500 N Madison Avenue Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90004
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 1,301 sqft
Price per Sqft $421
MLS Listing ID CV25167404
Bedrooms 3
Full Baths 2
Year Built 1946
Property Sub-Type Detached
Property Description
Offered at $549,000, 500 N Madison Avenue presents a rare opportunity in the up-and-coming Madison West Park neighborhood of East Hollywood, just minutes from Silverlake. Hitting the market for the first time, this 3-bedroom, 2-bathroom single-family residence offers 1,301 square feet of living space on a 3,000-square-foot lot. The property retains its original charm but has not been recently updated and will require renovation or redevelopmentperfect for investors looking for value-add potential or ground-up opportunities. The owner strongly prefers to sell this parcel as part of a bundled sale with two neighboring properties: 3877 Middlebury Street, a 1-bedroom, 1-bathroom home with 805 square feet of living area on a 2,502-square-foot lot, listed at $529,000 (APN 5539-031-015); and 3875 Middlebury Street, a 2-bedroom, 1-bathroom home with 667 square feet on a 2,002-square-foot lot, listed at $399,000 (APN 5539-031-014). The total asking price for all three parcels is $1,477,000. Together, these three parcels span 7,504 square feet of land with significant redevelopment potential. Current zoning allows for the construction of three residential income units per lot, enabling a total of 9 units by right. Alternatively with a low-income housing set-up, the site could yield up to 17 total unitsideal for investors and developers seeking scale and long-term upside in a high-demand rental submarket. We encourage you to act early to explore this rare opportunity to assemble and transform a prime site in one of Los Angeles most dynamic neighborhoods.
Location
State CA
County Los Angeles
Zoning LAR3
Direction Take exit 6A from US-101 N. Take Clinton St to N Madison Ave. Destination will be on the left-hand side.
Interior
Flooring Carpet
Fireplace No
Exterior
Utilities Available Electricity Connected,Natural Gas Connected,Phone Connected
View Y/N Yes
Water Access Desc Public
View City Lights
Accessibility 2+ Access Exits
Porch Porch
Building
Story 1
Sewer Public Sewer
Water Public
Level or Stories 1
Others
Tax ID 5539031016
Special Listing Condition Standard