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557 N Madison Ave, Los Angeles, CA 90004
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557 N Madison Ave Los Angeles, CA 90004

$1,235,000 Sold Price as of 06/29/2021
  • 3 Beds
  • 1 Baths
  • 1,657 Sq.Ft.
Sold
$1,235,000 Sold Price as of 06/29/2021 Refinance Your Mortgage
Map preview of 557 N Madison Ave, Los Angeles, CA 90004

Property Overview: 557 N Madison Ave Los Angeles, CA has 3 bedrooms, 1 bathrooms, 1,657 living square feet and 7,505 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Do not miss this unique opportunity! This distinctive gated property features an expansive lot and an open floor plan you will genuinely appreciate! With abundant natural light illuminating the living area, this warm home welcomes you with 3 bedrooms, 1 office, 1 bath and a separate laundry room. This move-in ready home features original hardwood flooring, new paint. along with many other upgrades and is waiting for your personal finishing touches. The property is securely gated and the extensive driveway can accommodate 8 cars. plus 4 more in the garage for a total of 12 parking spaces! The oversized garage is a detached building measuring approximately 24 feet wide by 33 feet long with 14-foot-high ceilings! The possibilities for this versatile structure are endless! Imagine a private workshop, game room or even an ADU. This massive garage is large enough to fit an RV and or work truck and still have room to spare! The spacious backyard has plenty of room for entertaining guests and because this property is zoned R3 for Multi-Family Residential Use - it could possibly be used to build another ADU! This exceptional property is must see!!!

Listed by Michael Pasqualino | BRE #01855157 | Door Finder Real Estate
Last checked: 21 seconds ago | Last updated: September 29th, 2021 | Source CRMLS | DOM: 5

Home details

Lot Sq. Ft
7,505
HOA Dues
$0/mo
Year built
1943
Garage
4 Car
Property Type:
Single Family Home
Status
Sold
MLS#
OC21079534
City
Los Angeles
County
Los Angeles
Time on Site
1202 days

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 557 N Madison Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Floor Furnace
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Individual Room, Inside, Washer Hookup
Fireplace Information
  • Has Fireplace
  • Family Room, Gas, Wood Burning, Masonry
Room Information
  • Downstairs Bedrooms: 2
  • Downstairs Bathrooms: 1
  • Eating Area: Dining Room
  • Flooring: Carpet, Concrete, Wood
  • All Bedrooms Down, Bonus Room, Den, Family Room, Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bedroom, Separate Family Room, Workshop
Kitchen Information
  • Has Appliances
  • Free-Standing Range, Gas Oven, Gas Range
  • Tile Counters
Bathroom Information
  • # of Baths (Full): 1
Interior Features
  • Copper Plumbing Full, Open Floorplan, Storage, Tile Counters, Unfurnished
  • Levels: One
  • Window Features: ENERGY STAR Qualified Windows, Wood Frames
  • Door Features: Double Door Entry
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Fence
  • Average Condition, Brick, Chain Link, Wood, Wrought Iron
  • No Spa
  • Spa Features: None
Exterior Features
  • Has Patio
  • No Pool
  • Pool Features: None
  • None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 12
  • Has Parking
  • Parking Features: Direct Garage Access, Driveway, Concrete, Driveway Level, Garage, Garage Faces Front, Garage - Single Door, Gated, Oversized, RV Garage, Tandem Garage, Workshop in Garage
  • No Attached Garage
Lot Information
  • Lot Features: Back Yard, Front Yard, Garden, Lawn, Level with Street, Lot 6500-9999, Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 1
  • Parcel Number: 5539032002
  • Year Built Source: Assessor
  • Architectural Style: Traditional
  • Foundation Details: Raised
  • Property is not Attached
  • Accessibility Features: 32 Inch Or More Wide Doors
  • Property Condition: Additions/Alterations, Fixer, Repairs Cosmetic, Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Schools
School Information
  • High School District: Los Angeles Unified
Location / Neighborhood
Location Information
  • Directions: Exit the 101 frwy to Vermont, take Vermont to Clinton. Take Clinton to N Madison.
  • Road Frontage Type: City Street
Neighborhood Information
  • Community Features: Biking, Curbs, Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 557 N Madison Ave

