500 N Madison Ave

Hitting the market for the first time, this rare assemblage in the East Hollywood submarket of Madison West Park just minutes from the thriving Silverlake corridor presents a compelling opportunity for forward-thinking investors and developers.

Comprising three contiguous parcels, this offering totals 7,504 square feet of land across prime L.A. land, currently improved with income-generating single-family residences. The first parcel, located at 500 N Madison Avenue (APN 5539-031-016), is priced at $549,000 and features a 3-bedroom, 2-bathroom structure totaling 1,301 square feet on a 3,000-square-foot lot. The second parcel, 3877 Middlebury Street (APN 5539-031-015), is offered at $529,000 and includes a 1-bedroom, 1-bathroom home with 805 square feet on a 2,502-square-foot lot. The third parcel, 3875 Middlebury Street (APN 5539-031-014), is listed at $399,000 and contains a 2-bedroom, 1-bathroom residence spanning 667 square feet on a 2,002-square-foot lot. The total asking price for all three parcels is $1,477,000. By right, each parcel allows for the development of 3 residential units, enabling a total of 9 units across the combined site. However, with the application of low-income housing, the site could yield up to 17 total units unlocking a significant increase in long-term rental income or resale value. Whether you're pursuing a hold-and-build strategy, land banking for future appreciation, or executing a ground-up multifamily project, this assemblage delivers on location, zoning flexibility, and upside potential. This is a high-leverage opportunity in one of Los Angeles most active rental corridors, with close proximity to major employment centers, public transit, and lifestyle amenities. Contact us now to schedule a showing.

This home located at 500 N Madison AVE is currently activeUnderContract and has been available on pardeeproperties.com for 2 days. This property is listed at $1,477,000. It has 6 beds and 4 bathrooms. The property was built in 1946. 500 N Madison AVE is in the Hollywood community of Los Angeles County.

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