128 S Madison Avenue

Los Angeles, CA 90004

  • 0 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

    Land

  • County

    Los Angeles

  • Style

    Land

  • AD ID

    49570062

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Property Details

  • Bathroom Information

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

  • 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

    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: Land
    • Area: C17 - Mid-Wilshire

    Building and Construction

    • Year Built Source: Vendor Enhanced
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BuyOwner last updated this listing 06/05/2025 @ 07:41

  • MLS: 25532205
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

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