128 S Madison Avenue

Los Angeles, CA 90004

  • 16 Bed(s)
  • 16 Bath(s)
  • 12,600 Sqft
  • 6242
    Sqft(Lot)
$1,499,000

Description

Amazing development opportunity in prime mid-wilshire area adjacent to silver lake. this exceptional investment opportunity comes with submitted plans for a 13-unit apartment building allowing a savvy investor or developer to save money and time on acquiring the rti plans. the architectural plans feature 10 spacious 1-bed/1-bath units, 3 premium 2-bed/2-bath units, and 2 recreation rooms, with a total gross building area of 12,600 sqft and gross living area of 7,700 sqft. additionally, the project qualifies for both the ed1 and chip offering significant time and cost-saving development benefits. all the architectural and engineering fees have been paid. the house is currently furnished and rented on month to month basis colleting approximately $4000/month. it can be delivered both vacant or with tenant, allowing an investor to collect rent while working toward rti. located just moments from metro stations, vibrant nightlife, dining, and cultural landmarks, this property sits in one of l.a.'s strongest rental markets.

  • Property Type

    Residential

  • County

    Los Angeles

  • Style

    Residential

  • AD ID

    49552716

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Property Details

  • Bedroom Information

    • Total Bedrooms : 16

    Bathroom Information

    • Total Baths: 16
    • Full Baths: 16
    • Half Baths: 0

    Interior Features

    • Property Appliances: Dishwasher,Disposal,Microwave,Refrigerator,Dryer,Washer
    • Fireplace: None
    • Flooring: Laminate
    • Furnished Description: Furnished Or Unfurnished

    Cooling Features

    • Central Air
    • Air Conditioning

    Heating Source

    • Central
    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 1

  • Building Information

    • Year Built: 1948
    • Building Area Total: 12,600

    Pool Features

    • None

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1433
    • Lot Size Dimensions: 52x120
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 6242

  • Listing Price Information

    • Original List Price: 1,499,000
    • Listing Contract Date: 2025-04-29

    Lease Information

    • Listing Agreement: Seller Reserved

  • Tax Information

    • Parcel Number: 5501015021

  • Garage and Parking

    • Garage Description: Carport

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: C17 - Mid-Wilshire
    • Postal Code Plus 4: 6052
    • Directions: East of Vermont Ave, South of Beverly Blvd, West of Virgil Ave
    • Zoning: LAR3
    • Source Property Type: Residential
    • Area: C17 - Mid-Wilshire
    • Property SubType: Single Family Residence

    Building and Construction

    • Property Age: 77
    • Common Walls: No Common Walls
    • Structure Type: Single Family Residence
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 12600
    • Levels or Stories: One
    • Building Total Stories: 1
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BuyOwner last updated this listing 05/14/2025 @ 00:39

  • MLS: 25529221
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 16 bedrooms which is for sale, it has 12,600 sqft, 6,242 sized lot, and 0 parking. are nearby neighborhoods.