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$2,300,000

  • Sold
  • Closed
  • Multi-Family
  • Updated 10 hours ago
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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.

Full Property Details for 646 N Madison Ave

General

  • Sold For: $2,300,000
  • Status: Closed
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: SB26039613
  • Added to Site: 93 day(s) ago

Rooms

Other Rooms

  • Laundry: Common Area

Additional Information

  • Pool Description: None

Location

  • Area: C18 - Hancock Park-Wilshire
  • County: Los Angeles
  • Development Name: C18 - Hancock Park-Wilshire
  • Driving Directions: North of Beverly Blvd, South of Melrose Ave, East of Highland Ave, West of Western Ave.

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 9
  • # Electric Meters: 9

Structural Information

  • Entry Location: Front Door
  • Square Feet: 7,134
  • Year Built: 1988

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 4

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 5

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 6

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 7

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 8

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 9

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 10

  • Total Bathrooms: 1
  • Bedrooms: 2

Lot Features

  • Lot Size (Acres): 0.1725
  • Lot Size Source: Assessor
  • Lot Description: Rectangular Lot

Financial Considerations

  • Price Per Sq. Ft.: $322.4
  • Price Per Unit: 224900

Listed by Lyon Stahl Investment Real Estate, Inc., John Stiegler II and Keller Williams Beverly Hills, Rory Barish
Sold by Lyon Stahl Investment Real Estate, Inc., Michael Kamara

Listing agents

— 646 N Madison Ave —

  • John Stiegler II

    Lyon Stahl Investment Real Estate, Inc.

  • Rory Barish

    Keller Williams Beverly Hills

310-447-2213

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 646 N Madison Ave

School District:Los Angeles Unified School District
NameGradesDistance
Dayton Heights Elementary School
607 N. W.moreland Ave., Los Angeles, CA 90004
K-50.1 mi
Thomas Starr King Middle School
4201 Fountain Avenue, Los Angeles, CA 90029
6-81 mi
John Marshall Senior High School
3939 Tracy Street, Los Angeles, CA 90027
9-121.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 646 N Madison Ave

Date
Details
Price
Change
Source
5/21/2026
Sold
$2,300,000
2.27%
MLS
2/23/2026
Listed
$2,249,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Lyon Stahl Investment Real Estate, Inc., John Stiegler II and Keller Williams Beverly Hills, Rory Barish
Sold by Lyon Stahl Investment Real Estate, Inc., Michael Kamara

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646 N Madison Avenue, Los Angeles, CA 90004 (MLS# SB26039613) is a Multi-Family property that was sold at $2,300,000 on May 21, 2026. Want to learn more about 646 N Madison Avenue? Do you have questions about finding other Multi-Family real estate for sale in Hancock Park? You can browse all Hancock Park real estate or contact a Coldwell Banker agent to request more information.