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1137 N Madison Avenue

Los Angeles (City), CA 90029
  • $2,249,000
  • STATUS: Active
  • ON SITE: 224 Days
  • ID#: BB24085737
UPDATED: 103 min ago
$2,249,000
  • 0
    BEDS
  • 0.28
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1907
County:

School Ratings & Info

Listing Agent(s): Noela Kim of Keller Williams Realty World Media Center (818-239-3500)


Description

Welcome to 1137 N Madison Ave offering a wonderful investment opportunity. This property includes four separate addresses (1137, 1137 , 1139, and 1139 ). 1137 has is 2-story single resident home offering 3 bedrooms and 1 bath plus a water closet. 1137 is a single-family, single-story home with 2 bedrooms and 1 bath. 1139 and 1139 are within a duplex, each with 1 bedroom and 1 bathroom, and 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 property is located within mile of the Vermont/Santa Monica transit station, and is currently zoned for TOC Tier 4, enabling possible advantages to prospective builders (buyer must exercise due diligence in determining all current zoning details and implications).The strategic location is a short drive away from the sought after downtown LA, Echo Park, Los Feliz and West Hollywood area and features a communal garden and park within 500 feet of the property. This property offers a great investment opportunity and lots of potential.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-12-11T00:27:44.937. 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 deemed reliable but is not guaranteed accurate by the MLS or CFC Realty, Inc. Licensed in the State of California, USA.
www.cfc-realty.com/homes/150028245
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1137 N Madison Avenue Los Angeles (City), CA 90029

  • Price: $2,249,000
  • Status: Active
  • On Site: 224 Days
  • Updated: 103 min ago
  • ID#: BB24085737
0
Beds
0
Baths
0
½ Baths
0.28
Acres
1907
Built
Neighborhood:
C21 - Silver Lake - Echo Park
County:
Los Angeles
Area:
C21 - Silver Lake - Echo Park
Property Description
Welcome to 1137 N Madison Ave offering a wonderful investment opportunity. This property includes four separate addresses (1137, 1137 , 1139, and 1139 ). 1137 has is 2-story single resident home offering 3 bedrooms and 1 bath plus a water closet. 1137 is a single-family, single-story home with 2 bedrooms and 1 bath. 1139 and 1139 are within a duplex, each with 1 bedroom and 1 bathroom, and 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 property is located within mile of the Vermont/Santa Monica transit station, and is currently zoned for TOC Tier 4, enabling possible advantages to prospective builders (buyer must exercise due diligence in determining all current zoning details and implications).The strategic location is a short drive away from the sought after downtown LA, Echo Park, Los Feliz and West Hollywood area and features a communal garden and park within 500 feet of the property. This property offers a great investment opportunity and lots of potential.
Exterior Features

Entry Level 1 Entry Location Living Room Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 4 Open Parking Spaces 4 Parking Features Door-MultiGarage Parking Total 6 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 1 Common Wall Cooling Wall/Window Unit(s) Cooling YN Yes Fireplace Features None Fireplace YN No

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features ParkSidewalks Exclusions Washers and dryers not included in the sale of property. Garage YN Yes Gross Income 66132 Gross Scheduled Income 66132 Insurance Expense 3322.4 Land Lease YN No Laundry Features Washer HookupElectric Dryer Hookup Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to Existing LoanConventional1031 Exchange Maintenance Expense 5000 Net Operating Income 51919.74 New Construction YN No Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 14212 Other Expense 1200 Possession Close Of Escrow Property Condition Repairs Cosmetic Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Trash Expense 1350 Water Sewer Expense 1350 Water Source Public Zoning LARD1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-12-11T00:27:44.937. 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 deemed reliable but is not guaranteed accurate by the MLS or CFC Realty, Inc. Licensed in the State of California, USA.
 
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CFC Realty, Inc
931 Pueblo Drive
Lake Havasu City AZ, 86406
Listing Agent(s): Noela Kim of Keller Williams Realty World Media Center (818-239-3500)