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Listed by Noela Kim, DRE #02177870 • Keller Williams Realty World Media Center
$1,295,000
Est. payment /mo
0.28 Acres Lot
Active
1137 N Madison AVE Los Angeles, CA 90029
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRBB26023598
Year Built 1907
Lot Size 0.280 Acres
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
Welcome to 1137 N Madison Ave, a rare and versatile property offering exceptional potential investment. The location of the property offers many advantages for potential investments and builds. The 1137 residence is a two-story single-family home featuring three bedrooms, one bathroom, and an additional water closet. 1137½ is a detached, single-story home with two bedrooms and one bathroom. 1139 and 1139½ make up a duplex, with each unit offering one bedroom, one bathroom, and a dedicated single-car garage. Set on a generous lot, the property provides multiple income-producing units along with significant upside for future development. Currently zoned TOC Tier 4, the site may offer favorable incentives for expansion or redevelopment (buyer to conduct due diligence regarding zoning and development potential). Thus property offers many advantages as it is located within approximately 900 feet from the Metro station and within 300 feet from the one of a kind Madison Avenue Park and Community Garden. Located within half a mile of the Vermont/Santa Monica transit station, the property benefits from excellent accessibility and is just steps from a communal garden and park. Its central location allows for easy access to Downtown Los Angeles, Echo Park, Los Feliz, and West Hollywood-
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Interior
Cooling Window / Wall Unit
Laundry 30, 9
Exterior
Garage Spaces 6.0
Pool None
Building
Water District - Public
Others
Tax ID 5542029031
Special Listing Condition Not Applicable
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