128 S Madison Ave Los Angeles, CA 90004
Koreatown Neighborhood
3
Beds
1.5
Baths
1,320
Sq Ft
6,240
Sq Ft Lot
Highlights
- Detached Guest House
- Wood Flooring
- Lawn
- Traditional Architecture
- Furnished
- No HOA
About This Home
As of August 2023Introducing an exceptional investment opportunity at 128 South Madison Ave! This prime property is situated in a bustling location, offering tremendous potential for those seeking a lucrative adventure. With this desirable location and diverse range of possible uses, this opportunity presents an attractive proposition for investors or a traditional buyer looking for a great starter home with great potential. Featuring a spacious interior and well-maintained facade, this home offers an inviting atmosphere and cozy interior. The property boasts a strategic location in a thriving, growing residential and continuously developed area, ensuring easy accessibility to everything. Its proximity to major transportation, routes and amenities makes it an ideal choice for its residents. Whether you envision living in this home or developing into multi units. The property sits on a residential cul-de-sac. Located in Koreatown/ Rampart Village, very close to DTLA, Silverlake, Larchmont and Echo Park. With a high walkability score to shops, food, and schools. Investing in 128 S. Madison means securing a property with enormous potential for growth and long-term returns. Whether you're an experienced Investor looking to diversify your portfolio or an aspiring home owner, ready to embark on a new venture, this opportunity offers a perfect foundation for success. Garage has been converted to a living quarter. There is an extra detached room, making it a total of 5 bedrooms. Property will be delivered vacant. Don't miss out on the chance to acquire this highly sought after investment opportunity.
Last Agent to Sell the Property
Equity Smart Real Estate Services License #02048039 Listed on: 07/19/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $13,000
Year Built
- Built in 1948
Lot Details
- 6,240 Sq Ft Lot
- Lot Dimensions are 52x120
- Cul-De-Sac
- Lawn
- Back Yard
- Property is zoned LAR3
Parking
- 2 Open Parking Spaces
- 1 Car Garage
- 2 Carport Spaces
- Converted Garage
- Driveway
- On-Street Parking
Home Design
- Traditional Architecture
- Shingle Roof
Interior Spaces
- 1,320 Sq Ft Home
- 1-Story Property
- Furnished
- Double Pane Windows
- Shutters
- Living Room with Fireplace
Kitchen
- Walk-In Pantry
- Gas Oven
- Microwave
- Freezer
- Disposal
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 3 Bedrooms
Laundry
- Laundry Room
- Dryer
- Washer
Utilities
- Central Heating
- Water Heater
- Sewer in Street
- Phone System
Additional Features
- Shed
- Detached Guest House
- City Lot
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 5501-015-021
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 19, 2023
Closed on
Aug 14, 2023
Sold by
Tootoonchi Negin
Bought by
Farshadi Mehdi
Seller's Agent
Rosie Mazariegos
Equity Smart Real Estate Services
Buyer's Agent
Arash Pashaei
Keller Williams Beverly Hills
List Price
$1,050,000
Sold Price
$1,051,000
Premium/Discount to List
$1,000
0.1%
Views
53
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.78%
Original Mortgage
$683,000
Outstanding Balance
$668,514
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$772,903
Purchase Details
Listed on
Jul 19, 2023
Closed on
Jul 28, 2023
Sold by
Moriel Rapirap Trust
Bought by
Farshadi Mehdi
Seller's Agent
Rosie Mazariegos
Equity Smart Real Estate Services
Buyer's Agent
Arash Pashaei
Keller Williams Beverly Hills
List Price
$1,050,000
Sold Price
$1,051,000
Premium/Discount to List
$1,000
0.1%
Views
53
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$683,000
Outstanding Balance
$668,514
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$772,903
Purchase Details
Closed on
Dec 4, 2008
Sold by
Rapirap Hector
Bought by
Rapirap Moriel
Purchase Details
Closed on
Nov 6, 2007
Sold by
Rapirap Moriel
Bought by
Rapirap Moriel and The Moriel Rapirap Trust
Purchase Details
Closed on
Jul 28, 2003
Sold by
Rapirap Hector
Bought by
Rapirap Moriel
Purchase Details
Closed on
Dec 11, 2002
Sold by
Aguilar Moriel
Bought by
Rapirap Hector and Rapirap Moriel P
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
7.25%
Purchase Details
Closed on
Oct 27, 1998
Sold by
Aguilar Charisma
Bought by
Aguilar Moriel and Aguilar Charisma
Purchase Details
Closed on
Jan 29, 1998
Sold by
Tomita Katsuyoshi
Bought by
Aguilar Charisma and Ilaga Angelo P
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,800
Interest Rate
11.7%
Mortgage Type
Purchase Money Mortgage
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | Chicago Title Company | |
| Grant Deed | $1,051,000 | Chicago Title Company | |
| Quit Claim Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Quit Claim Deed | -- | Commonwealth Land Title Co | |
| Gift Deed | -- | -- | |
| Grant Deed | $156,000 | Fidelity Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $683,000 | New Conventional | |
| Previous Owner | $180,412 | Unknown | |
| Previous Owner | $180,000 | No Value Available | |
| Previous Owner | $124,800 | Purchase Money Mortgage | |
| Closed | $7,800 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/29/2025 07/29/25 | For Sale | $1,399,000 | +33.1% | $111 / Sq Ft |
| 08/25/2023 08/25/23 | Sold | $1,051,000 | +0.1% | $796 / Sq Ft |
| 07/26/2023 07/26/23 | Pending | -- | -- | -- |
| 07/19/2023 07/19/23 | For Sale | $1,050,000 | -- | $795 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $13,000 | $1,072,020 | $816,000 | $256,020 |
| 2024 | $13,000 | $1,051,000 | $800,000 | $251,000 |
| 2023 | $4,067 | $313,202 | $218,549 | $94,653 |
| 2022 | $3,891 | $307,062 | $214,264 | $92,798 |
| 2021 | $3,886 | $301,042 | $210,063 | $90,979 |
| 2019 | $3,727 | $292,116 | $203,834 | $88,282 |
| 2018 | $3,618 | $286,389 | $199,838 | $86,551 |
| 2016 | $3,454 | $275,270 | $192,079 | $83,191 |
| 2015 | $3,405 | $271,136 | $189,194 | $81,942 |
| 2014 | $3,424 | $265,825 | $185,488 | $80,337 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2025
Arash Pashaei
Keller Williams Beverly Hills
(310) 402-9161
1 in this area
16 Total Sales
-
Seller's Agent in 2023
Rosie Mazariegos
Equity Smart Real Estate Services
(310) 598-9759
1 in this area
28 Total Sales
Map
Source: The MLS
MLS Number: 23-292069
APN: 5501-015-021
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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