For sale Home

Listed Oct 8, 2026

$1,350,000 Est. $8,929/mo

557 North Madison Avenue

  • 2

    Beds

  • 1

    Baths

  • 1,657

    Sq ft

The story

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.

Facts & features

Home type

Home

Year built

1940

Floors

1

Price per sq ft

$815

Included features

  • Fireplace

    Yes

  • Cooling

    Wall Window Units

  • Heating

    Floor Furnace

  • Appliances

    Refrigerator

  • Flooring

    Tile, Wood

Mortgage calculator

Estimated monthly payment

$8,929 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $7,185
  • Property tax $1,350
  • Insurance $394

Includes principal, interest, taxes & insurance.

Your Property Journey

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Listing Broker

Pearson Affiliated, Inc.

Broker Name

Pearson Affiliated, Inc.

Agent

Yitzy Pearson

Location

Los Angeles CA 90046