Property Detail

Description

First time on the market! Located in the desirable Madison West Park neighborhood of East Hollywood, just minutes from Silverlake, this charming 1 bed / 1 bath home sits on a 2,502 SF lot with 805 SF of living space. The home has seen modest upgrades and has been well cared for by current tenants, who are on a month-to-month lease. Ideal as a rental hold or future development site. Zoned for multi-family, this parcel can accommodate up to 3 residential income units. As such, the owner prefers to sell this property as part of a three-parcel package including: *500 N Madison Ave – 3 bed / 2 bath / 1,301 SF / 3,000 SF lot – $549,000 *3875 Middlebury St – 2 bed / 1 bath / 667 SF / 2,002 SF lot – $399,000 Combined, the three lots total 7,504 SF of land with development potential for 9 units by right, or up to 17 units with the low-income housing designation. Total asking price for all three parcels: $1,477,000.