NOT LISTED FOR SALE

501 N Madison Ave Los Angeles, CA 90004

East Hollywood Neighborhood
6 Beds
5 Baths
3,017 Sq Ft
7,505 Sq Ft Lot

Last Sold October 25, 2013

Last sale price $560,000 $186 Per Sq Ft

28 Days on Market

Highlights

  • Property is near a park
  • No HOA
  • 1-minute walk to Madison West Park
  • John Marshall Senior High Rated A
  • Rectangular Lot

About This Home

As of October 2013

Great Investment 5 Unit Income and future development property. Close to LA. City College and major shopping,transportation and free way.
Corner across from community park and schools.
Unit has two buildings. One story single family on Middlebury and 4unit complex on Madison.
Each unit has own Gas & Electric meters. Community Laundry unit is located to next to Garage .
Currently it's fully occupied, do not disturb tenants.

Last Agent to Sell the Property

Young Ahn

Century 21 Ludecke Inc. License #01098098 Listed on: 06/10/2013

Century 21 Ludecke Inc.

Last Buyer's Agent

Young Ahn

Century 21 Ludecke Inc. License #01098098 Listed on: 06/10/2013

Century 21 Ludecke Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 7,505 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot
  • Paved or Partially Paved Lot

Parking

  • 4 Car Garage
  • Parking Available
  • Driveway

Home Design

  • 3,017 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Exterior Lighting

Location

  • Property is near a park
  • Property is near public transit
  • Urban Location

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 1927
  • Assessor Parcel Number 5539032013

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 5 Units

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,600
  • Maintenance Expense $1,000
  • Professional Management Expense $2,750
  • Water Sewer Expense $4,500
  • New Taxes Expense $7,812
  • Gross Income $3,814
  • Net Operating Income $3,184

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Parking

4

Listing Details

  • Other Phone Description: 6266773237
  • Professional Management Expense: 2750.00
  • Property Attached: Yes
  • Road Surface Type: Maintained, Paved
  • Water Sewer Expenses: 4500.00
  • Property Type: Residential Income
  • Parcel Number: 5539032013
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 185.61

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Urban

Lot Info

  • Lot Features: Rectangular Lot, Lot 6500-9999, Paved, Park Nearby, Near Public Transit
  • Lot Size Sq Ft: 7505.00
  • Lot Size Acres: 0.1720

Multi Family

  • Average1 Bed Area: 540
  • Average2 Bed Area: 857
  • Gross Income: 3814.00
  • Gross Scheduled Income: 3819.00
  • Insurance Expense: 2600.00
  • Lot Size Area: 7505.0000 Square Feet
  • Maintenance Expense: 1000.00
  • Net Operating Income: 3184.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 635.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 7812.00
  • Tax Lot: 13
  • Tax Tract Number: 1927
  • Tax Year: 2012

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2013 10/25/13 Sold $560,000 -10.4% $186 / Sq Ft
07/08/2013 07/08/13 Pending -- -- --
06/10/2013 06/10/13 For Sale $625,000 -- $207 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Young Ahn

    Seller's Agent in 2013

    Young Ahn

    Century 21 Ludecke Inc.

    (626) 688-7844

    12 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR13109934

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Los Angeles 90004 East Hollywood

501 N Madison Ave, Los Angeles, CA

This home is located at 501 N Madison Ave, Los Angeles, CA 90004 since 10 June 2013. This property was built in 1922. 501 N Madison Ave is a home located in Los Angeles County with nearby schools including Dayton Heights Elementary School, Thomas Starr King Middle School Film and Media Magnet, and John Marshall Senior High.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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