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Listed by: Yitzy Pearson (323) 216-0575 DRE #01352485 | Pearson Affiliated, Inc. (323) 216-0575
$1,350,000
Monthly Est:$6,719
2 Beds
1 Bath1 full bath
1,657sqft
557 N Madison Ave, Los Angeles, CA 90004
$1,350,000
$6,719/moEst:
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Single Family Residence
Built in 1940
$-- HOA
7,508 sqft lot
$815/sq.ft
Description
A Phenomenal opportunity to redevelop this 7,505 sq ft flat lot zoned for R3 / TOC Tier 3 / TOIA 2 / ED1. There is an existing 1,657 single family home and a detached garage on the land. This property is in the heart of Los Angeles which is easily accessible directly off the 101 FWY. The property is securely gated and the extensive driveway can accommodate up to 8 cars, plus 4 more in the garage for a total of 12 parking spaces! The oversized garage is a detached building measuring approximately 24 feet wide by 33 feet long with 14-foot-high ceilings! The possibilities for this versatile structure are endless! Imagine a private workshop or an ADU conversion? The spacious backyard has plenty of room so it could possibly be used to build another ADU! This exceptional property is a rare gem and a must see!!! 3D renderings are for illustration purposes only and are not an indication of what the city will approve.
- Houzeo last checked: 10 minutes ago
- Listing updated: October 9, 2026 at 3:02 am
- Source: California Regional MLS-CA | MLS#: 26998563
Property Details
Status
Active
Type
Single Family Residence
No. of Stories
1
County
City
Neighborhood
--
Year Built
1940
HOA Fees
-
Finished Area
1,657 sqft
Lot Size
7,508 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
26998563
MLS Status
Active
Days on Market
1
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 2
Bathroom: 1
Interior
Flooring
Tile, Wood
Cooling
Wall Window Units
Heating
Floor Furnace
Appliances
Refrigerator
Construction
Year Built
Year Built: 1940
Home type
Single Family Residence
Architectural Style
Traditional
Utilities & Energy
Fireplace Features
Bonus Room, Dining Room
Pool Features
None
Parking Features
Workshop In Garage
Laundry Features
Inside
Price History
| Date | Event | Price |
|---|---|---|
10/08/2026 Source: | Listed for Sale | $1,350,000 +9.31% $815/sqft |
06/29/2021 Source: | Price Increased | $1,235,000 +7.39% $745/sqft |
06/29/2021 Source: | Sold | $1,150,000 $694/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Oct 09, 2026, 07:00AM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being 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. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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