1137 N Madison AVE Los Angeles, CA 90029
0.28 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB26023598
HOA Y/N No
Year Built 1907
Lot Size 0.280 Acres
Property Sub-Type Quadruplex
Property Description
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—areas with consistently strong rental demand.
With its multiple units, desirable location, transit-oriented zoning, and development flexibility, this property presents the potential for a highly attractive investment opportunity with both immediate and long-term returns.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Interior
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Laundry Washer Hookup, Electric Dryer Hookup
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Park
Total Parking Spaces 6
Private Pool No
Building
Lot Description Back Yard, Front Yard, Rectangular Lot
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5542029031
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
Nearby Locations