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2 Beds
1 Bath
1,657 sqft

$1,350,000

557 N Madison Avenue, Los Angeles CA, 90004

Price per sqft$814.73
Built in1940
Property size1,657 sqft
Property typeResidential
Listed by Yitzy Pearson CA DRE# 01352485 with Pearson Affiliated, Inc. 323-216-0575

Overview

Active

Listed Oct 8, 2026

Updated 7h ago

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.

$8,982/mo

Est. mortgage payment based on a $1,350,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
26998563

Interior Features

Bedrooms
2
Bathrooms
1
Fireplace
Yes
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.17 Acres

Other Property Details

Garage
Yes
55+/Senior Community
No
MLS provider logo

Listed by Yitzy Pearson CA DRE# 01352485 with Pearson Affiliated, Inc. 323-216-0575

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/10/2026. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2026 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 10/10/2026 at 7:01 AM UTC Last Checked: 7:01 AM UTC

 

 

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