Millman Team Real Estate

$1,295,000
0.28 Acre Lot

1137 N Madison, Los Angeles, California 90029

  • Residential Income Property Type
  • 1907 Year Built
Property Description

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.

Basic Details
Residential Income
For Sale
BB26023598
$1,295,000
1907
0.28 Acre
Active
1
Quadruplex
Features
: None
: Wall/Window Unit(s)
: None
: Washer Hookup, Electric Dryer Hookup
: Public Sewer
$0
Address Map
CA
Los Angeles
Los Angeles
90029
Madison
1137
Avenue
W119° 42' 36.7''
N34° 5' 31.4''
Between Santa Monica BLVD and Lexington AVE
C21 - Silver Lake - Echo Park
N
Additional Information
$0
$0
$0
$0
$0
3678
: Park
1
2.0
: Back Yard, Front Yard, Rectangular Lot
4
2026-02-02
1495000
2
: Public
Broker/Agent Information
Keller Williams Realty World Media Center
Noela Kim
Listing Information
BB42913
BH5345029
Cash,Cash to New Loan,Conventional,1031 Exchange
Active
2026-03-23T21:18:02Z
CRMLS
: Standard
2026-02-02T11:38:08Z
Agent info
Ray Millman
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