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1278 Meadowbrook Ave, Los Angeles, CA 90019
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1278 Meadowbrook Ave Los Angeles, CA 90019

$2,625,000
  • 8 Beds
  • 4 Baths
  • 3,924 Sq.Ft.
Back Up Offer
$2,625,000 Get Pre-Qualified
Map preview of 1278 Meadowbrook Ave, Los Angeles, CA 90019

Property Overview: 1278 Meadowbrook Ave Los Angeles, CA has 8 bedrooms, 4 bathrooms, 3,924 living square feet and 6,407 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 2023 construction Spanish style duplex located in a highly desirable mid-Wilshire pocket! Built by TJH, this duplex features two 4 bedroom / 2.5 bathroom townhome units. Currently, one unit is vacant making this the perfect owner-user opportunity! The other unit is occupied which helps to offset the mortgage expense! The units offer top of the line finishes throughout and there was no stone unturned during construction. Throughout units, you will find wide plank vinyl flooring, recessed lighting, polished chrome plumbing, white shaker cabinets and white quartz countertops. The kitchen features brand new stainless steel appliances, including a Bertazzoni gas range and Frigidaire refrigerator, dishwasher and microwave. Each unit also includes a 2 car garage and 1 outdoor space. Each unit also enjoys in-unit laundry hookups and a private backyard. The property includes solar panels that are owned and fully paid off by the developer. Tenants pay all utilities keeping costs low for an investor! The property is subject to LA City RSO (Rent Control).

Listed by John Katnik | BRE #02002695 | BRC Advisors- BH
Last checked: 3 minutes ago | Last updated: June 25th, 2024 | Source CRMLS | DOM: 27
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Home details

Lot Sq. Ft
6,407
HOA Dues
$0/mo
Year built
2023
Garage
4 Car
Property Type:
Multi Family
Status
Back Up Offer
MLS#
24397951
City
Los Angeles
County
Los Angeles
Time on Site
21 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $7,195
  • Total Rent: $7,195
  • Pro Forma/Market Rent: $7,195
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $7,195
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.97%
  • Gross Rent Multiplier: 15.2
  • Gross Scheduled Income: --
  • Net Operating Income: $130,502
  • Gross Operating Income: $169,226
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 1278 Meadowbrook Ave

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Property Details for 1278 Meadowbrook Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Vinyl
Kitchen Information
  • Has Appliances
  • Dishwasher, Microwave, Refrigerator, Oven
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Size Source: Assessor
Property Information
  • No View
  • View: None
  • Total # of Units: 2
  • Parcel Number: 5070008016
  • Year Built Source: Builder
  • Architectural Style: Spanish
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: North of Pico and West of La Brea
View more facts & features

Local Los Angeles Agent

Sale History for 1278 Meadowbrook Ave

Last leased for $7,195 on February 19th, 2024

  • June, 2024

  • Jun 24, 2024

    Date

    Back Up Offer

    CRMLS: 24397951

    $2,625,000

    Price

  • May 30, 2024

    Date

    Active

    CRMLS: 24397951

    $2,625,000

    Price

  • June, 2024

  • Jun 18, 2024

    Date

    Canceled

    CRMLS: 24352997

    $7,195

    Price

  • Jan 29, 2024

    Date

    Active

    CRMLS: 24352997

    $7,195

    Price

  • Listing provided courtesy of CRMLS

    Brand-new masterpiece crafted by Thomas James Homes, this exceptional residence part of a Duplex (one shared wall) located in highly sought-after location in Mid-Wilshire area, features 2 story, 4 spacious bedrooms and 2.5 tastefully appointed baths. Prepare culinary delights in the chef-inspired kitchen, complete with a walk-in pantry, a generously sized center island adorned with bar seating, and top-of-the-line appliances. The adjacent dining area is an inviting space for entertaining, featuring a chic decorative light fixture that adds a touch of sophistication. For more intimate moments, the great room beckons with its sliding doors leading to the backyard, creating the perfect ambiance for casual outdoor dining and relaxation. On the upper level, you'll find three well-appointed secondary bedrooms, thoughtfully designed to accommodate the needs of a modern lifestyle. A bath with a dual-sink vanity and a tub shower serves these bedrooms, while linen cabinetry and shelving in the hallway provide convenient storage. A dedicated laundry closet with side-by-side washer and dryer adds to the home's functionality. Retreat to the luxurious grand suite, a haven of tranquility ; the suite features a sumptuous bath complete with a dual-sink vanity, a walk-in shower featuring a comfortable seat, and an expansive walk-in closet that's sure to fulfill your storage desires. Tandem garage, with direct private entrance ; driveway additional spaces ; practical drop zone with a bench seat, ideal for organizing handbags, backpacks, and mail. Situated in a prime location, this home offers the utmost in convenience, with quick access to Beverly Hills, West Hollywood, and major freeways. Immerse yourself in the epitome of modern living, where thoughtful design, contemporary elegance, and urban accessibility harmoniously come together in one splendid package.

