1115 N Madison, Los Angeles, California 90029, Los Angeles, 90029 - 0 bed, 0 bath
Loading property details...
Los Angeles, California 90029
This Quadruplex Investment Asset presents a Strong Value Opportunity, listed at $1,599,000—positioned above the $1,480,125 Fair Market Value. While the property requires capital expenditure due to its Condition Rating of 5, the unique configuration of four detached structures offers significant privacy and rental appeal. With a 1930 build date and 40 years of continuous ownership, this is a prime candidate for modernization to capture current market rents. This is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking to reposition a rare, centrally located Los Angeles asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1115 N Madison Subject | $1,599,000* List Price | 0 | 0 | 3,416 | $433 | - |
A 1137 N Madison Active | $1,295,000 List Price | 0 | 0 | 3,678 | $352 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1930 and off the market for over 40 years, the property likely contains original or severely outdated systems, kitchens, and baths. The listing's emphasis on 'upside potential' and 'repositioning' indicates the structures require significant rehab and modernization to be competitive.
Each unit is a separate standalone structure, offering a rare level of privacy and a 'single-family home' feel that significantly increases tenant appeal and rental premium compared to traditional apartments.
Offered for the first time in over 40 years, the property presents a major upside for investors to modernize units and transition long-term tenancies to current market rates.
The property is ideally situated with rapid access to Silver Lake, Hollywood, and Downtown LA, ensuring high demand and low vacancy rates in one of the city's most sought-after rental markets.
With 40+ years of continuous ownership and a 1930 build date, the property likely requires significant capital expenditure for system upgrades, seismic considerations, and cosmetic renovations.
Many of the assigned public schools carry lower performance ratings (3-4/10), which may limit the property's appeal to families prioritizing high-ranking educational districts.
First time on the market in over 40 years, 1115 N. Madison Ave presents a rare opportunity to own a well-located 4-unit investment property in the heart of Los Angeles with tremendous upside potential. Each unit in this quadplex is its OWN SEPARATE STRUCTURE... the property offers a level of privacy and individuality rarely found in traditional multifamily properties. The unit mix consists of 3 units that are 2 beds & 2 baths and 1 unit that is 3 beds & 2 baths, creating strong rental appeal for a wide range of tenants. With generous layouts and standalone structures, the property is ideally positioned for both long-term hold investors and buyers looking to unlock future value through strategic improvements and rental growth. Situated in a highly central and convenient location, residents enjoy easy access to some of Los Angeles’ most popular neighborhoods, dining, shopping, entertainment, and major commuter routes. Just minutes from Hollywood, Koreatown, Silver Lake, and Downtown LA, the property offers the connectivity and lifestyle today’s renters are actively seeking. Nearby freeway access and public transportation options make commuting throughout the city simple and efficient. Whether you’re looking to expand your portfolio, reposition an asset, or secure a generational investment in a prime Los Angeles location, 1115 N. Madison Ave is a standout opportunity with character, flexibility, and long-term potential.
No exterior & parking available.
Grades K-2 • 0.1 mi
Grades K-6 • 0.2 mi
Grades K-6 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 3,416 | 2,250 |
| Lot Size | 10,694 | 5,864 |
| Price | $1.60M | $826.7K |
| Price per sq ft | $468 | $395 |
| Built year | 1930 | 1925 |
| HOA | $0 | $0 |
| Days on market | 35 | 83 |
Jun 17, 2026
$1,599,000
Initial Listing