500 N Madison Avenue Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90004
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 1,301 sqft
Price per Sqft $421
MLS Listing ID CRCV25167404
Bedrooms 3
Full Baths 2
Year Built 1946
Lot Size 3,000 Sqft
Property Sub-Type Detached
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 t
Location
State CA
County Los Angeles
Interior
Heating None
Cooling Ceiling Fan(s),None
Flooring Carpet
Fireplaces Type None
Laundry Laundry Room
Exterior
Pool None
View City Lights
Building
Lot Description Corner Lot
Story 1
Water Public
Schools
School District Los Angeles Unified