1 month on rocket

1116 N Madison Ave, Los Angeles, CA, 90029

$1,150,000

Home List Price

$10,000*

Closing Credit

6 Bedrooms
4 Baths
3,268 SqFt
$352/SqFt
House

Location

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1116 N Madison Ave, Los Angeles$1,150,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingAssigned
Year Built1905
HeatingWall Furnace
MLS #24440335
Lot Size0.18 Acres
StatusActive

About 1116 N Madison Ave

IT'S TIME...to take ownership of this terrific 4-unit investment property (single free-standing home + 3 units; 6 BR/4 bath total). IT'S TIME...for an actual non-fictional, no-hype, priced-to-sell, Silver Lake/Virgil Village adjacent, income producing property to hit the market. IT'S TIME...for an owner/user, investor OR experienced real estate guru to find a smooth opportunity in a neighborhood engaged with new development and exciting energy. IT'S TIME...for said owner/user OR guru to receive this investment property with two of the four units VACANT and ready to rent. IT'S TIME...to never worry again about a late charge for returning books back to the library (?!!) - simply lob them over the fence to the beautiful next-door Cahuenga Branch Public Library (a designated Historic-Cultural Monument listed on the National Register of Historic Places). IT'S TIME...for a (buyer) broker to work with another experienced (listing) broker where BOTH can enjoy the professional camaraderie of buying & selling real estate. IT'S TIME...for Fall, cooler weather, and a little elbow-grease + love to make this hard-to-find property your own piece of LA.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1905
  • Stories: 2
  • Living Area: 3,268 SqFt

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (310) 777-6200
  • Listing Agent: Claudia Hipolito

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 6

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Assigned

Lot Features

Lot Information:

  • Lot Size: 0.18 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace

School Info

Assigned Schools Information:

  • John Marshall Senior High School, Public Magnet Grades 9-12
  • Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
  • Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
  • Thomas Starr King Middle School Film and Media Mag, Public Magnet Grades 6-8
  • Studio, Public District Grades 6-8
  • Lockwood Avenue Elementary School, Public District Grades KG-6
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Academy For Enriched Sciences, Public Magnet Grades 1-5

Other

Directions Information:

  • Directions: North of Santa Monica, Between Vermont and Virgil

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,150,000
  • Price Per SqFt: $352/SqFt

Tax Information:

  • Annual Amount: $5,592
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

36

# of Sold Homes

1331

1116 N Madison Ave vs Los Angeles

35 DAYS ON ROCKET

-1 Day

$1,150,000

+$137.5K More

$352/SqFt

-$288 Less

KEY TAKEAWAY

This property is $137.5K more than the Median Sold Price and $288/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24440335

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (310) 777-6200
  • Listing Agent: Claudia Hipolito

IDX Based on information from California Regional Multiple Listing Service, Inc. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 10/22/2024, 8:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 15, 1988Home Sold
$247,000
Dec 15, 1988Home Sold
$247,000
Nov 16, 1988Home Sold
$211,000
Jun 08, 1988Home Sold
$210,500

Tax History

YEARPROP. TAXASSESSMENT
2021$5,592$428,192
2020$5,434$423,802
2019$5,306$415,493
2018$5,195$407,347
2017$5,195$399,361

History based on county public records data.

Payment Calculator

$5,807

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,514

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-505718
4
/10

  • Lockwood Avenue Elementary School

  • 4345 Lockwood Ave

  • 0.20 miles

  • Public District Grades KG-6

school-card-donut-505719
9
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 3.27 miles

  • Public Magnet Grades KG-6

school-card-donut-505720
9
/10

  • Academy For Enriched Sciences

  • 6170 Lockhurst Dr

  • 21.43 miles

  • Public Magnet Grades 1-5

Middle School

school-card-donut-505721
6
/10

  • Thomas Starr King Middle School Film and Media Mag

  • 4201 Fountain Ave

  • 0.60 miles

  • Public Magnet Grades 6-8

school-card-donut-505722
4
/10

  • Studio

  • 2211 W Avenue 30

  • 3.13 miles

  • Public District Grades 6-8

High School

school-card-donut-505723
8
/10

  • John Marshall Senior High School

  • 3939 Tracy St

  • 1.31 miles

  • Public Magnet Grades 9-12

school-card-donut-505724
8
/10

  • Math, Science, & Technology Magnet Academy at Roosevelt High School

  • 456 S Mathews St

  • 5.77 miles

  • Public Magnet Grades 9-12

school-card-donut-505725
7
/10

  • Daniel Pearl Journalism & Communications Magnet

  • 6649 Balboa Blvd

  • 13.99 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $39,530. The most common annual income of people living in Los Angeles, CA is less than $35k. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1116 N Madison Ave

What is the listing price of this property?

The listing price of 1116 N Madison Ave property is $1,150,000.

What type of property is this?

The property 1116 N Madison Ave is a house located in Los Angeles, California, 90029.

Is this property for sale now?

Active Listing: 1116 N Madison Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1116 N Madison Ave are:
Lockwood Avenue Elementary School: GreatSchools Rating 4/10
Melrose Avenue Elementary School: GreatSchools Rating 9/10
Academy For Enriched Sciences: GreatSchools Rating 9/10
Thomas Starr King Middle School Film and Media Mag: GreatSchools Rating 6/10
Studio: GreatSchools Rating 4/10
John Marshall Senior High School: GreatSchools Rating 8/10
Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10
Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 7/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $5,592 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on December 15, 1988 for $247,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1116 N Madison Ave has 6 bedrooms and 4 bathrooms.

What is the square footage of this property?

The property 1116 N Madison Ave is 3,268 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1116 N Madison Ave is 1905.

Rocket Homes›California›Los Angeles County›Los Angeles›90029›1116 N Madison Ave

This home is located at 1116 N Madison Ave in Los Angeles, CA and zip code 90029 in the Central LA neighborhood. This 3,268 square foot home, which was built in 1905, sits on a 0.18 acre lot. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since September 17, 2024 and is currently priced at $1,150,000.

In September 2024, from all listings sold in Los Angeles, CA there were more than 532 sold above asking price, over 619 sold below and more than 180 were sold right at the asked price. The number of listings in Los Angeles, CA increased by 10.6% between August 2024 and September 2024. While the average time on the market in September 2024 was 36 days, the median list price was $1,012,476.

From Rocket Homes Real Estate and based on county public records data.

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