USACALos Angeles646 N Madison Avenue
646 N Madison Ave - Offering Memorandum | Image 1
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646 N Madison Avenue, Los Angeles, CA

Real Estate

For Sale

Listed price in listed location currency (USD).
$2,249,000

0021

MLS® SB26039613

  • Key Facts
  • Description
  • Map

Key Facts

Type Mixed Use
Levels Residential Income
Size -
Garage No
HOA Fees 
Taxes 
Days Active 0
Approx. Age 1988
MLS® Number SB26039613

Property Address: 646 N Madison Avenue, Los Angeles, CA, 90004

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

Description

We are pleased to present 646 N Madison Ave, a 10-unit multifamily investment opportunity in the heart of East Hollywood, Los Angeles, featuring 1988 construction and not subject to LA RSO rent control. Situated in an Opportunity Zone and designated TOC Tier 3, the property offers strong long term investment fundamentals with potential density and development advantages. The building totals approximately 7, 134 square feet on a 7, 513 square foot lot and features a desirable unit mix of (4) one bedroom one bath units and (6) two bedroom one bath units, appealing to a broad tenant base. The asset includes 21 ground level parking spaces, gated tuck under parking access, and a coin operated shared laundry facility, providing both tenant convenience and additional income potential. With solid in place income and approximately 60% upside in rental income, the property presents a compelling value add opportunity. Based on projected market rents, the property offers an estimated 10.26% market cap rate, positioning 646 N Madison Ave as a rare high yield acquisition in one of Los Angeles’ most consistently strong rental markets.
MLS® NumberSB26039613
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelCommon Area
Exposure
Exterior
GarageNo
Approx. Age1988
Stories3
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 23, 2026List Date
$2,249,000List Price
  • Commute

Commute

Starting Address
Destination Address
646 N Madison Avenue, Los Angeles, CA

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