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 #:
25572951
Status:
Active
Baths:
0
Address:
128 S Madison Avenue 5501015021
Type:
Land
Neighborhood:
c17midwilshire
City:
Los Angeles
Listed Date:
Aug 1, 2025
State:
CA
ZIP:
90004
Lot Size:
6,242 sqft / 0.14 acres (approx)
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- Address128 S Madison Avenue 5501015021 Los Angeles CA
- AreaC17 – Mid-Wilshire
- CityLos Angeles
- CountyLos Angeles
- Zip Code90004
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128 S Madison Avenue 5501015021
Los Angeles, CA
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