Offered at $549,000, 500 N Madison Avenue presents a rare opportunity in the up and coming Madison West Park neighborhood of East Hollywood, just minutes from Silverlake. Hitting the market for the first time, this 3 bedroom, 2 bathroom single family residence offers 1,301 square feet of living space on a 3,000 square foot lot. The property retains its original charm but has not been recently updated and will require renovation or redevelopmentperfect for investors looking for value add potential or ground up opportunities. The owner strongly prefers to sell this parcel as part of a bundled sale with two neighboring properties: 3877 Middlebury Street, a 1 bedroom, 1 bathroom home with 805 square feet of living area on a 2,502 square foot lot, listed at $529,000 (APN 5539 031 015); and 3875 Middlebury Street, a 2 bedroom, 1 bathroom home with 667 square feet on a 2,002 square foot lot, listed at $399,000 (APN 5539 031 014). The total asking price for all three parcels is $1,477,000. Together, these three parcels span 7,504 square feet of land with significant redevelopment potential. Current zoning allows for the construction of three residential income units per lot, enabling a total of 9 units by right. Alternatively with a low income housing set up, the site could yield up to 17 total unitsideal for investors and developers seeking scale and long term upside in a high demand rental submarket. We encourage you to act early to explore this rare opportunity to assemble and transform a prime site in one of Los Angeles most dynamic neighborhoods.