$1,499,000
128 Madison Avenue, Los Angeles 90004
6,242
Lot Size
Listing Agent
Arash Pashaei - Keller Williams Beverly HillsAmazing 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.
Facts & Features
| MLS® # | 25532205 |
|---|---|
| Price | $1,499,000 |
| Bathrooms | 0.00 |
| Lot Size | 6,242 |
| Type | Land |
| Status | Active |
Community Information
| Address | 128 Madison Avenue |
|---|---|
| Area | C17 - Mid-Wilshire |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90004 |
Amenities
| View | None |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
Additional Information
| Date Listed | April 29th, 2025 |
|---|---|
| Days on Market | 15 |
| Zoning | LAR3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Arash Pashaei |
|---|---|
| Office | Keller Williams Beverly Hills |