Los Angeles, CA 90004,500 N Madison AVE
Los Angeles, CA 90004,500 N Madison AVE
Los Angeles, CA 90004,500 N Madison AVE
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$549,000
Est. payment /mo
3 Beds
2 Baths
1,301 SqFt
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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

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

HOA Y/N No

Year Built 1946

Lot Size 3,001 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

Rooms

Main Level Bedrooms 3

Interior

Interior Features Ceiling Fan(s), All Bedrooms Down, Bedroom on Main Level

Heating None

Cooling None

Flooring Carpet

Fireplaces Type None

Fireplace No

Appliance Built-In Range

Laundry Laundry Room

Exterior

Pool None

Community Features Park, Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected

View Y/N Yes

View City Lights

Accessibility Safe Emergency Egress from Home

Porch Porch

Private Pool No

Building

Lot Description 0-1 Unit/Acre, Corner Lot

Dwelling Type House

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Schools

High Schools John Marshall

School District Los Angeles Unified

Others

Senior Community No

Tax ID 5539031016

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard, Trust


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CRMLS – RECore
Listed by Allen Wu ALLEN WU, BROKER LILUNWU@HOTMAIL.COM

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500 N Madison AVE