817 North Madison Avenue
817 North Madison Avenue
$1,150,000
12
7
5,224
5,224
$220
Sold 4/27/21
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...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.
- Listed by Matthew Lee • DRE #01881080 • Brokerage DRE #01881080 • Lilly Enterprises, Inc.
Property Details for 817 North Madison Avenue
Water Front
None
ZoningLARD1.5
Accessibility FeaturesNone
Parcel Number5539015003
Total Units7.0
Living Area5224
Source Living AreaAssessor
AreaSilver Lake (671)
Location
LISTING UPDATED: 04/27/2021 02:51 PM
Property Details for 817 North Madison Avenue
Status | Sold |
---|---|
MLS # | 21-698046 |
Days on Market | 44 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1957 |
Lot Size | 0.17 AC / 7,513 SF |
County | Los Angeles County |
Location
Building Information for 817 North Madison Avenue
Stories2Residences-Year Built1957Building Size-Lot Size0.17 AC / 7,513 SF
Payment Calculator
$7,567 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 817 North Madison Avenue
Property History for 817 North Madison Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 817 North Madison Avenue
Taxable ValueLand$837,522Additions$359,258Total$1,196,780
Tax Record2023$15,487 ($1,291 / month)
Home Facts
Total Finished SqFt5,224 SqFtAbove Grade Finished SqFt5,224 SqFtLot Size7,513 SqFtStyleMulti-Family Res (5+ Units)Year Built1957ZoningLARD1.5CountyLOS ANGELESAPN5539-015-003
Schools near 817 North Madison Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 2 |
Rating | School | Distance |
---|---|---|
Lockwood Avenue Elementary School PublicK to 6 | ||
Thomas Starr King Middle School Public6 to 8 | ||
John Marshall Senior High School Public9 to 12 | ||
Lexington Avenue Primary Center PublicK to 2 |
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.
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