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1137 N Madison AvenueLos Angeles, CA 90029

For Sale

$1,295,000

Smart Buyer Rebate $12,950

Welcome to 1137 N Madison Ave, a rare and versatile property offering exceptional potential investment. The location of the property offers many advantages for potential investments and builds.
The 1137 residence is a two-story single-family home featuring three bedrooms, one bathroom, and an additional water closet. 1137½ is a detached, single-story home with two bedrooms and one bathroom. 1139 and 1139½ make up a duplex, with each unit offering one bedroom, one bathroom, and a dedicated single-car garage.
Set on a generous lot, the property provides multiple income-producing units along with significant upside for future development. Currently zoned TOC Tier 4, the site may offer favorable incentives for expansion or redevelopment (buyer to conduct due diligence regarding zoning and development potential).
Thus property offers many advantages as it is located within approximately 900 feet from the Metro station and within 300 feet from the one of a kind Madison Avenue Park and Community Garden. Located within half a mile of the Vermont/Santa Monica transit station, the property benefits from excellent accessibility and is just steps from a communal garden and park. Its central location allows for easy access to Downtown Los Angeles, Echo Park, Los Feliz, and West Hollywood—areas with consistently strong rental demand.
With its multiple units, desirable location, transit-oriented zoning, and development flexibility, this property presents the potential for a highly attractive investment opportunity with both immediate and long-term returns.

Listed by Noela Kim

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License #02177870

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Keller Williams Realty World Media Center

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818-813-1361

Last updated March 04, 2026

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Source: CRMLS #BB26023598

Listing Facts

  • TypeMulti-family
  • NeighborhoodEast Hollywood
  • Days on Prevu43

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

02/12/2026
Price Decreased
$1,295,000
02/02/2026
Listed by Keller Williams Realty World Media Center
$1,495,000

Property Details for 1137 N Madison Avenue

Association

Amenities

  • Community Features: Park

Exterior

Construction

  • Number Of Units Total: 4
  • Property Attached: Yes
  • Stories Total: 2
  • Year Built: 1907
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Entry Location: Living Room

Measurements

  • Building Area Total: 3,678
  • Building Area Units: Square Feet
  • Lot Features: Back Yard, Front Yard, Rectangular Lot
  • Lot Size Acres: 0.28
  • Lot Size Area: 12,209
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 12,209
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Gross Income: $66,123.00
  • Operating Expense: $14,212.00

Taxes

  • Parcel Number: 5542029031

Other

General

  • Exclusions: Washers and dryers not included in the sale of property.

Location

  • Tax Lot: 26

Parking

Parking

  • Garage Spaces: 2
  • Garage: Yes
  • Open Parking Spaces: 4
  • Parking Total: 6

Utilities

Equipment

  • Cooling: Wall/Window Unit(s)
  • Has Cooling: Yes
  • Laundry Features: Washer Hookup, Electric Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 1137 N Madison Avenue.

Does this multi-family home have parking?

Yes, there are 2 parking spaces available for 1137 N Madison Avenue.

How does 1137 N Madison Avenue compare to other multi-family homes in East Hollywood?

This multi-family home is listed 47% below the average price for multi-family homes in East Hollywood and has been on the market for 61 less days than the typical home in this area.

1137 N Madison Avenue is a -bedroom multi-family home for sale in Los Angeles CA 90029. Listed on Prevu for 43 days at $1,295,000. This includes a recent price decrease of $200,000. This residence is located in East Hollywood. The median listing price for multi-family homes in this area is $1,125,000. The home offers parking. Browse more multi-family home listings in Los Angeles.

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 Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.