506 N Madison Avenue, Los Angeles, CA 90004


Square feet


Lot Size


# Of Units

Listing Agent
Jason Tuvia - Marcus & Millichap

We are pleased to present a four (4) unit apartment building located at 506 N Madison Avenue in Los Angeles, California. The subject property is situated in a good East Hollywood location two (2) blocks outside Silver Lake, south of Melrose Avenue and west of N Virgil Avenue. Built in 1963, this property contains a streamlined unit mix of four (4) two-bedroom / one-bathroom units. These bright units feature tons of windows letting in natural light. Each room is spacious and well kept with lots of built-in closet space. The kitchens feature Terra Cota tiles, a stove/oven combo, refrigerator, and tons of dark wood cabinet space. The four (4) units sit in a near 3,500 SF building on a near 5,000 SF lot. This lot is gated and secure with controlled entry access. The property features plenty of onsite parking with four (4) spots in back and two (2) additional spots in front. There is ample space to add up to two (2) ADU unit(s). Residents of the subject property enjoy the dominant access to nearby commercial corridors and outdoor space. Tenants can walk two (2) blocks north to Melrose Ave to visit It's Boba Time, Tasty's Juice Bar, Going Underground Records, and the LA Museum of Love. Outdoor recreation is available right across the street at Madison West Park, a quaint green space with a newer playground. Situated just two (2) blocks from Silver Lake, this offering presents an excellent opportunity for any investor capitalize on a highly leveraged 30-year fixed residential loan with a possible owner-user play.

Facts & Features

MLS® # 23273201
Price $1,250,000
Bathrooms 0.00
Square Footage 3,496
Lot Size 4,998
Year Built 1963
Type Residential Income
Status Active
# Of Units 4

Community Information

Address 506 N Madison Avenue
Area C21 - Silver Lake - Echo Park
City Los Angeles
County Los Angeles
State CA
Zip Code 90004


Parking Spaces 4
Parking Controlled Entrance, Driveway, Gated, Uncovered
Garages Controlled Entrance, Driveway, Gated, Uncovered
View City Lights
Is Waterfront No
Has Pool No
Pool None


Appliances Refrigerator
Heating Wall Furnace
Has Basement No
Fireplace No
# of Stories 2


Lot Description Rectangular Lot

Additional Information

Date Listed May 23rd, 2023
Days on Market 7
Zoning LAR3
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentJason Tuvia
OfficeMarcus & Millichap

Listing Map

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