$399,000
UNDER CONTRACT

Estimated payment $2,224/month

Total Views 1,236
2 Beds
1 Bath
667 Sq Ft
$598 Price per Sq Ft

Highlights

  • City Lights View
  • No HOA
  • Laundry Room
  • John Marshall Senior High Rated A
  • Park
  • 1-minute walk to Madison West Park

About This Home

First time on the market! Located in the desirable Madison West Park neighborhood of East Hollywood, near Silverlake. This 2 bed / 1 bath home sits on a 2,002 SF lot and offers 667 SF of living space. The property is a true fixer and will require repairs—perfect for investors or developers looking for a value-add opportunity.

Zoned for multi-family, this parcel allows for the development of up to 3 residential income units. The seller prefers to sell this home as part of a three-parcel bundle with adjacent properties at 500 N Madison Ave (3 bed / 2 bath / 1,301 SF / 3,000 SF lot) and 3877 Middlebury St (1 bed / 1 bath / 805 SF / 2,502 SF lot).

Together, the three parcels total 7,504 SF of land and offer the potential to develop 9 units by right or up to 17 units with a low-income housing set-up. Ideal for seasoned investors or developers seeking a rare assemblage in a strong rental market. Total asking price for all three parcels: $1,477,000.

Listing Agent

ALLEN WU

ALLEN WU, BROKER Brokerage Email: LILUNWU@HOTMAIL.COM License #01215119 Listed on: 07/30/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $472

Year Built

  • Built in 1925

Lot Details

  • 2,002 Sq Ft Lot
  • Density is up to 1 Unit/Acre
  • 5539031015,5539031016
  • Property is zoned LAR3

Interior Spaces

  • 667 Sq Ft Home
  • 1-Story Property
  • City Lights Views
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Location

  • Urban Location

Schools

  • John Marshall High School

Listing and Financial Details

  • Legal Lot and Block 14 / J
  • Tax Tract Number 192
  • Assessor Parcel Number 5539031014
  • $159 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association

Recreation

  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$472

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • View: Yes
  • Zoning: LAR3
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 5539031014
  • Year Built: 1925
  • Special Features: UnderContract

Interior Features

  • Fireplace: No
  • Living Area: 667.00 Square Feet
  • Stories: 1
  • Entry Location: Front Porch
  • Common Walls: No Common Walls
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 598.20
  • Room Type: All Bedrooms Down

Exterior Features

  • View: City Lights
  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Park, Sidewalks, Urban

Schools

  • School District: Los Angeles Unified
  • High School: John Marshall
  • High School: John Marshall
  • High School2: JOHMAR

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 5539031015,5539031016
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2002.00
  • Lot Size Acres: 0.0460

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2002.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: J
  • Tax Census Tract: 1927.00
  • Tax Lot: 14
  • Tax Tract Number: 192...
  • TaxOtherAnnualAssessmentAmount: 159.00

Map

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $472 $33,759 $19,578 $14,181
2024 $472 $33,098 $19,195 $13,903
2023 $465 $32,450 $18,819 $13,631
2022 $444 $31,814 $18,450 $13,364
2021 $434 $31,191 $18,089 $13,102
2019 $420 $30,267 $17,553 $12,714
2018 $388 $29,674 $17,209 $12,465
2016 $360 $28,524 $16,542 $11,982
2015 $355 $28,097 $16,294 $11,803
2014 $363 $27,547 $15,975 $11,572
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/06/2025 08/06/25 For Sale $399,000 0.0% $598 / Sq Ft
07/31/2025 07/31/25 Off Market $399,000 -- --
07/31/2025 07/31/25 For Sale $399,000 0.0% $598 / Sq Ft
07/30/2025 07/30/25 Off Market $399,000 -- --
07/30/2025 07/30/25 For Sale $399,000 -- $598 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV25167442

California Regional Multiple Listing Service (CRMLS)

APN: 5539-031-014