Property
Beds
2
Full Baths
1
1/2 Baths
None
Year Built
1925
Sq.Footage
667
First time on the market! Located in the desirable Madison West Park neighborhood of East Hollywood, near Silverlake. This 2 bed / 1 bath home sits on a 2,002 SF lot and offers 667 SF of living space. The property is a true fixer and will require repairs—perfect for investors or developers looking for a value-add opportunity. Zoned for multi-family, this parcel allows for the development of up to 3 residential income units. The seller prefers to sell this home as part of a three-parcel bundle with adjacent properties at 500 N Madison Ave (3 bed / 2 bath / 1,301 SF / 3,000 SF lot) and 3877 Middlebury St (1 bed / 1 bath / 805 SF / 2,502 SF lot). Together, the three parcels total 7,504 SF of land and offer the potential to develop 9 units by right or up to 17 units with a low-income housing set-up. Ideal for seasoned investors or developers seeking a rare assemblage in a strong rental market. Total asking price for all three parcels: $1,477,000.
Features & Amenities
Interior
-
Total Bedrooms
2
-
Bathrooms
1
-
Cooling YN
NO
-
Cooling
None
-
Fireplace YN
NO
-
Main Level Bedrooms
2
Exterior
-
Garage
No
-
Pool
Yes
-
Pool Features
None
-
View
City Lights
Area & Lot
-
Lot Size(acres)
0.046
-
Property Type
Residential
-
Property Sub Type
Single Family Residence
Price
-
Sales Price
$399,000
-
Sq. Footage
667
-
Price/SqFt
$598
HOA
-
Association
NO
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
John Marshall
Property Features
-
Stories
1
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
14
-
Water Source
Public
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Location
County
Los Angeles
Elementary School
Middle School
High School
John Marshall
Listing Courtesy of Allen Wu , ALLEN WU, BROKER
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