RealKey
‪(213) 433-7766‬

1327 Meadowbrook Avenue, Los Angeles, California 90019, Los Angeles, 90019 - 2 bed, 1 bath

1327 Meadowbrook Avenue, Los Angeles, California 90019 home-pic-0
ACTIVE$1,599,000
1327 Meadowbrook Avenue, Los Angeles, California 90019
2Beds
1Bath
1,136Sqft
6,913Lot
Year Built
1923
Close
-
List price
$1.6M
Original List price
$1.6M
Price/Sqft
$1,408
HOA
-
Days on market
-
Sold On
-
MLS number
PW24245386
Home ConditionTear down
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.60M(68th), sqft - 1136(15th), beds - 2(20th), baths - 1(15th).

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.

Price History

Date
Event
Price
12/11/24
Listing
$1,599,000
Condition Rating
Tear down
The property was built in 1923 and appears to have had no significant renovations in decades. The exterior images show a severely neglected structure with peeling paint, security bars, and overgrown landscaping, indicating extensive deferred maintenance. The listing description and property analysis explicitly state the existing structure is 'outdated' and 'requires extensive renovation or demolition,' emphasizing the value is in the land and its development potential. There are no interior images, but given the age and exterior condition, the kitchen and bathroom are undoubtedly in very poor, outdated condition, likely requiring full replacement. The property is essentially being sold for its land value, aligning with the 'tear-down' criteria.
Pros & Cons

Pros

Exceptional Development Potential: The generous 6,911 sqft lot is zoned LAR2 and eligible for SB-9, offering remarkable potential for value-added development, including multi-unit construction, lot splitting, or ADU additions.
Prime Mid-City Location: Strategically situated in the vibrant heart of Mid-City Los Angeles, bordering Miracle Mile and Mid-Wilshire, ensuring high demand and excellent access to urban amenities.
Large & Versatile Lot Size: A substantial 6,911 sqft lot provides ample space for significant new construction, expansion, or creative landscaping, a premium in a dense urban market.
Strong Investment Opportunity: Explicitly marketed for investors and developers, this property offers clear pathways to maximize rental income or create flexible multi-generational living solutions.
Proximity to Key Destinations: Unbeatable access to iconic L.A. landmarks such as LACMA, The Grove, Beverly Hills, and K-Town, enhancing lifestyle and long-term property appeal.

Cons

Outdated & Small Existing Structure: Built in 1923, the current 2-bed, 1-bath, 1136 sqft home is likely dated and requires extensive renovation or demolition to align with modern living standards or development plans.
High Price for Current Dwelling: The $1.599M list price is substantial for the existing small, dated residence, indicating that the value is predominantly in the land and its development potential, not the current structure.
Absence of Existing Views: Despite the potential for panoramic city views in future builds, the current property offers no immediate scenic views, which may be a drawback for some buyers.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state