500 N Madison Avenue, Los Angeles, CA 90004
Local realty services provided by:Better Homes and Gardens Real Estate Clarity



500 N Madison Avenue,Los Angeles, CA 90004
$1,477,000
- 0.17 Acres
- Lots / Land
- Active
Listed by:allen wu
Office:allen wu, broker
MLS#:CV25167388
Source:CRMLS
Price summary
- Price:$1,477,000
About this home
Hitting the market for the first time, this rare assemblage in the East Hollywood submarket of Madison West Park—just minutes from the thriving Silverlake corridor—presents a compelling opportunity for forward-thinking investors and developers. Comprising three contiguous parcels, this offering totals 7,504 square feet of land across prime L.A. infill, currently improved with income-generating single-family residences.
The first parcel, located at 500 N Madison Avenue (APN 5539-031-016), is priced at $549,000 and features a 3-bedroom, 2-bathroom structure totaling 1,301 square feet on a 3,000-square-foot lot. The second parcel, 3877 Middlebury Street (APN 5539-031-015), is offered at $529,000 and includes a 1-bedroom, 1-bathroom home with 805 square feet on a 2,502-square-foot lot. The third parcel, 3875 Middlebury Street (APN 5539-031-014), is listed at $399,000 and contains a 2-bedroom, 1-bathroom residence spanning 667 square feet on a 2,002-square-foot lot. The total asking price for all three parcels is $1,477,000.
By right, each parcel allows for the development of 3 residential units, enabling a total of 9 units across the combined site. However, with the application of low-income housing, the site could yield up to 17 total units—unlocking a significant increase in long-term rental income or resale value. Whether you're pursuing a hold-and-build strategy, land banking for future appreciation, or executing a ground-up multifamily project, this assemblage delivers on location, zoning flexibility, and upside potential.
This is a high-leverage opportunity in one of Los Angeles’ most active rental corridors, with close proximity to major employment centers, public transit, and lifestyle amenities. Contact us now to schedule a showing.
Contact an agent
Home facts
- Listing Id #:CV25167388
- Added:22 day(s) ago
- Updated:August 22, 2025 at 10:25 AM
Structure and exterior
- Lot area:0.17 Acres
Utilities
- Water:Public
Finances and disclosures
- Price:$1,477,000
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