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$1,249,000

For Sale

12 hours ago

128 S Madison Ave, Los Angeles, CA

House

MLS® 26665323

3 Bed

2 Bath

1320 sqft

2 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 1320 sqft
Garage No
Taxes 
Days Active 0
Lot Size 0.1433 acres
Approx. Age 1948
Avg. Price Per Sqft $946
MLS® Number 26665323

Property Address: 128 S Madison Ave, Los Angeles, CA, 90004-6052

Average square foot calculated using Size range provided by listing agent.

Description

Welcome to 128 S Madison Ave, a rare opportunity in the heart of Mid-Wilshire offering both immediate livability and exceptional future upside. This charming 3-bedroom, 2-bathroom home spans approximately 1, 320 square feet and sits on a R3 prime lot in one of Los Angeles' most sought-after neighborhoods. The existing residence features a functional layout with ample natural light, comfortable living spaces, and strong rental or owner-user potential. Whether you're looking to move in, lease out, or hold as an investment, the property provides flexibility and value from day one. In addition to the main residence, there is a detached guest house in the rear, ideal for use as a home office, guest suite, or potential income-producing unit, adding flexibility and value to the property. A standout feature of this offering is that plans have already been submitted to the city for the development of a 9-unit, 3-story building, currently in the process of approval. This presents a rare opportunity for investors and developers to acquire a property with significant future development potential while generating income in the interim. Ideally located near Silver Lake, Downtown Los Angeles, and the vibrant Mid-Wilshire corridor, the property offers convenient access to shopping, dining, entertainment, and major employment hubs. Perfect for investors, developers, or end-users seeking long-term upside in a prime central location this is a property with both present value and future potential.
MLS® Number26665323
Laundry Level
Central VacNo
FireplaceNo
Acreage0.1433
Exterior
GarageNo
Approx. Age1948
Basement
DrivewayCarport
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 18, 2026List Date
$1,249,000List Price
  • Commute

Commute

Starting Address
Destination Address
128 S Madison Ave, Los Angeles, CA

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