For sale

$1,350,000

557 N Madison Ave, Los Angeles, CA 90004

2beds

1,657sqft

$8,789/mo

Get pre-qualified

Residential

Built in 1940

7,509 Square Feet Lot

$1,292,500 Zestimate^®

$815/sqft

$-- HOA

What's special

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.

28 days
177
7

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1

Rooms

Room types: Dining Area, Office, Media Room, Living Room, Library

Heating

Floor Furnace

Cooling

Wall/Window Unit(s)

Appliances

Included: Refrigerator, Range/Oven
Laundry: Inside

Features

Flooring: Hardwood, Tile
Number of fireplaces: 1
Fireplace features: Bonus Room, Dining Room

Interior area

Total structure area: 1,657
Total interior livable area: 1,657 sqft

Property

Parking

Parking features: Garage - 4+ Car, Garage Is Detached, Workshop in Garage
Has garage: Yes

Features

Levels: One
Pool features: None
Spa features: None
View description: None

Lot

Size: 7,509 Square Feet
Dimensions: 50 x 150

Details

Additional structures: None
Parcel number: 5539032002
Zoning: LAR3
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Architectural style: Traditional
Property subtype: Residential

Condition

Year built: 1940

Community & HOA

HOA

Has HOA: No

Location

Region: Los Angeles

Financial & listing details

Price per square foot: $815/sqft
Tax assessed value: $1,363,536
Date on market: 10/9/2026

Estimated market value

$1,292,500

$1.23M - $1.36M

$3,360/mo

Price history

Date	Event	Price
10/9/2026	Listed for sale	$1,350,000+9.3%$815/sqft
Source: CLAW #26998563 Report a problem
6/10/2026	Listing removed	$4,500$3/sqft
Source: Zillow Rentals Report a problem
5/30/2026	Listed for rent	$4,500+13.9%$3/sqft
Source: Zillow Rentals Report a problem
12/25/2025	Listing removed	$3,950$2/sqft
Source: Zillow Rentals Report a problem
12/24/2025	Listed for rent	$3,950$2/sqft
Source: Zillow Rentals Report a problem
12/24/2025	Listing removed	$3,950$2/sqft
Source: Zillow Rentals Report a problem
11/19/2025	Price change	$3,950-6%$2/sqft
Source: Zillow Rentals Report a problem
11/13/2025	Listed for rent	$4,200+6.3%$3/sqft
Source: Zillow Rentals Report a problem
7/6/2023	Listing removed	--
Source: Zillow Rentals Report a problem
6/29/2023	Listed for rent	$3,950$2/sqft
Source: Zillow Rentals Report a problem
6/29/2021	Sold	$1,235,000+7.4%$745/sqft
Source: Public Record Report a problem
6/28/2021	Pending sale	$1,150,000$694/sqft
Source: SDMLS #OC21125785 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2026	--	$1,363,536 +2%
2025	$16,247 +0.9%	$1,336,801 +2%
2024	$16,095 +2%	$1,310,590 +2%
2023	$15,783 +4.9%	$1,284,893 +2%
2022	$15,048 +259.5%	$1,259,700 +278.2%
2021	$4,186 -0.9%	$333,098 +1%
2020	$4,223	$329,683 +2%
2019	$4,223 +6.9%	$323,220 +2%
2018	$3,952	$316,883 +2%
2017	$3,952 +2.3%	$310,671 +2%
2016	$3,865 +2.7%	$304,580 +1.5%
2015	$3,764 +1%	$300,005 +2%
2014	$3,728	$294,129 +2.5%
2012	--	$287,061 +2%
2011	--	$281,433 +463.8%
2010	--	$49,915 -0.2%
2009	--	$50,035 +2%
2008	--	$49,055 +2%
2007	--	$48,094 +2%
2006	--	$47,152
2005	--	$47,152 +4%
2004	--	$45,323 +1.9%
2003	--	$44,493 +2%
2002	--	$43,621 +4%
2000	--	$41,929