128 S Madison Avenue, Los Angeles, CA 90004 (MLS # 25572951)

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PRICE $1,399,000 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE n/a
LOT SIZE 6,243 sqft
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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.

DAYS ON MARKET 38 LAST UPDATED 8/1/2025
YEAR BUILT 0 COMMUNITY C17 - Mid-Wilshire
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Lot/Land/Acreage


ADDITIONAL DETAILS
AREA C17 - Mid-Wilshire
LOT 6242 sq ft
LOT DIMENSIONS 52x120
VIEW DESCRIPTION None
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Listed with Keller Williams Beverly Hills

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