See Home Value
$721,115*
House - Off Market

706 N Madison Ave

Los Angeles, CA 90029
bedrooms
1 Bed
bathrooms
1 Bath
square feet
400 Sqft
$599,000 - $731,000
Reference Base Price*
8.44%
Since Jan 1, 2023
CA-Los Angeles
Primary Model
Sold Oct 22, 2021
$475,000
$451,250 by Equity Smart Home Loans Inc
Mortgage Due Nov 01, 2051

About This Property

Step inside this cozy bungalow circa 1921 and you'll instantly be delighted at the comfortable layout and cheerful nature. There's a strategy to creating small, well-designed spaces and this has been executed from wall to wall. Recently updated throughout you'll note vinyl wood plank flooring, an upgraded appliance suite and clean minimalist touches that create a thoughtful space. The backyard is the perfect extension allowing for entertaining and relaxation as you enjoy the fruit from the lemon and guava trees. Located in the heart of Virgil Village, you're steps away from some of LA's most treasured offerings such as Squirl, Courage Bagels, Cafecito Organico along with close proximity to Sunset Junction and easy access to commuter fwys. Whether you're looking for your very own place to call home, a pied-a-terre, or income property via Airbnb, this tiny home delivers in a big way.
Unit Size
400Ft²
Days on Market
-
Land Size
0.03 acres
Price per sqft
$1,663
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1921

Price History

Date / Event Date Event Price
Dec 9, 2022 No longer available -
No longer available
Nov 29, 2022 Price Increased $665,000
↑ $70K (11.8%)
Price Increased
Nov 3, 2022 Listed $595,000
Listed
Oct 22, 2021 Sold to Ryan Klausner $475,000
Sold to Ryan Klausner
Oct 6, 2021 No longer available -
No longer available
Show More

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1921
  • Effective Year Built: 1921
  • Building Count: 1
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Good
  • Building Quality: D
  • Construction Type: Wood
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 1,406
  • Lot Size Depth Feet: 500
  • Lot Size Frontage Feet: 280
  • Total Building Area: 400
  • Building Area: 400
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 400
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CONNERS SUB OF JOHANNSEN TRACT
  • Land Acres: 0.032
  • Standard Land Use Code: Single family residential
  • Legal Description 1: CONNERS SUB OF THE JOHANNSEN TRACT N 28 FT OF S 116 FT OF W 50 FT OF LOT/SEC 452

Ownership

  • Current Owner : KLAUSNER RYAN
  • Previous Owner : URBAN STREET VENTURES INC
  • Ownership Rights Codes: Single/unmarried man

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 191420

Zoning

  • Zoning: LARD1.5

Geography

  • Assessors Map Reference: 34-F5
  • Subdivision Tract Number: N
  • Parcel: 5539-020-024
  • Lot: 452
  • Municipality: EAST /LA ECHO PARK
  • Latitude: 34.084
  • Longitude: -118.289

    Address

  • Full Address: 706 N Madison Ave
  • Address - House Number: 706
  • Street Direction: N
  • Address - Street Name: Madison
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C021
  • 4-Digit Zip Code: 3504
  • Zip Code: 90029

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,572
  • Tax Rate Code Area: 00-013

    Appraisal Valuation

  • Standard Deviation: 0.0678
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 96
  • Final Value: 604,747
  • High Value: 645,781
  • Low Value: 563,713

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $576,250
  • First Open Lien Mortgage Lender: EQUITY SMART HOME LOANS INC
  • First Open Lien Mortgage Recording Date: May 06, 2022
  • First Open Lien Mortgage Loan Amount: $451,250
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2051
  • Second Open Lien Mortgage Lender: LOAN STORE INC
  • Second Open Lien Mortgage Recording Date: Apr 04, 2024
  • Second Open Lien Mortgage Loan Amount: $125,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Mar 26, 2054

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $484,500
  • Assessed Land Value: $387,600
  • Assessed Improvements Value: $96,900

    Sales

  • Current Sale Contract Date: Oct 01, 2021
  • Current Sale Recording Date: Oct 22, 2021
  • Current Sale Transaction ID: 11860659012
  • Current Sale Price: $475,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 21-1595001

    Last Sale Mortgage

  • First Mortgage Lender: EQUITY SMART HOME LOANS INC
  • First Mortgage Transaction Date: Oct 22, 2021
  • First Mortgage Loan Amount: $451,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2051



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Land
Loft
-
-
$650,000 Oct 3, 2023
-
-
Townhouse
3 Beds
2 Baths
795 ft²
$753/ft²
$599,000 Sep 25, 2023
-
$200/mo
Condo
2 Beds
2 Baths
989 ft²
$788/ft²
$779,000 Oct 19, 2023
-
$461/mo
Condo
3 Beds
3 Baths
1,331 ft²
$495/ft²
$659,000 Aug 15, 2023
-
$506/mo
Multifamily
4 Beds
2 Baths
2,132 ft²
$364/ft²
$775,000 Sep 19, 2023
-
-

About Central LA


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Frequently Asked Questions

When was property at 706 North Madison Avenue built and last sold?
The property at 706 North Madison Avenue was built in 1921 and last sold on Oct 1, 2021 for $475,000.
How much is this home worth?
The estimated value of the home located at 706 North Madison Avenue is $638,538.
What are some comparable homes to 706 North Madison Avenue?
There are currently no comparable homes to 706 North Madison Avenue.

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