500 N Madison Ave Los Angeles, CA 90004
East Hollywood NeighborhoodEstimated payment $3,074/month
Total Views
1,033
3
Beds
2
Baths
1,301
Sq Ft
$422
Price per Sq Ft
Highlights
- Popular Property
- City Lights View
- Corner Lot
- John Marshall Senior High Rated A
- Main Floor Bedroom
- 1-minute walk to Madison West Park
About This Home
Offered at $549,000, 500 N Madison Avenue presents a rare opportunity in the up-and-coming Madison West Park neighborhood of East Hollywood, just minutes from Silverlake. Hitting the market for the first time, this 3-bedroom, 2-bathroom single-family residence offers 1,301 square feet of living space on a 3,000-square-foot lot. The property retains its original charm but has not been recently updated and will require renovation or redevelopment—perfect for investors looking for value-add potential or ground-up opportunities.
The owner strongly prefers to sell this parcel as part of a bundled sale with two neighboring properties:
3877 Middlebury Street, a 1-bedroom, 1-bathroom home with 805 square feet of living area on a 2,502-square-foot lot, listed at $529,000 (APN 5539-031-015); and 3875 Middlebury Street, a 2-bedroom, 1-bathroom home with 667 square feet on a 2,002-square-foot lot, listed at $399,000 (APN 5539-031-014). The total asking price for all three parcels is $1,477,000.
Together, these three parcels span 7,504 square feet of land with significant redevelopment potential. Current zoning allows for the construction of three residential income units per lot, enabling a total of 9 units by right. Alternatively with a low-income housing set-up, the site could yield up to 17 total units—ideal for investors and developers seeking scale and long-term upside in a high-demand rental submarket.
We encourage you to act early to explore this rare opportunity to assemble and transform a prime site in one of Los Angeles’ most dynamic neighborhoods.
Listing Agent
ALLEN WU, BROKER Brokerage Email: LILUNWU@HOTMAIL.COM License #01215119 Listed on: 07/30/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $812
Year Built
- Built in 1946
Lot Details
- 3,000 Sq Ft Lot
- Corner Lot
- Density is up to 1 Unit/Acre
- 5539031015,5539031014
- Property is zoned LAR3
Interior Spaces
- 1,301 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Entryway
- Living Room
- Home Office
- Carpet
- City Lights Views
- Built-In Range
- Laundry Room
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 2 Full Bathrooms
- Bathtub
- Walk-in Shower
Accessible Home Design
- More Than Two Accessible Exits
Outdoor Features
- Patio
- Porch
Schools
- John Marshall High School
Utilities
- No Heating
- Natural Gas Connected
Listing and Financial Details
- Legal Lot and Block 14 / J
- Tax Tract Number 192
- Assessor Parcel Number 5539031016
- $242 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
Recreation
- Park
Map
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Home Values in the Area
Average Home Value in this Area
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 | $812 | $55,585 | $26,933 | $28,652 |
| 2024 | $812 | $54,496 | $26,405 | $28,091 |
| 2023 | $799 | $53,429 | $25,888 | $27,541 |
| 2022 | $765 | $52,382 | $25,381 | $27,001 |
| 2021 | $748 | $51,356 | $24,884 | $26,472 |
| 2019 | $726 | $49,835 | $24,147 | $25,688 |
| 2018 | $680 | $48,859 | $23,674 | $25,185 |
| 2016 | $632 | $46,963 | $22,755 | $24,208 |
| 2015 | $624 | $46,259 | $22,414 | $23,845 |
| 2014 | $633 | $45,353 | $21,975 | $23,378 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/06/2025 08/06/25 | For Sale | $549,000 | -62.8% | $422 / Sq Ft |
| 08/06/2025 08/06/25 | For Sale | $1,477,000 | +169.0% | $533 / Sq Ft |
| 07/31/2025 07/31/25 | Off Market | $549,000 | -- | -- |
| 07/31/2025 07/31/25 | Off Market | $1,477,000 | -- | -- |
| 07/31/2025 07/31/25 | For Sale | $549,000 | -62.8% | $422 / Sq Ft |
| 07/31/2025 07/31/25 | For Sale | $1,477,000 | 0.0% | $533 / Sq Ft |
| 07/30/2025 07/30/25 | Off Market | $1,477,000 | -- | -- |
| 07/30/2025 07/30/25 | For Sale | $1,477,000 | +169.0% | $533 / Sq Ft |
| 07/30/2025 07/30/25 | Off Market | $549,000 | -- | -- |
| 07/30/2025 07/30/25 | For Sale | $549,000 | -- | $422 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Similar Homes in Los Angeles, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV25167404
APN: 5539-031-016
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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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