1137 N Madison Avenue Los Angeles, CA ^$ 2,500,000

1137 N Madison Avenue

^$ 2,500,000

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1137 N Madison Avenue

Los Angeles, CA, 90029

^$ 2,500,000

Bedrooms7 Baths4.0 Sq 3,678

Monthly Estimate*

^$ 17,463

Listed by Keller Williams Realty World Media Center

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Multi-Family Home for sale in Los Angeles, CA

for $2,500,000 with 7 bedrooms and 4 full baths. This 3,678 square foot home was built in 1907 on a lot size of 0.2803.

Welcome to 1137 N Madison Ave offering a wonderful investment opportunity. This quadruplex offers 7 bedrooms and 4 bathrooms. The first unit is a 2 story single resident home offering 3 bedrooms and 1 bath. The second unit is a single family, single story home with 2 bedrooms and 1 bath. The third and fourth unit is a single story duplex with 1 bedroom and 1 bathroom, 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 strategic location is a short drive away from the sought after downtown LA, Echo Park, Los Feliz and West Hollywood area. This property offers a great investment opportunity and lots of potential.

Multi-Family Active

Price

^$ 2,500,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Quadruplex

Lot Size

0.2803

Year Built

1907

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

BB24085737

Days on Market

Features

General

Sewer PublicSewer

Cooling WallWindowUnits

Possession CloseOfEscrow

Zoning LARD1.5

HOA 0.0

Garage Spaces 2.0

Pool Features None

Exclusions Washers and dryers not included in the sale of property.

Year Built 1907

Tenant Pays Electricity Gas

Stories 2

Levels Two

Property SubType Quadruplex

Gross Income 66132.0

Community Features Park Sidewalks

County Los Angeles

Net Operating Income 51919.74

Operating Expense 14212.0

Insurance Expense 3322.4

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N Y

Special Listing Conditions Standard

Status Active

Directions Between Santa Monica BLVD and Lexington AVE

City Los Angeles

Entry Location Living Room

View Y/N N

Senior Community Y/N N

Open Parking Spaces 4.0

Total Units 4

MLS Area C21 - Silver Lake - Echo Park

Lot Size Square Feet 12209.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Number of Units Leased 4

Street Name Madison

Listing Terms Cash CashtoExistingLoan Conventional Item1031Exchange

Property Attached Y/N Y

Land Lease Y/N N

Home Warranty Y/N N

Property Condition RepairsCosmetic

Trash Expense 1350.0

Water Sewer Expense 1350.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 1

Building Area Units SquareFeet

Standard Status Active

Year Built Source Assessor

Tax Lot 26

Property Sub Type Additional Quadruplex

Exterior

Parking Features DoorMulti Garage

Lot Features Item01UnitAcre

Water Source Public

Total Parking 6.0

Lot Size Area 12209.0

Number of Buildings 3

Spa N

Building Area Total 3678.0

Lot Size Acres 0.2803

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 4

Number of Separate Electric Meters 4

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Fireplace Features None

Total Stories 2

Common Walls Item1CommonWall

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N N

Fireplace Y/N N

Street Suffix Avenue

Laundry Features WasherHookup ElectricDryerHookup

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 1137

* Excluded Features

List By

Keller Williams Realty World Media Center

Broker

(818) 239-3500

Phone

Affordability Calculator

$17,463

Per Month

Monthly Principal & Interest: $17,463
Monthly Property Taxes: --
Monthly Home Insurance: --

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Loan Term

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,983,367

Percent of Sale Price 21%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/30/2024	$2,500,000		Listed Price

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1137 N Madison Avenue, Los Angeles, CA, 90029 is a Multi-Family Home for sale at $2,500,000 with 3,678 sqft and a lot size of 0.2803. 1137 N Madison Avenue has 7 bedrooms, 4.0 baths, and was built in 1907. The property's zip code is 90029 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/22/2024. 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.

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1137 N Madison Avenue

Multi-Family Home for sale in Los Angeles, CA

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