128 S Madison Avenue
Los Angeles, CA 90004
- – beds
- – baths
- 6,242 sqft
- 6,242 sqft lot
- $240 per sqft
- – on site
Amazing Development Opportunity in Prime Mid-Wilshire area Adjacent to Silver Lake. This exceptional investment opportunity comes with submitted plans for a 13-unit apartment building allowing a savvy investor or developer to save money and time on acquiring the RTI plans. The architectural plans feature 10 spacious 1-bed/1-bath units, 3 premium 2-bed/2-bath units, and 2 recreation rooms, with a total Gross Building Area of 12,600 sqft and Gross Living Area of 7,700 sqft. Additionally, the project qualifies for both the ED1 and CHIP offering significant time and cost-saving development benefits. All the architectural and engineering fees have been paid. The house is currently furnished and rented on month to month basis colleting approximately $4000/month. It can be delivered both vacant or with tenant, allowing an investor to collect rent while working toward RTI. Located just moments from Metro stations, vibrant nightlife, dining, and cultural landmarks, this property sits in one of L.A.'s strongest rental markets.
Last checked:
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Last updated May 7, 2025
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MLS# CL25532205 —
This property is listed in more than one place. See it here, and here, and here.
The Building
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Building Area Units:Square Feet
Room Dimensions
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Living Area:6242
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Living Area Units:Square Feet
Location
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Directions:East of Vermont Ave, South of B
The Property
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Property Type:Land
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Property Subtype:Unimproved Land
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Parcel Number:5501015021
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Zoning:LAR3
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Lot Size Area:0.14
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Lot Size Acres:0.14
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Lot Size SqFt:6242
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Lot Size Units:Acres
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View:None
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View:false
Listing Agent
- Contact info:
- Agent phone:
- (310) 402-9161
The Community
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Association:false
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/1/25
May 1, 2025
|
Listed / Active | BRIDGE | $1,499,000 | 42.6% (25.3% / YR) |
|
8/25/23
Aug 25, 2023
|
BRIDGE | $1,051,000 | 0.1% | |
|
7/26/23
Jul 26, 2023
|
BRIDGE | $1,050,000 |
