1116 N Madison Ave, Los Angeles, CA 90029 - View 1
1116 N Madison Ave, Los Angeles, CA 90029 - View 2
1116 N Madison Ave, Los Angeles, CA 90029 - View 3
1116 N Madison Ave, Los Angeles, CA 90029 - View 4
1116 N Madison Ave, Los Angeles, CA 90029 - View 5

1116 N Madison Ave, Los Angeles, CA 90029

Sale Price: $1,185,000
Sep 16, 20243,268 sqft6 beds4 baths
Listed by: Claudia Hipolito
License #: 01138517
Phone #: 323-697-2360
Coldwell Banker Realty
Source:
CRMLS Logo
MLS #: 24440335

Property Description

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.
Assignment
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$15,273

TurboHome Estimated Value

$1,084,100

$332 sqft

High Valuation
$1,138,305
$348/sqft
Normal Valuation
$1,084,100
$332/sqft
Low Valuation
$1,029,895
$315/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$332/sqft$1,084,100

Neighborhood: Mid Wilshire

Loading map...

Comparative Value

$1.00M

$1.15M

$1.19M

$1.35M

$1.38M

$1.44M

912 N Wilton Pl, Los Angeles, CA 90038

Sale Price: $1,000,000

Selected Comparable

1116 N Madison Ave, Los Angeles, CA 90029

List Price: $1,150,000

Subject Property

1116 N Madison Ave, Los Angeles, CA 90029

Sale Price: $1,185,000

Selected Comparable

756 Hyperion Ave, Los Angeles, CA 90029

Sale Price: $1,350,000

Selected Comparable

1018 Manzanita St, Los Angeles, CA 90029

Sale Price: $1,381,000

Selected Comparable

4616 Kingswell Ave, Los Angeles, CA 90027

Sale Price: $1,436,500

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
1116 N Madison Ave, Los Angeles, CA 90029

1116 N Madison Ave, Los Angeles, CA 90029

List: $1,150,000

Listed: 9/16/2024

Area:3,268 sqft
Price/sqft:$352
Beds:6
Baths:4
Year Built:
Lot Size:7,709

Comparable Properties

COMPARABLE
Choose comps
1116 N Madison Ave, Los Angeles, CA 90029

1116 N Madison Ave, Los Angeles, CA 90029

Sale: $1,185,000

11/25/20240.00 mi

Area:3,268 sqft
Price/sqft:$363
Beds:6
Baths:4
Year Built:
Weight:25.5%
4616 Kingswell Ave, Los Angeles, CA 90027

4616 Kingswell Ave, Los Angeles, CA 90027

Sale: $1,436,500

7/25/20250.76 mi

Area:3,663 sqft
Price/sqft:$392
Beds:6
Baths:5
Year Built:
Weight:21.2%
912 N Wilton Pl, Los Angeles, CA 90038

912 N Wilton Pl, Los Angeles, CA 90038

Sale: $1,000,000

12/18/20241.43 mi

Area:3,166 sqft
Price/sqft:$316
Beds:6
Baths:5
Year Built:
Weight:19.3%
756 Hyperion Ave, Los Angeles, CA 90029

756 Hyperion Ave, Los Angeles, CA 90029

Sale: $1,350,000

7/18/20250.53 mi

Area:3,570 sqft
Price/sqft:$378
Beds:7
Baths:5
Year Built:
Weight:18.0%
1018 Manzanita St, Los Angeles, CA 90029

1018 Manzanita St, Los Angeles, CA 90029

Sale: $1,381,000

11/12/20240.40 mi

Area:3,108 sqft
Price/sqft:$444
Beds:5
Baths:3
Year Built:
Weight:16.1%

How it Works

1

Meet your local TurboHome agent

We match you with an in-house licensed real estate agent who knows your market
2

We support your home-selling journey

Everything you'd expect your agent to do: pricing, listing, photos, staging, open houses, and negotiating
3

You get big savings

You split the commission with your agent 50/50, saving you thousands compared to a traditional agent
Two iPhones. One with a TurboHome screen that contains a profile photo and 'Meet Kevin' heading. The other with a TurboHome IQ screen with an example Disclosure Summary.
The Mercury News
CBS News
Business Insider
Orange County Register
Silicon Valley
East Bay Times