500 N Madison AVE Los Angeles, CA 90004
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID CV25167381
Construction Status Fixer
HOA Y/N No
Year Built 1946
Lot Size 7,505 Sqft
Property Sub-Type Triplex
Property Description
The first parcel, located at 500 N Madison Avenue (APN 5539-031-016), is priced at $549,000 and features a 3-bedroom, 2-bathroom structure totaling 1,301 square feet on a 3,000-square-foot lot. The second parcel, 3877 Middlebury Street (APN 5539-031-015), is offered at $529,000 and includes a 1-bedroom, 1-bathroom home with 805 square feet on a 2,502-square-foot lot. The third parcel, 3875 Middlebury Street (APN 5539-031-014), is listed at $399,000 and contains a 2-bedroom, 1-bathroom residence spanning 667 square feet on a 2,002-square-foot lot. The total asking price for all three parcels is $1,477,000.
By right, each parcel allows for the development of 3 residential units, enabling a total of 9 units across the combined site. However, with the application of low-income housing, the site could yield up to 17 total units—unlocking a significant increase in long-term rental income or resale value. Whether you're pursuing a hold-and-build strategy, land banking for future appreciation, or executing a ground-up multifamily project, this assemblage delivers on location, zoning flexibility, and upside potential.
This is a high-leverage opportunity in one of Los Angeles' most active rental corridors, with close proximity to major employment centers, public transit, and lifestyle amenities. Contact us now to schedule a showing.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LAR3
Interior
Interior Features Built-in Features, All Bedrooms Down, Bedroom on Main Level, Main Level Primary
Heating None
Cooling None
Flooring Carpet, Laminate, Tile
Fireplace No
Appliance Built-In Range, Gas Cooktop
Laundry Laundry Room
Exterior
Parking Features Attached Carport
Carport Spaces 2
Fence Average Condition, Chain Link
Pool None
Community Features Park, Street Lights, Sidewalks, Urban
Utilities Available Electricity Available, Natural Gas Available, Phone Available
View Y/N No
View None
Roof Type Shingle
Total Parking Spaces 2
Private Pool No
Building
Lot Description 2-5 Units/Acre, Value In Land, Yard
Faces West
Story 1
Entry Level Two
Foundation Raised, Slab
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Construction Status Fixer
Others
Senior Community No
Tax ID 5539031016
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard, Trust
Lease Land No
