1137 N Madison Avenue Overview
- Time on Site:
- 147 days
- Visits:
- 2
Welcome to 1137 N Madison Ave, a rare and versatile property offering exceptional potential investment. The location of the property offers many advantages for potential investments and builds. The 1137 residence is a two-story single-family home featuring three bedrooms, one bathroom, and an additional water closet. 1137½ is a detached, single-story home with two bedrooms and one bathroom. 1139 and 1139½ make up a duplex, with each unit offering one bedroom, one bathroom, and a dedicated single-car garage. Set on a generous lot, the property provides multiple income-producing units along with significant upside for future development. Currently zoned TOC Tier 4, the site may offer favorable incentives for expansion or redevelopment (buyer to conduct due diligence regarding zoning and development potential). Thus property offers many advantages as it is located within approximately 900 feet from the Metro station and within 300 feet from the one of a kind Madison Avenue Park and Community Garden. Located within half a mile of the Vermont/Santa Monica transit station, the property benefits from excellent accessibility and is just steps from a communal garden and park. Its central location allows for easy access to Downtown Los Angeles, Echo Park, Los Feliz, and West Hollywood—areas with consistently strong rental demand. With its multiple units, desirable location, transit-oriented zoning, and development flexibility, this property presents the potential for a highly attractive investment opportunity with both immediate and long-term returns.
1137 N Madison Avenue Facts & Features
- Type Multi-Family
- Sq. ft. 3,678
- Price/Sq.ft. $352
- Lot 0.28 Acres
Details
General
Association/HOA
- Association: No
- Common Interest: None
Income/Expenses
- Other Expense: 1200.0
- Gross Income: 66123.0
- Gross Scheduled Income: 66123.0
- Insurance Expense: 3322.0
- Maintenance Expense: 5000.0
- Net Operating Income: 51920.0
- Operating Expense: 14212.0
- Trash Expense: 1350.0
- Water Sewer Expense: 1350.0
Listing Information
- Contingency: PRIVATE REMARKS: Please submit all offers with pre-approved letter to [email protected] in a SINGLE PDF. Buyers must cross qualify with Christine Hatch of The Mortgage Group 818-314-4648. . All information is deemed to be correct but not guaranteed. Buyers and Buyers agents are advised to conduct their own investigations of the property and the information contained herein, utilizing professionals where appropriate before purchasing this property. DRIVE BY ONLY. INTERIOR SHOWING SUBJECT TO ACCEPTED OFFER.
Building Information
- New Construction: No
- Year Built: 1907
Location/Region
- Country: US
- County Or Parish: Los Angeles
- MLS Area Major: C21 - Silver Lake - Echo Park
- Postal City: LOS ANGELES
Community/Development
- Community Features: Park
Rent/Lease Information
- Land Lease: No
General Information
- Exclusions: Washers and dryers not included in the sale of property.
- Listing Terms: Cash,Cash to New Loan,Conventional,1031 Exchange
- Parcel Number: 5542029031
- Property Sub Type: Quadruplex
- Property Type: Residential Income
- Rent Control: Yes
- Senior Community: No
- Special Listing Conditions: Standard
Interior
Parking Information
- Garage Spaces: 2.0
- Garage: Yes
Building Interior
- Building Area Total: 3678.0
- Building Area Units: Square Feet
General Information
- Common Walls: 1 Common Wall
- Entry Level: 1
- Entry Location: Living Room
- Fireplace Features: None
- Fireplace: No
- Laundry Features: Washer Hookup,Electric Dryer Hookup
- Stories Total: 2
Exterior
Parking Information
- Open Parking Spaces: 4.0
- Parking Total: 6.0
Lot Information
- Additional Parcels: No
- Lot Features: Back Yard,Front Yard,Rectangular Lot
- Lot Size Acres: 0.2803
- Lot Size Area: 12209.0
- Lot Size Source: Assessor
- Lot Size Square Feet: 12209.0
- Lot Size Units: Square Feet
- Number Of Buildings: 3
- Number Of Separate Electric Meters: 4
- Number Of Separate Gas Meters: 4
- Number Of Separate Water Meters: 1
- Elevation Units: Feet
- Water Source: Public
Building Exterior/Construction
- Property Attached: Yes
General Information
- Number Of Units Total: 4
- Pool Features: None
- Pool Private: No
- Sewer: Public Sewer
1137 N Madison Avenue Neighborhood
Community
90029 (LOS ANGELES) Demographics
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.1137 N Madison Avenue Monthly Cost
1137 N Madison Avenue Market Data
Based on the last 30 days in this zip code
1137 N Madison Avenue History
| Date | Value | Agent |
|---|---|---|
| 2/12/2026Source: CRMLS | $1,295,000 -13.4% |
|
| 2/2/2026Source: CRMLS | February 02, 2026 |
Contact Information: [email protected] - 818-239-3500