its own address, separate utilities, and a 400-square-foot rooftop deck with iconic views of the Hollywood Sign and surrounding hills.
Situated in Frogtown, one of the most sought-after Eastside neighborhoods, the property combines 1920s Spanish character with modern updates in a high-growth area near the LA River.
The property is sold with tenants in place for both units, which may pose a challenge for buyers seeking immediate occupancy or those requiring traditional owner-occupied financing.
With two substantial residential structures occupying a 5,000-square-foot lot, the remaining private outdoor ground space is fragmented and may feel constrained for those seeking a traditional large backyard.
Welcome to 2355 Meadowvale Avenue, a character-rich Spanish bungalow from the 1920s in Frogtown, one of Los Angeles' most sought-after Eastside neighborhoods. This beautiful home offers a private, peaceful retreat with a Spanish tile roof, crisp white walls, warm wood accents, and a Saltillo tile entry leading to a covered porch. Inside, the 3-bed, 2-bath front home feels open and fresh, with an open kitchen, an expansive primary ensuite, and an effortless flow throughout. Every detail has been thoughtfully considered, making smart use of space without losing the home's original charm. Set behind the main house is a freestanding ADU with matching wood accents, tasteful landscaping, and its own private backyard, the 2-bed, 2.5-bath ADU spans two stories with open living and kitchen space. A rooftop deck of close to 400 square feet crowns the ADU, with sweeping views from the Hollywood Sign to the surrounding hills. The ADU has its own separate address and utilities. Both the front home and ADU are currently rented and will be sold with the tenants in place, offering immediate income or flexibility to live in one home and rent the other. An exceptional opportunity to own a distinctive Frogtown property that blends timeless Spanish character, modern comfort, and versatile income potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 2,353 | 1,670.836 |
| Lot Size | 5,000 | 6,152.156 |
| Price | $1.70M | $1.34M |
| Price per sq ft | $722 | $807 |
| Built year | 1927 | 1941 |
| HOA | $0 | $238 |
| Days on market | 17 | 56 |
Oct 23, 2026
$1,700,000
Initial Listing
Jul 15, 2020
$1,484,000
Public Record
Mar 24, 2017
$435,000
Public Record
Mar 24, 2017
$18,500
Public Record