500 N Madison Avenue, Los Angeles, California 90004

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.