Fixer Upper
Address
817 N Madison Avenue Los Angeles, CA
Price
$ 1,600,000
Property Attributes
  • MLS#21698046
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaSilver Lake
  • Zip90029
  • Style
  • Price$ 1,600,000
  • Bedrooms7
  • Full Bathrooms7
  • Half Bathrooms0
  • Lot Size7,405 SqFt
Listing Provided Courtesy Of:
Matthew Lee with Lilly Enterprises, Inc.
Data Source:
CLAW
Property Description

Lilly Enterprises, Inc., as the exclusive listing agency, is pleased to present for sale 817 N Madison Avenue, a 7 unit apartment offering in Los Angeles (East Hollywood), CA. Deferred maintenance and under market rents ( 300% in rental upside), present an investor with the possibility to achieve long term growth through turnover and renovation. The property is subject to The City of LA Rent Stabilization Ordinance (RSO), which supersedes the Assembly Bill 1482 "Tenant Protection Act of 2019." The property is not subject to The City of LA Soft-Story Retrofit Program. Two separate structures reside on a single 7,500 SF lot with a triplex in the front and a quad in the rear. There are 3 undesignated and unassigned parking spaces, which can all be gated from the front entry. A large common area patio resides in the rear, which is currently being used as an outdoor fitness space. Plumbing is a combination of galvanized in the front and copper in the rear. The roof was replaced within the last year. Unit sizes range from 675 SF for the 1BR/1BA's and 775 SF for the 2BR/1BA's. Each unit is serviced by individual wall heaters and water heaters. Landlord is responsible for water, sewer and electric. Tenants are responsible for gas.

Price History
3/2/2021 Listed $1,600,000

General Features

Accessibility None
Community Features Gated
Construction Materials Other
Cooling None
Facing Direction East
Heating Wall Furnace
Levels Multi/Split
MLS Area 671 - Silver Lake
Other Structures Shed(s)
Parking Features Concrete, Driveway, Gated, One Space, Shared Driveway, On Street, Unassigned, Uncovered
Pool Features None
Property Type Residential Income
PropertyCondition Fixer, Repairs Cosmetic, Repairs Major
Security Features Gated Community
Sewer Other
Spa Features None
Terms Contract
Total Units 7
View None
Zoning LARD1.5

Interior Features

Fireplace Features None
Heating Y/N Yes
Laundry Features None

Exterior Features

Lot Size Acres 0.17
Lot Size Area 7513
Lot Size Source Assessor
Lot Size Square Feet 7513
Lot Size Units Square Feet
Number of Buildings 2

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90029

Price
AVG $2.16M
$1.6M
Visits
AVG 25
5
Year Built
AVG 1939
1957
Walkscore
AVG 88
90
Data Provided by Walkscore ® not using MLS data

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