$2,249,000 Price Analysis   ♡   Los Angeles, CA 90029 7 bed 4 bath 3,678 SqFt ($611/SqFt) 0.28 acre lot. Built 1907 Listed 2024-04-30, Taxes $1,955 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
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 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 exceptional investment opportunity and lots of potential.
Presented by Noela Kim at
Keller Williams Realty World Media Center.
Property MLS #BB24085737 from CRMLS
Lot Size Acres: 0.2803
Lot Size Source: Assessor
Lot Size Square Feet: 12209
Parking Features: Parking YN: Yes, Parking Features: Garage - Two Door
Parking Total: 6
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Unit-3 Garage Spaces: 1
Unit-4 Garage Spaces: 1
Maintenance Expense: 5000.00
Tenant Pays: Electricity, Gas
Rent Control: Yes
County: Los Angeles
Other Expense: 1200.00
Source Property Type: Residential Income
Exclusions: Washers and dryers not included in the sale of property.
Insurance Expense: 3322.40
Area: C21 - Silver Lake - Echo Park
Source Neighborhood: C21 - Silver Lake - Echo Park
Number of Separate Electric Meters: 4
Number of Separate Gas Meters: 4
Number of Separate Water Meters: 1
Parcel Number: 5542029031
Postal Code Plus 4: 1807
Trash Expense: 1350.00
Zoning: LARD1.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $31,042 + $71,594 $102,636 | $1,955 |
| 2021 | $30,434 + $70,191 $100,625 | $1,914 |
| 2020 | $30,122 + $69,472 $99,594 | $1,921 |
| 2019 | $29,532 + $68,110 $97,642 | $1,873 |
| 2018 | $28,953 + $66,775 $95,728 | $1,680 |
| 2017 | $28,386 + $65,466 $93,852 | $1,652 |
| 2016 | $27,830 + $64,183 $92,013 | $1,573 |
| 2015 | $27,412 + $63,219 $90,631 | $1,557 |
| 2014 | $26,876 + $61,981 $88,857 | $1,593 |
| 2013 | $26,755 + $61,701 $88,456 | $1,593 |
| 2012 | $26,231 + $60,492 $86,723 | $1,612 |
| 2010 | $25,717 + $59,306 $85,023 | $1,656 |
| 2009 | $25,586 + $59,003 $84,589 | $1,556 |
| 2009 | $25,525 + $58,863 $84,388 | $1,556 |
| 2008 | $25,085 + $57,847 $82,932 | $1,511 |
| 2007 | $24,594 + $56,713 $81,307 | $1,452 |
$2,249,000
CRMLS
Listed 2024-04-30
$2,500,000
CRMLS
Year Built: 1907
Building Features: 3
Common Walls: 1 Common Wall
Entry Level: 1
Entry Location: Living Room
Property Age: 117
Property Attached: Yes
Property Condition: Repairs Cosmetic
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Quadruplex
Year Built Source: Assessor
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.