Property Details
About this Property
We are pleased to present 646 N Madison Ave, a 10-unit multifamily investment opportunity in the heart of East Hollywood, Los Angeles, featuring 1988 construction and not subject to LA RSO rent control. Situated in an Opportunity Zone and designated TOC Tier 3, the property offers strong long term investment fundamentals with potential density and development advantages. The building totals approximately 7,134 square feet on a 7,513 square foot lot and features a desirable unit mix of (4) one bedroom one bath units and (6) two bedroom one bath units, appealing to a broad tenant base. The asset includes 21 ground level parking spaces, gated tuck under parking access, and a coin operated shared laundry facility, providing both tenant convenience and additional income potential. With solid in place income and approximately 60% upside in rental income, the property presents a compelling value add opportunity. Based on projected market rents, the property offers an estimated 10.26% market cap rate, positioning 646 N Madison Ave as a rare high yield acquisition in one of Los Angeles’ most consistently strong rental markets.
MLS Listing Information
MLS #
CRSB26039613
MLS Source
California Regional MLS
Parking, School, and Other Information
Garage/Parking
Garage: 0 Car(s)
Contact Information
Listing Agent
John Stiegler II
Lyon Stahl Investment Real Estate, Inc.
License #: 01981597
Phone: –
Co-Listing Agent
Rory Barish
License #: 00966513
Phone: (310) 502-8797
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 10 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
646 N Madison Ave is a Residential Income in Los Angeles, CA 90004. This – square foot property sits on a 7,513 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,249,000 and was built in 1988. This address can also be written as 646 N Madison Ave, Los Angeles, CA 90004.
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This listing information is up-to-date as of March 09, 2026. For the most current information, please contact John Stiegler II
