$1,150,000

557 N Madison Avenue, Los Angeles, CA

0.17

Acres

A Phenomenal opportunity to redevelop this 7,505 sqft flat lot zoned for R3/TOC Tier 3. There is an existing 1,657 single family home and a detached garage on the land. This property is in the heart of Los Angeles which is easily accessible directly off the 101 FWY. The property is securely gated and the extensive driveway can accommodate up to 8 cars, plus 4 more in the garage for a total of 12 parking spaces! The oversized garage is a detached building measuring approximately 24 feet wide by 33 feet long with 14-foot-high ceilings! The possibilities for this versatile structure are endless! Imagine a private workshop or an ADU conversion? The spacious backyard has plenty of room so it could possibly be used to build another ADU! This exceptional property is a rare gem and a must see!!! 3D renderings are for illustration purposes only and are not an indication of what the city will approve.

Facts & Features

MLS® # OC21125785
Price $1,150,000
Bathrooms 0.00
Acres 0.17
Type Land
Status Active

Community Information

Address 557 N Madison Avenue
Area 699 - Not Defined
City Los Angeles
County Los Angeles
State CA
Zip Code 90004

Amenities

Utilities Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View None
Is Waterfront No
Has Pool No

Interior

Has Basement No
Fireplace No

Exterior

Lot Description Back Yard, Front Yard, Garden, Lawn, Rectangular Lot, Street Level

Additional Information

Date Listed June 9th, 2021
Days on Market 5
Zoning LAR3
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentMichael Pasqualino
OfficeDoor Finder Real Estate

Listing Map

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