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Ever Banuelos

ever.banuelos@gmail.com +1(323) 833-9824

$1,249,000

Est. payment - /mo

3 Beds

2 Baths

1,320 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,320 sqft

Price per Sqft $946

MLS Listing ID 26665323

Style Contemporary Mediterranean

Bedrooms 3

Full Baths 2

HOA Y/N No

Year Built 1948

Lot Size 6,242 Sqft

Acres 0.1433

Property Sub-Type Single Family Residence

Property Description

Welcome to 128 S Madison Ave, a rare opportunity in the heart of Mid-Wilshire offering both immediate livability and exceptional future upside. This charming 3-bedroom, 2-bathroom home spans approximately 1,320 square feet and sits on a R3 prime lot in one of Los Angeles' most sought-after neighborhoods. The existing residence features a functional layout with ample natural light, comfortable living spaces, and strong rental or owner-user potential. Whether you're looking to move in, lease out, or hold as an investment, the property provides flexibility and value from day one. In addition to the main residence, there is a detached guest house in the rear, ideal for use as a home office, guest suite, or potential income-producing unit, adding flexibility and value to the property. A standout feature of this offering is that plans have already been submitted to the city for the development of a 9-unit, 3-story building, currently in the process of approval. This presents a rare opportunity for investors and developers to acquire a property with significant future development potential while generating income in the interim. Ideally located near Silver Lake, Downtown Los Angeles, and the vibrant Mid-Wilshire corridor, the property offers convenient access to shopping, dining, entertainment, and major employment hubs. Perfect for investors, developers, or end-users seeking long-term upside in a prime central location this is a property with both present value and future potential.

Location

State CA

County Los Angeles

Area Mid-Wilshire

Zoning LAR3

Rooms

Other Rooms GuestHouse

Dining Room 0

Interior

Heating Central

Cooling Central

Flooring Laminate

Fireplaces Number 1

Fireplaces Type None

Equipment Microwave, Freezer, Garbage Disposal, Dishwasher, Dryer, Range/Oven, Refrigerator, Washer

Laundry In Unit

Exterior

Parking Features Carport

Garage Spaces 2.0

Pool None

View Y/N No

View None

Building

Story 1

Architectural Style Contemporary Mediterranean

Level or Stories One

Others

Special Listing Condition Standard

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The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Keller Williams Beverly Hills

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Ever Banuelos

Team Leader | License ID: 01945384

+1(323) 833-9824 | ever.banuelos@gmail.com

128 S Madison Ave Los Angeles, CA 90004

Ever Banuelos

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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