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128 S Madison Ave, Los Angeles, CA 90004
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128 S Madison Ave Los Angeles, CA 90004

$1,051,000 Sold Price as of 08/25/2023
  • 3 Beds
  • 1.5 Baths
  • 1,320 Sq.Ft.
Sold
$1,051,000 Sold Price as of 08/25/2023 Refinance Your Mortgage
Map preview of 128 S Madison Ave, Los Angeles, CA 90004

Property Overview: 128 S Madison Ave Los Angeles, CA has 3 bedrooms, 1.5 bathrooms, 1,320 living square feet and 6,240 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Introducing an exceptional investment opportunity at 128 South Madison Ave! This prime property is situated in a bustling location, offering tremendous potential for those seeking a lucrative adventure. With this desirable location and diverse range of possible uses, this opportunity presents an attractive proposition for investors or a traditional buyer looking for a great starter home with great potential. Featuring a spacious interior and well-maintained facade, this home offers an inviting atmosphere and cozy interior. The property boasts a strategic location in a thriving, growing residential and continuously developed area, ensuring easy accessibility to everything. Its proximity to major transportation, routes and amenities makes it an ideal choice for its residents. Whether you envision living in this home or developing into multi units. The property sits on a residential cul-de-sac. Located in Koreatown/ Rampart Village, very close to DTLA, Silverlake, Larchmont and Echo Park. With a high walkability score to shops, food, and schools. Investing in 128 S. Madison means securing a property with enormous potential for growth and long-term returns. Whether you're an experienced Investor looking to diversify your portfolio or an aspiring home owner, ready to embark on a new venture, this opportunity offers a perfect foundation for success. Garage has been converted to a living quarter. There is an extra detached room, making it a total of 5 bedrooms. Property will be delivered vacant. Don't miss out on the chance to acquire this highly sought after investment opportunity.

Listed by Rosie Mazariegos | BRE #02048039 | Equity Smart Real Estate Services
Last checked: 12 minutes ago | Last updated: August 28th, 2023 | Source CRMLS | DOM: 7

Home details

Lot Sq. Ft
6,240
HOA Dues
$0/mo
Year built
1948
Garage
1 Car
Property Type:
Single Family Home
Status
Sold
MLS#
23292069
City
Los Angeles
County
Los Angeles
Time on Site
295 days

Property Details for 128 S Madison Ave

Interior Features
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Eating Area: In Kitchen
  • Flooring: Wood
  • Walk-In Pantry
Kitchen Information
  • Has Appliances
  • Disposal, Microwave, Refrigerator, Oven, Gas Oven
Bathroom Information
  • # of Baths (Full): 1
  • # of Baths (1/2): 1
  • # of Baths (1/4): 0
  • # of Baths (3/4): 0
Interior Features
  • Furnished
  • Levels: One
  • Window Features: Double Pane Windows, Shutters
Exterior Features
Exterior Information
  • Roof: Shingle
  • Other Structures: Shed(s)
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Carport, Driveway, Converted Garage, Street
Lot Information
  • Lot Features: Lawn, Back Yard
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Parcel Number: 5501015021
  • Architectural Style: Traditional
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Location / Neighborhood
Location Information
  • Directions: The subject property is located on Madison Ave., Just south of West 1st. Street.
View more facts & features

Local Los Angeles Agent

Sale History for 128 S Madison Ave

Last sold for $1,051,000 on August 25th, 2023

  • August, 2023

  • Aug 25, 2023

    Date

    Sold

    CRMLS: 23292069

    $1,051,000

    Price

  • Jul 19, 2023

    Date

    Active

    CRMLS: 23292069

    $1,050,000

    Price

  • January, 2019

  • Jan 10, 2019

    Date

    Expired

    CRMLS: 18396982

    $1,150,000

    Price

  • Oct 16, 2018

    Date

    Active

    CRMLS: 18396982

    $1,150,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present 128 S Madison Ave is a 6,240 SF development opportunity in the thriving Rampart Village neighborhood of Los Angeles. Blocks away from the Vermont/Beverly Metro Station, the site is zoned R3-1 with a Tier 3 TOC Incentive, allowing a developer to build up to 14 residential units on a flat, rectangular lot. Boasting a Walk Score of 83, the site is proximate to a variety to local amenities including Tactile Coffee, Valerie Confections, and Lock & Key. The Property is also benefiting from pushover from the surrounding neighborhoods of Virgil Village, Silverlake, and DTLA. Located on a quiet, residential cul-de-sac, the Property's current improvement is a single-family home.

  • February, 1999

  • Feb 2, 1999

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • March, 1998

  • Mar 25, 1998

    Date

    Sold (Public Records)

    Public Records

    $156,000

    Price

Show More

Tax History for 128 S Madison Ave

Assessed Value (2020): $297,957
Year Land Value Improved Value Assessed Value
2020 $207,910 $90,047 $297,957

Home Value Compared to the Market

This property vs the competition

128 S Madison Ave sold on August 25, 2023 for 11.76% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $795.45 per/sqft which puts the price per square foot 5.36% higher than the current median sale per square foot for the city of Los Angeles.

About 128 S Madison Ave

Detailed summary of property

128 S Madison Ave is a single family home that recently sold in Los Angeles, CA 90004. This house offered 3 bedrooms, 1.5 bathrooms, roughly 1,320 living square feet, and sits on an approximately 6,240 square foot lot. 128 S Madison Ave was first listed on ArdentRealEstateGroup.com on July 19, 2023. The homeowner sold the property for $1,051,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 11.76% lower than the current median priced home. Local homes that are currently for sale include 811 N Kenmore Ave, 2311 W 2nd St and 903 S New Hampshire Ave #503. While the average home in Los Angeles, CA is selling in 94 days, 128 S Madison Ave has a days on market of 7 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 128 S Madison Ave Los Angeles, CA 90004 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 128 S Madison Ave

Public county record property details
Beds
2
Baths
1
Year built
1948
Sq. Ft.
1,320
Lot Size
6,240
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
39
APN
5501-015-021

The source for these homes facts are from public records.

90004 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,388,000
Median List Price/Sq.Ft.
$810
Median Sold Price
$1,650,000
Median Sold Price/Sq.Ft.
$873
Total Inventory
64
Median Sale to List Price %
97.35%
Avg Days on Market
27
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (13.33%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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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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