148 South Madison Avenue

Los Angeles, CA 90004

$2,225,000
Last Sold Price
10
Beds
8
Baths
4,258 Sq. Ft.
$523 / Sq. Ft.
4,258
Sq. Ft.
$523
per Sq. Ft.

Description

148 S Madison is a premium 2021 construction fourplex with the lowest price tag of any fourplex that’s sold in this area for over 2 years! Deals as low as $2,225,000 don’t exist, so ACT FAST! This sleek, expertly designed property is made up of two modern duplexes containing a 4 bed/3 bath unit, a 3 bed/2 bath unit, a 2 bed/2 bath unit and a 1 bed/1 bath unit. This diverse unit mix will allow for quick and easy leasing! The property is located in prime Rampart Village location, moments from Koreatown,...148 S Madison is a premium 2021 construction fourplex with the lowest price tag of any fourplex that’s sold in this area for over 2 years! Deals as low as $2,225,000 don’t exist, so ACT FAST! This sleek, expertly designed property is made up of two modern duplexes containing a 4 bed/3 bath unit, a 3 bed/2 bath unit, a 2 bed/2 bath unit and a 1 bed/1 bath unit. This diverse unit mix will allow for quick and easy leasing! The property is located in prime Rampart Village location, moments from Koreatown, Virgil Village, Silver Lake, Echo Park, and Downtown Los Angeles. This fully-loaded triplex boasts: washer & dryers, stainless steel appliances, large balconies, open floorplans, European kichen cabinets, high ceilings, convenient built-in storage, and spacious, open floorplans. Plus, enjoy NO RENT CONTROL, a 1 year builder’s warranty, minimal maintenance, and separate meters for gas, water & electric!
  1. Listed by Elizabeth Maddox • DRE #01921425 • Brokerage DRE #01921425 • The 2-4 Unit Specialists

Property Details for 148 South Madison Avenue

View
City Lights, Neighborhood
Parking Spaces Total
6
Private Pool
No
Cooling Type
Central Forced Air
Total Units
4.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
4258

Location

Listing Courtesy of The 2-4 Unit Specialists, Elizabeth Maddox, DRE #01921425

Sold By Compass, Spencer Payson, DRE #01864609

Add your commute
LISTING UPDATED: 09/08/2022 04:29 AM

Property Details for 148 South Madison Avenue

StatusClosed
MLS #BB21067320
Days on Market9
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2021
Lot Size0.14 AC / 6,240 SF
CountyLos Angeles County

Location

Listing Courtesy of The 2-4 Unit Specialists, Elizabeth Maddox, DRE #01921425

Sold By Compass, Spencer Payson, DRE #01864609

Add your commute

Virtual Tour

Building Information for 148 South Madison Avenue

Stories3Residences-Year Built2021Building Size-Lot Size0.14 AC / 6,240 SF

Payment Calculator

$14,459 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,143

Property Taxes

$2,316

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 148 South Madison Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $12,396
  • Gross Scheduled Income: $148,752
  • Vacancy Allowance: 4463
  • Gross Operating Income: $144,289
  • Net Operating Income: $112,484
  • Financing: Cash To New Loan
Expense Details
  • Operating Expense: $31,805
  • New Taxes Expense: $26,702
  • Gardener Expense: $1,200
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $1,703
  • Trash Expense: $0
  • Water Sewer Expense: $600
  • Total Expenses: $31,805
Tax / Assessment Info
  • Tax Annual Amount: $26,702
  • Tax Tract Number: 6116
  • Tax Census Tract: 2111.22
  • Tax Lot: 43
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Freezer, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator
  • Equipment: Dishwasher, Dryer, Dryer Included, Freezer, Gas Dryer Hookup, Inside, Microwave, Refrigerator, Washer, Washer Hookup, Washer Included
  • Interior Features: Balcony, Open Floorplan, Recessed Lighting
  • Room Type: Kitchen, Living Room, Master Bathroom, Master Bedroom
  • Bedroom Features: Master Bedroom
  • Laundry: Yes
  • Laundry Features: Dryer Included, Gas Dryer Hookup, Inside, Washer Hookup, Washer Included
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
  • Flooring: Laminate
  • Virtual Tour URL Branded: https://youtu.be/ByvCJ4kScEE
  • Virtual Tour URL Unbranded: https://youtu.be/ByvCJ4kScEE
Exterior Features
  • Property Condition: Turnkey
  • View Description: City Lights
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Cul-De-Sac, Landscaped, Level, Near Public Transit, Sprinklers Drip System
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Three Or More
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 6
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 3999
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 3499
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2599
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2299
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number With Dishwasher: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Number With Disposal: 4

Property History for 148 South Madison Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 148 South Madison Avenue

Taxable ValueLand$724,053Additions$1,577,401Total$2,301,454
Tax Record2023$27,787 ($2,316 / month)
Home Facts
Beds2Total Finished SqFt936 SqFtAbove Grade Finished SqFt936 SqFtStories1Lot Size6,240 SqFtStyleSingle Family ResidenceYear Built1947ZoningLAR3CountyLOS ANGELESAPN5501-015-025

Schools near 148 South Madison Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Virgil Middle School
Public6 to 8

Academic Leadership Community School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The 2-4 Unit Specialists, Elizabeth Maddox, DRE #01921425

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.