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Rick Lee

rickjleehomes@gmail.com +1(714) 943-1598

$ 2,249,000

Est. payment -/mo

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1137 N Madison AVE Los Angeles, CA 90029

0.28 Acres Lot

UPDATED:

09/30/2024 06:49 PM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID BB24085737

Construction Status Repairs Cosmetic

HOA Y/N No

Year Built 1907

Lot Size 0.280 Acres

Property Description

Welcome to 1137 N Madison Ave offering a wonderful investment opportunity. This property includes four separate addresses (1137, 1137 ½, 1139, and 1139 ½). 1137 has is 2-story single resident home offering 3 bedrooms and 1 bath plus a water closet. 1137 ½ is a single-family, single-story home with 2 bedrooms and 1 bath. 1139 and 1139 ½ are within a duplex, each with 1 bedroom and 1 bathroom, and each with a single car garage for each unit. With a generous amount of land, the opportunities this property holds for future builds are endless. The property is located within ½ mile of the Vermont/Santa Monica transit station, and is currently zoned for TOC Tier 4, enabling possible advantages to prospective builders (buyer must exercise due diligence in determining all current zoning details and implications). The strategic location is a short drive away from the sought after downtown LA, Echo Park, Los Feliz and West Hollywood area and features a communal garden and park within 500 feet of the property. This property offers a great investment opportunity and lots of potential.

Location

State CA

County Los Angeles

Area C21 - Silver Lake - Echo Park

Zoning LARD1.5

Rooms

Ensuite Laundry Washer Hookup, Electric Dryer Hookup

Interior

Laundry Location Washer Hookup,Electric Dryer Hookup

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Laundry Washer Hookup, Electric Dryer Hookup

Exterior

Garage Door-Multi, Garage

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Park, Sidewalks

Parking Type Door-Multi, Garage

Total Parking Spaces 6

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Construction Status Repairs Cosmetic

Others

Senior Community No

Tax ID 5542029031

Acceptable Financing Cash, Cash to Existing Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to Existing Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

Listed by Noela Kim • Keller Williams Realty World Media Center • 818-813-1361

Rick Lee

Team Leader | License ID: 02130981

+1(714) 943-1598

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Rick Lee

Rick Lee

1137 N Madison AVE Los Angeles, CA 90029

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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1137 N Madison AVE