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Raul & Mary Beth Viruete

Coldwell Banker West

support@virueterealty.com +1(619) 987-5840

$ 1,499,000

Est. payment -/mo

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128 S Madison AVE Los Angeles, CA 90004

16 Beds

16 Baths

12,600 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 12,600 sqft

Price per Sqft $118

MLS Listing ID 25529221

Bedrooms 16

Full Baths 16

HOA Y/N No

Year Built 1948

Lot Size 6,242 Sqft

Property Sub-Type Single Family Residence

Property Description

Amazing Development Opportunity in Prime Mid-Wilshire area Adjacent to Silver Lake. This exceptional investment opportunity comes with submitted plans for a 13-unit apartment building allowing a savvy investor or developer to save money and time on acquiring the RTI plans. The architectural plans feature 10 spacious 1-bed/1-bath units, 3 premium 2-bed/2-bath units, and 2 recreation rooms, with a total Gross Building Area of 12,600 sqft and Gross Living Area of 7,700 sqft. Additionally, the project qualifies for both the ED1 and CHIP offering significant time and cost-saving development benefits. All the architectural and engineering fees have been paid. The house is currently furnished and rented on month to month basis colleting approximately $4000/month. It can be delivered both vacant or with tenant, allowing an investor to collect rent while working toward RTI. Located just moments from Metro stations, vibrant nightlife, dining, and cultural landmarks, this property sits in one of L.A.'s strongest rental markets.

Location

State CA

County Los Angeles

Area C17 - Mid-Wilshire

Zoning LAR3

Rooms

Other Rooms Guest House

Interior

Heating Central

Cooling Central Air

Flooring Laminate

Fireplaces Type None

Furnishings Furnished Or Unfurnished

Fireplace Yes

Appliance Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer

Exterior

Parking Features Carport

Pool None

View Y/N No

View None

Private Pool No

Building

Story 1

Entry Level One

Level or Stories One

Additional Building Guest House

New Construction No

Others

Senior Community No

Tax ID 5501015021

Special Listing Condition Standard

Listed by Arash Pashaei • Keller Williams Beverly Hills

Raul & Mary Beth Viruete

Agent | License ID: 01339351

+1(619) 987-5840

Raul & Mary Beth Viruete

128 S Madison AVE Los Angeles, CA 90004

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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128 S Madison AVE