500 N Madison Avenue new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90004
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
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
Interior
Flooring Carpet
Exterior
Utilities Available Electricity Connected,Natural Gas Connected,Phone Connected
View Y/N Yes
View City Lights
Building
Story 1
Sewer Public Sewer
Water Public
Others
Special Listing Condition Standard