128 S Madison Avenue
Los Angeles, CA, 90004
$1,399,000
16 Beds
16 Baths
12,600 SqFt
0.14 Acres
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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 Details

Price:
$1,399,000
MLS #:
25571205
Status:
Active
Beds:
16
Baths:
16
Address:
128 S Madison Avenue
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
c17midwilshire
City:
Los Angeles
Listed Date:
Jul 29, 2025
State:
CA
Finished Sq Ft:
12,600
ZIP:
90004
Lot Size:
6,242 sqft / 0.14 acres (approx)
Year Built:
1948
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Interior

Appliances
Dishwasher, Disposal, Microwave, Refrigerator
Bathrooms
16 Full Bathrooms
Cooling
Central Air
Flooring
Laminate
Heating
Central
Laundry Features
Washer Included, Dryer Included

Exterior

Other Structures
Guest House
Parking Features
Carport
Parking Spots
0.00

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128 S Madison Avenue
Los Angeles, CA