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1116 N Madison Ave, Los Angeles, CA 90029
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1116 N Madison Ave Los Angeles, CA 90029

$1,280,000
  • 6 Beds
  • 4 Baths
  • 3,268 Sq.Ft.
For Sale
$1,280,000 Get Pre-Qualified
Map preview of 1116 N Madison Ave, Los Angeles, CA 90029

Property Overview: 1116 N Madison Ave Los Angeles, CA has 6 bedrooms, 4 bathrooms, 3,268 living square feet and 7,709 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: IT'S TIME...to take ownership of this terrific 4-unit investment property (single free-standing home + 3 units; 6 BR/4 bath total). IT'S TIME...for an actual non-fictional, no-hype, priced-to-sell, Silver Lake/Virgil Village adjacent, income producing property to hit the market. IT'S TIME...for an owner/user, investor OR experienced real estate guru to find a smooth opportunity in a neighborhood engaged with new development and exciting energy. IT'S TIME...for said owner/user OR guru to receive this investment property with two of the four units VACANT and ready to rent. IT'S TIME...to never worry again about a late charge for returning books back to the library (?!!) - simply lob them over the fence to the beautiful next-door Cahuenga Branch Public Library (a designated Historic-Cultural Monument listed on the National Register of Historic Places). IT'S TIME...for a (buyer) broker to work with another experienced (listing) broker where BOTH can enjoy the professional camaraderie of buying & selling real estate. IT'S TIME...for Fall, cooler weather, and a little elbow-grease + love to make this hard-to-find property your own piece of LA.

Listed by Claudia Hipolito | BRE #01138517 | Coldwell Banker Realty
Last checked: 14 minutes ago | Last updated: September 19th, 2024 | Source CRMLS | DOM: 3

Home details

Lot Sq. Ft
7,709
HOA Dues
$0/mo
Year built
1905
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24440335
City
Los Angeles
County
Los Angeles
Time on Site
2 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $3,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,400
  • Total Rent: $2,400
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,600
  • Total Rent: $3,600
  • Pro Forma/Market Rent: $3,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $114,600
  • Gross Operating Income: $141,600
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 1116 N Madison Ave

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Property Details for 1116 N Madison Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
  • Security Features: Gated Community, Carbon Monoxide Detector(s), Smoke Detector(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Assigned
Property Information
  • Total # of Units: 4
  • Parcel Number: 5542027011
  • Architectural Style: Traditional
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: North of Santa Monica, Between Vermont and Virgil
View more facts & features

Local Los Angeles Agent

Sale History for 1116 N Madison Ave

Last sold on October 10th, 2008

  • September, 2024

  • Sep 16, 2024

    Date

    Active

    CRMLS: 24440335

    $1,280,000

    Price

  • October, 2008

  • Oct 10, 2008

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • December, 1988

  • Dec 15, 1988

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1116 N Madison Ave

Assessed Value (2020): $423,802
Year Land Value Improved Value Assessed Value
2020 $329,442 $94,360 $423,802

Home Value Compared to the Market

This property vs the competition

1116 N Madison Ave is listed 6.67% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $391.68 per/sqft which puts the price per square foot 49% lower than the median price per square foot for the city of Los Angeles.

About 1116 N Madison Ave

Detailed summary of property

1116 N Madison Ave is a multi family located in Los Angeles, CA 90029 and is currently for sale. This multi family property offers 6 bedrooms, 4 bathrooms, roughly 3,268 living square feet, and sits on an approximately 7,709 square foot lot. 1116 N Madison Ave was first listed on ArdentRealEstateGroup.com on September 17, 2024. The homeowner is currently asking $1,280,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 6.67% higher than the median priced home. Local competing homes currently for sale include 1211 N Normandie Ave, 1223 N Normandie Ave and 622 Maltman Ave. While the average home in Los Angeles, CA is selling in 106 days, 1116 N Madison Ave has a days on market of 3 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 1116 N Madison Ave Los Angeles, CA 90029 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1116 N Madison Ave

Public county record property details
Beds
6
Baths
4
Year built
1905
Sq. Ft.
3,268
Lot Size
7,706
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
14
APN
5542-027-011

The source for these homes facts are from public records.

90029 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,022,990
Median List Price/Sq.Ft.
$737
Median Sold Price
$672,500
Median Sold Price/Sq.Ft.
$724
Total Inventory
32
Median Sale to List Price %
105.24%
Avg Days on Market
16
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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