1137 N Madison AvenueLos Angeles, CA 90029

Multi-Family · 3,678 Sq. ft. | 0.28 Acres
$1,295,000 Active

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.

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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

36
Median Age
26,529
Population Density (per sq. mile)
39%
College Educated
$45,004
Estimated Median Income
1,442
Estimated Total Home Owners
12,185
Estimated Total Renters
11% / 89%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

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

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1137 N Madison Avenue Market Data

Based on the last 30 days in this zip code

$1,304,168
Average List Price
$759
Average Price per Square Foot
9
Properties Sold
81
Average Days on Market
95
Properties for Sale
Calculations provided by Reliance Network

1137 N Madison Avenue History

Date Event Value Agent
2/12/2026Source: CRMLS Price Reduction
$1,295,000 -13.4%
2/2/2026Source: CRMLS Added to Database
February 02, 2026
Listing provided courtesy of Keller Williams Realty World Media CenterNoela Kim- MLS# BB26023598MLS ProviderContact Information: [email protected] - 818-239-3500
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