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$ 1,477,000
Est. payment /mo
Active Under Contract
500 N Madison Avenue Los Angeles, CA 90004
6 Beds
2,773 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,773 sqft
Price per Sqft $532
MLS Listing ID CRCV25167381
Bedrooms 6
HOA Y/N No
Year Built 1946
Lot Size 7,504 Sqft
Acres 0.17
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 lo
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating None
Cooling No Air Conditioning
Flooring Laminate, Tile, Carpet
Fireplace No
Laundry Laundry Room
Exterior
Exterior Feature Other
View Y/N false
View None
Total Parking Spaces 2
Building
Lot Description Other
New Construction No
Others
Tax ID 5539031016
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Listed by Allen Wu • ALLEN WU, BROKER