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Welcome to 128 S Madison Ave, a rare opportunity in the heart of Mid-Wilshire offering both immediate livability and exceptional future upside. This charming 3-bedroom, 2-bathroom home spans approximately 1,320 square feet and sits on a R3 prime lot in one of Los Angeles' most sought-after neighborhoods. The existing residence features a functional layout with ample natural light, comfortable living spaces, and strong rental or owner-user potential. Whether you're looking to move in, lease out, or hold as an investment, the property provides flexibility and value from day one. In addition to the main residence, there is a detached guest house in the rear, ideal for use as a home office, guest suite, or potential income-producing unit, adding flexibility and value to the property. A standout feature of this offering is that plans have already been submitted to the city for the development of a 9-unit, 3-story building, currently in the process of approval. This presents a rare opportunity for investors and developers to acquire a property with significant future development potential while generating income in the interim. Ideally located near Silver Lake, Downtown Los Angeles, and the vibrant Mid-Wilshire corridor, the property offers convenient access to shopping, dining, entertainment, and major employment hubs. Perfect for investors, developers, or end-users seeking long-term upside in a prime central location this is a property with both present value and future potential.
Property Type(s):
Single Family
| Last Updated | 3/18/2026 | Year Built | 1948 |
|---|---|---|---|
| Community | C17 - Mid-Wilshire | County | Los Angeles |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer |
| AREA | C17 - Mid-Wilshire |
| FIREPLACE | Yes |
| HEAT | Central |
| LOT | 6242 sq ft |
| LOT DIMENSIONS | 52x120 |
| PARKING | Carport |
| POOL DESCRIPTION | None |
| STORIES | 1 |
| VIEW DESCRIPTION | None |
Location
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Listed with Keller Williams Beverly Hills
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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