CA > Los Angeles
Los Angeles, CA 90004,500 North Madison Avenue
See all 16 photos
Los Angeles, CA 90004,500 North Madison Avenue
Los Angeles, CA 90004,500 North Madison Avenue
Los Angeles, CA 90004,500 North Madison Avenue
Los Angeles, CA 90004,500 North Madison Avenue
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Fri
8
Aug
Sat
9
Aug
Sun
10
Aug
Nicole Van Parys & Gary Nesen

Nicole Van Parys & Gary Nesen

+1(805) 795-1880
Listed by Allen Wu • ALLEN WU, BROKER
$ 549,000
Est. payment /mo
Save
Active

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 Active

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

agent

Nicole Van Parys & Gary Nesen

License Partners, Private Office Advisors | License ID: 01108944

+1(805) 795-1880

GET MORE INFORMATION

Name
Phone*
Message
I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of Nicole Van Parys & Gary Nesen, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.

Go tour this home

500 North Madison Avenue