Last sold for $1,235,000 on June 29th, 2021

  • June, 2021

  • Jun 29, 2021

    Date

    Sold

    CRMLS: OC21079534

    $1,235,000

    Price

  • Jun 17, 2021

    Date

    Pending

    CRMLS: OC21079534

    $1,150,000

    Price

  • Jun 15, 2021

    Date

    Hold

    CRMLS: OC21079534

    $1,150,000

    Price

  • Jun 13, 2021

    Date

    Active

    CRMLS: OC21079534

    $1,150,000

    Price

  • Jun 13, 2021

    Date

    Hold

    CRMLS: OC21079534

    $1,150,000

    Price

  • Jun 13, 2021

    Date

    Active

    CRMLS: OC21079534

    $1,150,000

    Price

  • Jun 13, 2021

    Date

    Hold

    CRMLS: OC21079534

    $1,150,000

    Price

  • Jun 11, 2021

    Date

    Active

    CRMLS: OC21079534

    $1,150,000

    Price

  • Jun 10, 2021

    Date

    Hold

    CRMLS: OC21079534

    $1,150,000

    Price

  • Jun 10, 2021

    Date

    Coming Soon

    CRMLS: OC21079534

    $1,150,000

    Price

  • June, 2021

  • Jun 29, 2021

    Date

    Canceled

    CRMLS: OC21125785

    $1,150,000

    Price

  • Jun 17, 2021

    Date

    Pending

    CRMLS: OC21125785

    $1,150,000

    Price

  • Jun 15, 2021

    Date

    Hold

    CRMLS: OC21125785

    $1,150,000

    Price

  • Jun 13, 2021

    Date

    Active

    CRMLS: OC21125785

    $1,150,000

    Price

  • Jun 13, 2021

    Date

    Hold

    CRMLS: OC21125785

    $1,150,000

    Price

  • Jun 11, 2021

    Date

    Active

    CRMLS: OC21125785

    $1,150,000

    Price

  • Jun 10, 2021

    Date

    Coming Soon

    CRMLS: OC21125785

    $1,150,000

    Price

  • Listing provided courtesy of CRMLS

    A Phenomenal opportunity to redevelop this 7,505 sqft flat lot zoned for R3/TOC Tier 3. There is an existing 1,657 single family home and a detached garage on the land. This property is in the heart of Los Angeles which is easily accessible directly off the 101 FWY. The property is securely gated and the extensive driveway can accommodate up to 8 cars, plus 4 more in the garage for a total of 12 parking spaces! The oversized garage is a detached building measuring approximately 24 feet wide by 33 feet long with 14-foot-high ceilings! The possibilities for this versatile structure are endless! Imagine a private workshop or an ADU conversion? The spacious backyard has plenty of room so it could possibly be used to build another ADU! This exceptional property is a rare gem and a must see!!! 3D renderings are for illustration purposes only and are not an indication of what the city will approve.

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Tax History for 557 N Madison Ave

Assessed Value (2020): $329,683
Year Land Value Improved Value Assessed Value
2020 $200,979 $128,704 $329,683

Home Value Compared to the Market

This property vs the competition

557 N Madison Ave sold on June 29, 2021 for 2.68% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $694.03 per/sqft which puts the price per square foot 4.14% lower than the current median sale per square foot for the city of Los Angeles.

About 557 N Madison Ave

Detailed summary of property

557 N Madison Ave is a single family home that recently sold in Los Angeles, CA 90004. This house offered 3 bedrooms, 1 bathrooms, roughly 1,657 living square feet, and sits on an approximately 7,505 square foot lot. 557 N Madison Ave was first listed on ArdentRealEstateGroup.com on June 10, 2021. The homeowner sold the property for $1,235,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 2.68% higher than the current median priced home. Local homes that are currently for sale include 5004 N Oak Ln, 3223 W 6th St #902 and 1225 Manzanita St. While the average home in Los Angeles, CA is selling in 105 days, 557 N Madison Ave has a days on market of 5 days. There are currently 4124 homes for sale in the Los Angeles real estate market and 2828 of them are single family homes while 1171 of them are condos and 118 are townhomes. For more information on this home for sale at 557 N 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 557 N Madison Ave

Public county record property details
Beds
2
Baths
1
Year built
1940
Sq. Ft.
1,657
Lot Size
7,505
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
2
APN
5539-032-002

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
$1,488,000
Median List Price/Sq.Ft.
$792
Median Sold Price
$790,000
Median Sold Price/Sq.Ft.
$601
Total Inventory
85
Median Sale to List Price %
95.18%
Avg Days on Market
39
Loan Type
Conventional (11.11%), FHA (0%), VA (0%), Cash (0%), Other (22.22%)

Thinking of Selling?

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(714) 706-1823

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Recently Sold Homes Near 557 N Madison Ave

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542 N Virgil Ave, Los Angeles, CA 90004
$1,295,000 Last Sold Price
3 Beds
2 Baths
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542 N Virgil Ave
Los Angeles, CA 90004

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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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