646 N Madison Avenue, Los Angeles, CA 90004
Property
Sold May 2026
Listing Agent: John Stiegler II (DRE #01981597) · Listing Office: Lyon Stahl Investment Real Estate, Inc. · Contact: 310-447-2213 · Bought with: Michael Kamara · Lyon Stahl Investment Real Estate, Inc. · MLS #SB26039613 · Source: CRMLS
How this sale compares
646 N Madison Avenue sold for $2,300,000 in May 2026, 2.3% over its $2,249,000 list price, after 14 days on the market. Across 77 closed sales in 90004 over the last 12 months, the median sold price is $1,600,000 and the median is $691 per square foot.
| Quarter | Closed sales in 90004 | Median sold price |
|---|---|---|
| Q1 2026 | 7 | $1,800,000 |
| Q2 2026 | 38 | $1,690,000 |
| Q3 2026 | 32 | $1,482,500 |
Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Los Angeles · Homes for sale in 90004
Description
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.
Listing description from the May 2026 sale, as reported to CRMLS.
Sale history
Recent sales near 646 N Madison Avenue
449 N Virgil: Sold $825,000 · 2 bd · 2 ba · 1,886 sqft · Jul 2026 · 0.3 mi
Option West Realty | DRE #00904817
Buyer's agent: David Babiracki, Option West Realty | DRE #00904817532 N Berendo Street: Sold $1,300,000 · 11 bd · 5 ba · 3,428 sqft · Jul 2026 · 0.3 mi
Lyon Stahl Investment Real Estate, Inc. | DRE #02059042
Buyer's agent: Sheikh Cheragee, Allied Realty Inc | DRE #01427228432 N Commonwealth: Sold $790,000 · 4 bd · 2 ba · 1,432 sqft · Aug 2026 · 0.4 mi
eXp Realty of California Inc | DRE #01923684
Buyer's agent: Zamantha Gomez, Luxury Collective | DRE #02203803512 N Alexandria Avenue: Sold $2,400,000 · 12 bd · 16 ba · 11,184 sqft · Jun 2026 · 0.6 mi
KW Commercial Studio City | DRE #01893466
Buyer's agent: Rich Johns, KW Commercial Studio City | DRE #01432215519 N Alexandria: Sold $1,130,000 · May 2026 · 0.6 mi
Keller Williams R. E. Services | DRE #00976678
Buyer's agent: Allen Avedissian, Keller Williams R. E. Services | DRE #02168675519 N Alexandria: Sold $1,130,000 · May 2026 · 0.6 mi
Keller Williams R. E. Services | DRE #00976678
Buyer's agent: Allen Avedissian, Keller Williams R. E. Services | DRE #02168675251 N Kenmore Avenue: Sold $1,920,000 · 12 bd · 6 ba · 6,852 sqft · Aug 2026 · 0.7 mi
Compass | DRE #00910893
Buyer's agent: Hans Chiang Chiang, Azure Waves Realty | DRE #02037013147 N Berendo Street 202: Sold $715,000 · 3 bd · 2 ba · 1,410 sqft · Apr 2026 · 0.7 mi
Compass | DRE #02072406
Buyer's agent: Lily Sie Sulistyowati, RE/MAX CHAMPIONS WC | DRE #01334118
Closed sales reported in 90004, nearest first, last 12 months. All recent sales in Los Angeles →