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$ 1,477,000
Est. payment /mo
Pending
500 N Madison Avenue Los Angeles, CA 90004
7,504 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CRCV25167388
HOA Y/N No
Lot Size 7,504 Sqft
Acres 0.17
Property Sub-Type Unimproved Land
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. infill, 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
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Fireplace No
Exterior
View Y/N true
View City Lights
Building
Lot Description Paved
New Construction No
Others
Tax ID 5539031016
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Listed by Allen Wu • ALLEN WU, BROKER