500 N Madison Avenue, Los Angeles, CA 90004
Local realty services provided by:ERA North Orange County Real Estate
500 N Madison Avenue,Los Angeles, CA 90004
$549,000
- 3 Beds
- 2 Baths
- 1,301 sq. ft.
- Single family
- Pending
Listed by:allen wu
Office:allen wu, broker
MLS#:CV25167404
Source:San Diego MLS via CRMLS
Price summary
- Price:$549,000
- Price per sq. ft.:$421.98
About this home
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 redevelopmentperfect 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 to 17 total unitsideal for investors and developers seeking scale and long-term upside in a high-demand rental submarket. We encourage you to act early to explore this rare opportunity to assemble and transform a prime site in one of Los Angeles most dynamic neighborhoods.
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Home facts
- Year built:1946
- Listing ID #:CV25167404
- Added:71 day(s) ago
- Updated:October 05, 2025 at 07:35 AM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:2
- Living area:1,301 sq. ft.
Structure and exterior
- Year built:1946
- Building area:1,301 sq. ft.
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$549,000
- Price per sq. ft.:$421.98
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