TWO stand alone houses and ONE DUPLEX - Perfect for living in and income property. A rare combination of substantial land, existing income-producing improvements, and transit-oriented redevelopment potential on an approximately 12,200-square-foot lot in a transit-rich Los Angeles location. The property includes four separate addresses: 1137, 1137½, 1139, and 1139½ N. Madison Avenue. The property is approximately 900 feet from the Vermont/Santa Monica Metro B Line and within 300 feet of the one of a kind Madison Avenue Park and Community Garden.

The property presents several potential strategies for a home buyer, investor, or developer, including continued rental operation, phased improvements, or future redevelopment.

The two-story house at 1137 offers an attractive opportunity for an owner-occupant to enjoy a spacious residence while benefiting from substantial ongoing income from the property’s remaining three units.

As a Tier 4 Transit Oriented Community, existing zoning and density-bonus programs may allow increased residential development, and the site’s proximity to the metro station may provide additional long-term development potential under evolving housing laws, including SB 79. Buyers should independently verify all zoning and housing laws.

The property was professionally appraised in June 2026 at $1,350,000, providing a recent independent valuation reference. Appraisal information may be made available to serious prospective buyers.