1137 N Madison Avenue
Property Description
Welcome to 1137 N Madison Ave, a rare and versatile property offering exceptional potential investment. The 1137 residence is a two-story single-family home featuring three bedrooms, one bathroom, and an additional water closet. 1137 1/2 is a detached, single-story home with two bedrooms and one bathroom. 1139 and 1139 1/2 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). 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.
Broker Details
Keller Williams World Media Center (818) 239-3500
MLS ID: BB42913 State License Number: 02177870
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,295,000 |
| No. of Units: | 4 |
| Year Built: | 1907 |
| Opportunity Zone: | No |
| Price per unit: | $323,750 |
| Number of Bedrooms: | 7 |
| Number of Bathrooms: | 4 |
ID: 3yd-MRMLSCA-BB26023598
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