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Mike Chiesl

hello@chieslmarelly.com +1(760) 473-0000

$ 549,000

Est. payment -/mo

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Active Under Contract

500 N Madison Avenue Los Angeles, CA 90004

3 Beds

2 Baths

1,301 SqFt

UPDATED:

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

Listed by Allen Wu ALLEN WU, BROKER

Mike Chiesl

Broker | License ID: 01783300

+1(760) 473-0000

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