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$1,399,000

$6,000Reward *

128 S Madison Avenue, Los Angeles, CA 90004Listing ID 25572951

128 S Madison Avenue, Los Angeles, CA 90004

Active

Time on site: 350 days • Last updated: Aug 9, 2025

Property Type

Land

Property Sub Type

Acres

0.14

Days on Site

350

Amazing Development Opportunity in Prime Mid-Wilshire area Adjacent to Silver Lake. This exceptional investment opportunity comes with submitted plans for a 13-unit apartment building allowing a savvy investor or developer to save money and time on acquiring the RTI plans. The architectural plans feature 10 spacious 1-bed/1-bath units, 3 premium 2-bed/2-bath units, and 2 recreation rooms, with a total Gross Building Area of 12,600 sqft and Gross Living Area of 7,700 sqft. Additionally, the project qualifies for both the ED1 and CHIP offering significant time and cost-saving development benefits. All the architectural and engineering fees have been paid. The house is currently furnished and rented on month to month basis colleting approximately $4000/month. It can be delivered both vacant or with tenant, allowing an investor to collect rent while working toward RTI. Located just moments from Metro stations, vibrant nightlife, dining, and cultural landmarks, this property sits in one of L.A.'s strongest rental markets.

Property Information

Property Details

Location

Address

128 S Madison Avenue

County

Los Angeles

City

Los Angeles

Zip Code

90004

MLS Area

C17 - Mid-Wilshire

Financial

Special Conditions

Standard

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: California Regional MLS

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

For corrections to this data please contact Brytecore MLS Support.

CLW-C130981

128 S Madison Avenue, Los Angeles, CA 90004

Property Information

Property Details

Location

Financial

Market Report for 90004