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Listed by Allen Wu • ALLEN WU, BROKER
$ 549,000
Est. payment /mo
Coming Soon
500 North Madison Avenue Los Angeles, CA 90004
3 Beds
2 Baths
1,301 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 1,301 sqft
Price per Sqft $421
MLS Listing ID CV-25167404
Bedrooms 3
Full Baths 2
Year Built 1946
Lot Size 3,000 Sqft
Property Sub-Type Single Family Residence
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 redevelopment--perfect 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 units--ideal 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
Area C20 - Hollywood
Zoning LAR3
Interior
Interior Features Ceiling Fan(s)
Heating None
Cooling None
Flooring Carpet
Fireplaces Type None
Laundry Individual Room
Exterior
Pool None
Community Features Park, Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected
View Y/N Yes
View City Lights
Building
Lot Description Corner Lot, 0-1 Unit/Acre
Sewer Public Sewer
Schools
High Schools John Marshall