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Listed by Noela Kim • Keller Williams Realty World Media Center
$ 1,495,000
Est. payment /mo
Price Dropped by $200K
1137 North Madison Avenue Los Angeles, CA 90029
3,678 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,678 sqft
Price per Sqft $406
MLS Listing ID BB-25087295
Year Built 1907
Lot Size 0.280 Acres
Property Sub-Type Quadruplex
Property Description
Great potential for low income housing developers, investor income property potential, or build more units on existing available land! Welcome to 1137 N Madison Ave offering a wonderful investment opportunity. This property includes four separate addresses (1137, 1137 1/2 , 1139, and 1139 1/2 ). 1137 has is 2-story single resident home offering 3 bedrooms and 1 bath plus a water closet. 1137 1/2 is a single-family, single-story home with 2 bedrooms and 1 bath. 1139 and 1139 1/2 are within a duplex, each with 1 bedroom and 1 bathroom, and each with a single car garage for each unit. With a generous amount of land, the opportunities this property holds for future builds are endless. The property is located within 1/2 mile of the Vermont/Santa Monica transit station, and is currently zoned for TOC Tier 4, enabling possible advantages to prospective builders (buyer must exercise due diligence in determining all current zoning details and implications). The strategic location is a short drive away from the sought after downtown LA, Echo Park, Los Feliz and West Hollywood area and features a communal garden and park within 500 feet of the property. This property offers a great investment opportunity and lots of potential.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Zoning LARD1.5
Interior
Fireplaces Type None
Laundry Electric Dryer Hookup, Washer Hookup
Exterior
Parking Features Gated
Garage Spaces 2.0
Pool None
Community Features Sidewalks
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer