CA > Los Angeles
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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$1,477,000
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7,505 Sqft Lot
Pending

500 N Madison AVE Los Angeles, CA 90004

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Brian Winter

Brian Winter

+1(559) 737-2923

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Key Details

Property Type Single Family Home, Multi-Family

Sub Type Triplex

Listing Status Pending

Purchase Type For Sale

MLS Listing ID CV25167381

Construction Status Fixer

HOA Y/N No

Year Built 1946

Lot Size 7,505 Sqft

Property Sub-Type Triplex

Property Description

Hitting the market for the first time, this rare assemblage in the East Hollywood submarket of Madison West Park—just minutes from the thriving Silverlake corridor—presents a compelling opportunity for forward-thinking investors and developers. Comprising three contiguous parcels, this offering totals 7,504 square feet of land across prime L.A. land, currently improved with income-generating single-family residences.

The first parcel, located at 500 N Madison Avenue (APN 5539-031-016), is priced at $549,000 and features a 3-bedroom, 2-bathroom structure totaling 1,301 square feet on a 3,000-square-foot lot. The second parcel, 3877 Middlebury Street (APN 5539-031-015), is offered at $529,000 and includes a 1-bedroom, 1-bathroom home with 805 square feet on a 2,502-square-foot lot. The third parcel, 3875 Middlebury Street (APN 5539-031-014), is listed at $399,000 and contains a 2-bedroom, 1-bathroom residence spanning 667 square feet on a 2,002-square-foot lot. The total asking price for all three parcels is $1,477,000.

By right, each parcel allows for the development of 3 residential units, enabling a total of 9 units across the combined site. However, with the application of low-income housing, the site could yield up to 17 total units—unlocking a significant increase in long-term rental income or resale value. Whether you're pursuing a hold-and-build strategy, land banking for future appreciation, or executing a ground-up multifamily project, this assemblage delivers on location, zoning flexibility, and upside potential.

This is a high-leverage opportunity in one of Los Angeles' most active rental corridors, with close proximity to major employment centers, public transit, and lifestyle amenities. Contact us now to schedule a showing.

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning LAR3

Interior

Interior Features Built-in Features, All Bedrooms Down, Bedroom on Main Level, Main Level Primary

Heating None

Cooling None

Flooring Carpet, Laminate, Tile

Fireplace No

Appliance Built-In Range, Gas Cooktop

Laundry Laundry Room

Exterior

Parking Features Attached Carport

Carport Spaces 2

Fence Average Condition, Chain Link

Pool None

Community Features Park, Street Lights, Sidewalks, Urban

Utilities Available Electricity Available, Natural Gas Available, Phone Available

View Y/N No

View None

Roof Type Shingle

Total Parking Spaces 2

Private Pool No

Building

Lot Description 2-5 Units/Acre, Value In Land, Yard

Faces West

Story 1

Entry Level Two

Foundation Raised, Slab

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Construction Status Fixer

Others

Senior Community No

Tax ID 5539031016

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard, Trust

Lease Land No

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

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Brian Winter

Brian Winter

Agent | License ID: 0200992

+1(559) 737-2923

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500 N Madison AVE

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