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$ 1,295,000
Est. payment /mo
Active
1137 N Madison Avenue Los Angeles, CA 90029
7 Beds
4 Baths
0.28 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB26023598
Bedrooms 7
Lot Size 0.280 Acres
Property Sub-Type Res Income 2-4 Units
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. 1137 is a detached, single-story home with two bedrooms and one bathroom. 1139 and 1139 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 Hollywoodareas 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
Zoning Seller
Direction Between Santa Monica BLVD and Lexington AVE
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5542029031
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Listed by Noela Kim, DRE#02177870 Keller Williams Realty World Media Center
Nearby Locations
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