  • February, 2024

  • Feb 19, 2024

    Date

    Leased

    CRMLS: 24353001

    $7,195

    Price

  • Jan 29, 2024

    Date

    Active

    CRMLS: 24353001

    $7,195

    Price

  • Listing provided courtesy of CRMLS

    Brand-new masterpiece crafted by Thomas James Homes, this exceptional residence part of a Duplex (one shared wall) located in highly sought-after location in Mid-Wilshire area, features 2 story, 4 spacious bedrooms and 2.5 tastefully appointed baths. Prepare culinary delights in the chef-inspired kitchen, complete with a walk-in pantry, a generously sized center island adorned with bar seating, and top-of-the-line appliances. The adjacent dining area is an inviting space for entertaining, featuring a chic decorative light fixture that adds a touch of sophistication. For more intimate moments, the great room beckons with its sliding doors leading to the backyard, creating the perfect ambiance for casual outdoor dining and relaxation. On the upper level, you'll find three well-appointed secondary bedrooms, thoughtfully designed to accommodate the needs of a modern lifestyle. A bath with a dual-sink vanity and a tub shower serves these bedrooms, while linen cabinetry and shelving in the hallway provide convenient storage. A dedicated laundry closet with side-by-side washer and dryer adds to the home's functionality. Retreat to the luxurious grand suite, a haven of tranquility ; the suite features a sumptuous bath complete with a dual-sink vanity, a walk-in shower featuring a comfortable seat, and an expansive walk-in closet that's sure to fulfill your storage desires. Tandem garage, thoughtfully wired for an electric vehicle charging station, with direct private entrance ; driveway additional spaces ; practical drop zone with a bench seat, ideal for organizing handbags, backpacks, and mail. Situated in a prime location, this home offers the utmost in convenience, with quick access to Beverly Hills, West Hollywood, and major freeways. Immerse yourself in the epitome of modern living, where thoughtful design, contemporary elegance, and urban accessibility harmoniously come together in one splendid package.

  • December, 2016

  • Dec 30, 2016

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • July, 2014

  • Jul 3, 2014

    Date

    Sold (Public Records)

    Public Records

    $675,006

    Price

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Tax History for 1278 Meadowbrook Ave

Assessed Value (2020): $1,045,689
Year Land Value Improved Value Assessed Value
2020 $726,927 $318,762 $1,045,689

Home Value Compared to the Market

This property vs the competition

1278 Meadowbrook Ave is listed 110.17% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $778 and this home is listed at $668.96 per/sqft which puts the price per square foot 14.02% lower than the median price per square foot for the city of Los Angeles.

About 1278 Meadowbrook Ave

Detailed summary of property

1278 Meadowbrook Ave is a multi family located in Los Angeles, CA 90019 and is currently in escrow to be sold. This multi family property offers 8 bedrooms, 4 bathrooms, roughly 3,924 living square feet, and sits on an approximately 6,407 square foot lot. 1278 Meadowbrook Ave was first listed on ArdentRealEstateGroup.com on June 4, 2024. The homeowner is currently asking $2,625,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $778. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 110.17% higher than the median priced home. Local competing homes currently for sale include 812 Alandele Ave, 924 S Orange Grove Ave and 4400 W Washington Blvd. While the average home in Los Angeles, CA is selling in 98 days, 1278 Meadowbrook Ave has a days on market of 27 days. There are currently 4006 homes for sale in the Los Angeles real estate market and 2700 of them are single family homes while 1190 of them are condos and 109 are townhomes. For more information on this home for sale at 1278 Meadowbrook Ave Los Angeles, CA 90019 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1278 Meadowbrook Ave

Public county record property details
Beds
5
Baths
2
Year built
1926
Sq. Ft.
2,743
Lot Size
6,407
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
450
APN
5070-008-016

The source for these homes facts are from public records.

90019 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,459,000
Median List Price/Sq.Ft.
$683
Median Sold Price
$1,500,000
Median Sold Price/Sq.Ft.
$678
Total Inventory
71
Median Sale to List Price %
100.07%
Avg Days on Market
38
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (11.11%), Other (11.11%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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