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+15624180777
Berkshire Hathaway
500 N Madison Avenue, Los Angeles, CA 90004
- $550,000
- 3
- BD
- 2
- BA
- 1,301
- SqFt
- Sold Price
- $550,000
- List Price
- $549,000
- Closing Date
- Oct 14, 2025
- Status
- CLOSED
- MLS#
- CV25167404
- Year Built
- 1946
- Bedrooms
- 3
- Bathrooms
- 2
- Living Sq. Ft
- 1,301
- Lot Size
- 3,000
- Acres
- 0.07
- Lot Location
- 0-1 Unit/Acre, Corner Lot
- Days on Market
- 101
- Property Type
- Single Family Residential
- Property Sub Type
- Single Family Residence
- Stories
- One Level
Property Description
Offered at $549,000, 500 N Madison Avenue presents a rare opportunity in the up-and-coming Madison West Park neighborhood of East Hollywood, just minutes from Silverlake. Hitting the market for the first time, this 3-bedroom, 2-bathroom single-family residence offers 1,301 square feet of living space on a 3,000-square-foot lot. The property retains its original charm but has not been recently updated and will require renovation or redevelopment—perfect for investors looking for value-add potential or ground-up opportunities. The owner strongly prefers to sell this parcel as part of a bundled sale with two neighboring properties: 3877 Middlebury Street, a 1-bedroom, 1-bathroom home with 805 square feet of living area on a 2,502-square-foot lot, listed at $529,000 (APN 5539-031-015); and 3875 Middlebury Street, a 2-bedroom, 1-bathroom home with 667 square feet on a 2,002-square-foot lot, listed at $399,000 (APN 5539-031-014). The total asking price for all three parcels is $1,477,000. Together, these three parcels span 7,504 square feet of land with significant redevelopment potential. Current zoning allows for the construction of three residential income units per lot, enabling a total of 9 units by right. Alternatively with a low-income housing set-up, the site could yield up to 17 total units—ideal for investors and developers seeking scale and long-term upside in a high-demand rental submarket. We encourage you to act early to explore this rare opportunity to assemble and transform a prime site in one of Los Angeles’ most dynamic neighborhoods.
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Additional Information
- Appliances
- Built-In Range
- Pool Description
- None
- Heat
- None
- Cooling Description
- None
- View
- City Lights
- Patio
- Porch
- Sewer
- Public Sewer
- Water
- Public
- School District
- Los Angeles Unified
- High School
- John Marshall
- Interior Features
- Ceiling Fan(s), All Bedrooms Down, Bedroom on Main Level
- Attached Structure
- Detached
- Number Of Units Total
- 1
Listing courtesy of Listing Agent: Allen Wu (LILUNWU@HOTMAIL.COM) from Listing Office: ALLEN WU, BROKER.
Listing sold by Arnold Wu from NONMEMBER MRML
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.