There are multiple listings for this address:
500 N Madison Avenue
Los Angeles, CA, 90004
$1,477,000
Beds
0 Baths
SqFt
0.17 Acres
Add
Hitting the market for the first time, this rare assemblage in the East Hollywood submarket of Madison West Park—just minutes from the thriving Silverlake corridor—presents a compelling opportunity for forward-thinking investors and developers. Comprising three contiguous parcels, this offering totals 7,504 square feet of land across prime L.A. land, currently improved with income-generating single-family residences.

The first parcel, located at 500 N Madison Avenue (APN 5539-031-016), is priced at $549,000 and features a 3-bedroom, 2-bathroom structure totaling 1,301 square feet on a 3,000-square-foot lot. The second parcel, 3877 Middlebury Street (APN 5539-031-015), is offered at $529,000 and includes a 1-bedroom, 1-bathroom home with 805 square feet on a 2,502-square-foot lot. The third parcel, 3875 Middlebury Street (APN 5539-031-014), is listed at $399,000 and contains a 2-bedroom, 1-bathroom residence spanning 667 square feet on a 2,002-square-foot lot. The total asking price for all three parcels is $1,477,000.

By right, each parcel allows for the development of 3 residential units, enabling a total of 9 units across the combined site. However, with the application of low-income housing, the site could yield up to 17 total units—unlocking a significant increase in long-term rental income or resale value. Whether you&#39're pursuing a hold-and-build strategy, land banking for future appreciation, or executing a ground-up multifamily project, this assemblage delivers on location, zoning flexibility, and upside potential.

This is a high-leverage opportunity in one of Los Angeles’ most active rental corridors, with close proximity to major employment centers, public transit, and lifestyle amenities. Contact us now to schedule a showing.

Property Details

Price:
$1,477,000
MLS #:
CV25167381
Status:
Active
Baths:
0
Address:
500 N Madison Avenue
Type:
Residential Income
Subtype:
Triplex
Neighborhood:
c20hollywood
City:
Los Angeles
Listed Date:
Jul 5, 2025
State:
CA
ZIP:
90004
Lot Size:
7,504 sqft / 0.17 acres (approx)
Year Built:
1946
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Schools

School District:
Los Angeles Unified
High School:
John Marshall

Interior

Appliances
Built- In Range, Gas Cooktop
Cooling
None
Flooring
Carpet, Laminate, Tile
Heating
None
Interior Features
Built-in Features

Exterior

Community Features
Park, Sidewalks, Street Lights, Urban
Fencing
Average Condition, Chain Link
Foundation Details
Raised, Slab
Garage Spaces
0.00
Lot Features
2-5 Units/ Acre, Value In Land, Yard
Parking Features
Attached Carport
Parking Spots
2.00
Pool Features
None
Roof
Shingle
Sewer
Public Sewer
Spa Features
None
Stories Total
1
View
None
Water Source
Public

Financial

Association Fee
0.00
Tenant Pays
All Utilities
Utilities
Electricity Available, Natural Gas Available, Phone Available

Map

Community

Similar Listings Nearby

500 N Madison Avenue
Los Angeles, CA
500 N Madison Avenue
Los Angeles, CA, 90004
$549,000
3 Beds
2 Baths
1,301 SqFt
0.07 Acres
Add
Hitting the market for the first time, this rare assemblage in the East Hollywood submarket of Madison West Park—just minutes from the thriving Silverlake corridor—presents a compelling opportunity for forward-thinking investors and developers. Comprising three contiguous parcels, this offering totals 7,504 square feet of land across prime L.A. land, currently improved with income-generating single-family residences.

The first parcel, located at 500 N Madison Avenue (APN 5539-031-016), is priced at $549,000 and features a 3-bedroom, 2-bathroom structure totaling 1,301 square feet on a 3,000-square-foot lot. The second parcel, 3877 Middlebury Street (APN 5539-031-015), is offered at $529,000 and includes a 1-bedroom, 1-bathroom home with 805 square feet on a 2,502-square-foot lot. The third parcel, 3875 Middlebury Street (APN 5539-031-014), is listed at $399,000 and contains a 2-bedroom, 1-bathroom residence spanning 667 square feet on a 2,002-square-foot lot. The total asking price for all three parcels is $1,477,000.

By right, each parcel allows for the development of 3 residential units, enabling a total of 9 units across the combined site. However, with the application of low-income housing, the site could yield up to 17 total units—unlocking a significant increase in long-term rental income or resale value. Whether you&#39're pursuing a hold-and-build strategy, land banking for future appreciation, or executing a ground-up multifamily project, this assemblage delivers on location, zoning flexibility, and upside potential.

This is a high-leverage opportunity in one of Los Angeles’ most active rental corridors, with close proximity to major employment centers, public transit, and lifestyle amenities. Contact us now to schedule a showing.

Property Details

Price:
$549,000
MLS #:
CV25167404
Status:
Active
Beds:
3
Baths:
2
Address:
500 N Madison Avenue
Type:
Single Family
Subtype:
Triplex
Neighborhood:
c20hollywood
City:
Los Angeles
Listed Date:
Jul 5, 2025
State:
CA
Finished Sq Ft:
1,301
ZIP:
90004
Lot Size:
3,000 sqft / 0.07 acres (approx)
Year Built:
1946
Ask a Question

See this Listing

Send
  

Mortgage Calculator

 

Schools

School District:
Los Angeles Unified
High School:
John Marshall

Interior

Appliances
Built- In Range, Gas Cooktop
Cooling
None
Flooring
Carpet, Laminate, Tile
Heating
None
Interior Features
Built-in Features

Exterior

Community Features
Park, Sidewalks, Street Lights, Urban
Fencing
Average Condition, Chain Link
Foundation Details
Raised, Slab
Garage Spaces
0.00
Lot Features
2-5 Units/ Acre, Value In Land, Yard
Parking Features
Attached Carport
Parking Spots
2.00
Pool Features
None
Roof
Shingle
Sewer
Public Sewer
Spa Features
None
Stories Total
1
View
None
Water Source
Public

Financial

Association Fee
0.00
Utilities
Electricity Available, Natural Gas Available, Phone Available

Map

Community

Similar Listings Nearby