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Los Angeles, CA 90029 1137 N Madison Avenue

$2,500,000

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Presented By: Noela Kim with Keller Williams Realty World Media Center; 818-813-1361
  • MLS# BB24085737
  • 04/30/2024
  • Request Tour
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  • BedBeds • 7
  • BathBaths • 4
  • FootageSQFT • 3,678
  • GarageGarage • 2

Home Details

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.
Presented By: Noela Kim with Keller Williams Realty World Media Center; 818-813-1361

Interior Features for 1137 N Madison Avenue

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsItem1CommonWall
Electric On Property Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesWasherHookup, ElectricDryerHookup
Street SuffixAvenue
Total Stories2

Other Rooms

Entry Level1

General for 1137 N Madison Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLos Angeles
Community FeaturesPark, Sidewalks
CoolingWallWindowUnits
CountyLos Angeles
Days on Market1
DirectionsBetween Santa Monica BLVD and Lexington AVE
Entry LocationLiving Room
ExclusionsWashers and dryers not included in the sale of property.
Garage Spaces2.0
Garage Y/NYes
Gross Income66132.0
HOA0.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense3322.4
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashtoExistingLoan, Conventional, Item1031Exchange
Lot Size Square Feet12209.0
MLS AreaC21 - Silver Lake - Echo Park
MaintenanceExpense5000.0
MobileHomeRemainsYNNo
Net Operating Income51919.74
New ConstructionNo
Number of Units Leased4
Open Parking Spaces4.0
Operating Expense14212.0
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property Attached Y/NYes
Property ConditionRepairsCosmetic
Property Sub Type AdditionalQuadruplex
Property SubTypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NameMadison
Tax Lot26
Tenant PaysElectricity, Gas
Total Units4
Trash Expense1350.0
View Y/NNo
Water Sewer Expense1350.0
Waterfront Y/NNo
Year Built1907
Year Built SourceAssessor
ZoningLARD1.5

Exterior for 1137 N Madison Avenue

Building Area Total3678.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem01UnitAcre
Lot Size Acres0.2803
Lot Size Area12209.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings3
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesDoorMulti, Garage
SpaNo
Total Parking6.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $2,500,000
MLS#BB24085737
List Date 04/30/2024
Property Type Multi-Family
Phone 714.964.3311
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*According to the National Association of Realtors