500 N Madison Avenue: A Fully Remodeled East Hollywood Home for $899,000 — Under $1M, Minutes from Silver Lake

by Drew Smyth

500 N Madison Avenue at dusk — Find the perfect home for your family, listed at $899,000, Smyth Properties
Open House — This Weekend · Sat & Sun
3Bedrooms
2Bathrooms
1,301Sq Ft Living
1946Built · Traditional
The Story

There is a number that stops Eastside buyers in their tracks: $899,000.

In a part of Los Angeles where the typical home now lists well above a million dollars, 500 N Madison Avenue is a fully remodeled 3-bedroom, 2-bathroom home, offered under $1 million — with Silver Lake within walking distance and Los Feliz a short drive away.

Set just steps from a newly updated park, this home brings together comfort, convenience, and lasting style. And the honest answer to “what's the catch?” is that there isn't one hiding in the walls. This home was renovated from the inside out — new wiring, new plumbing, a new 200-amp panel, new HVAC, new windows — and it is ready to move into. No projects. No “bring your contractor.” Just a finished home, on a gated lot, across the street from a park, for $899,000.

Home at a Glance

500 N Madison Avenue

Los Angeles, CA 90004 · Single level · ~3,000 sq ft lot

Price$899,000
Per Sq Ft$691
Living Space1,301 sq ft
Lot~3,000 sq ft
Style1946 Traditional
Listed ByDrew Smyth, DRE #02027853
Aerial view of 500 N Madison Avenue showing the gated front yard and the park across the street
Aerial view — gated lot, park across the street
The Money — Why $899,000 Matters

Same Eastside life. A very different price.

Madison offers the reservoir walks, the cafés, and the short drive to Los Feliz — for roughly half the price of a typical Los Feliz home. Priced at $899,000, it also sits $85,500 below its Zestimate® of $984,500.

500 N Madison Ave$899,000
 
Zillow Zestimate®$984,500
 
East Hollywood median (Homes.com, Nov 2026)$1,237,000
 
Silver Lake — typical~$1,500,000
 
Los Feliz — typical~$1,850,000
 
Per square foot: $691/sq ft — a premium that reflects the full remodel rather than the land. None of this is a promise about where the home will sell, but it explains the attention since it went live on 29 October 2026.
Fully Remodeled

“Renovated from the inside out” — actually done.

“Remodeled” is one of the most overused words in Los Angeles listings. At Madison, it means the expensive, invisible work was actually finished — the four upgrades buyers usually pay for themselves after closing.

 
All-new wiring + 200-amp panel
Upgraded electrical throughout the home.
 
All-new plumbing
New plumbing throughout — not just fixtures.
 
New HVAC
Central A/C and forced-air heating.
 
New windows
Bright interiors with a city lights view.

Inside, the home keeps its 1946 Traditional character — a single-level layout, wood and tile floors, and a living-room fireplace — with a renovated kitchen fitted with a stove, oven, dishwasher, and range hood, and updated bathrooms. The first five years here are not a renovation schedule. They are just living in the house.

The Lot & The Street

Private, gated — with a park as your front neighbour.

The front yard is fully enclosed and gated, with automatic sprinklers and privacy hedges. The carport sits behind its own gate. Across the street is a small, recently updated park — somewhere to walk the dog, somewhere for kids to run, somewhere green to look at from the front windows.

Fully gated front yardAutomatic sprinklersPrivacy hedgesGated carportPark across the streetCity lights view
The Location

East Hollywood, with Silver Lake on foot.

That triangle — Silver Lake, Los Feliz, East Hollywood — is where much of the city's creative life now happens. Madison puts a buyer inside it without paying Silver Lake or Los Feliz prices.

Aerial view of the Silver Lake Reservoir and its walking loop

Silver Lake, on foot

The 2.3-mile Reservoir loop with Downtown skyline views, plus Sunset Junction's cafés and restaurants.

  • Intelligentsia, Alfred Coffee, Lamill
  • L&E Oyster Bar, Pine & Crane, Bacari
  • Courage Bagels, Mohawk General Store
  • Zebulon & Silverlake Lounge
Griffith Park & the Observatory

Los Feliz, a short drive

The calmer, village-feeling neighbour — Griffith Park on its doorstep.

  • Griffith Observatory & Greek Theatre
  • Little Dom's, Fred 62, Alcove Café
  • The Dresden Room
  • Ennis House & Lovell House nearby
Hollyhock House at Barnsdall Art Park at dusk, Frank Lloyd Wright's courtyard glowing

Barnsdall Art Park

In your own neighbourhood, at 4800 Hollywood Blvd — 11.5 acres on Olive Hill.

  • Hollyhock House by Frank Lloyd Wright
  • LA's first UNESCO World Heritage Site
  • Free, open daily — galleries & art classes
Who It's For · The Pros

Perfect for — and here's why it works.

First-time buyers priced out of Silver Lake & Los Feliz · Move-in-ready buyers who want no project · Downsizers who want single-level living · Eastside renters ready to own where they already live.

The Pros

  • Price: $899,000 — under $1M, below Zestimate & the area median
  • Full remodel: wiring, plumbing, 200-amp panel, HVAC, windows done
  • Location: Silver Lake on foot, Los Feliz a short drive
  • Outdoor setup: gated yard, sprinklers, hedges, gated carport
  • Park across the street + 1946 character & fireplace
Open House — This Weekend

Come walk it. Stand in the yard. See the park.

500 N Madison Avenue is open this weekend — Saturday and Sunday. If the home has been on your radar, this weekend is the time to see it in person.

SaturdayNov 7Open House
SundayNov 8Open House

500 N Madison Avenue, Los Angeles, CA 90004

Daytime front exterior of 500 N Madison Avenue with its gated front yard
Questions

Frequently Asked Questions

$899,000, for a 3-bedroom, 2-bathroom, 1,301-square-foot home on an approximately 3,000-square-foot lot — $691 per sq ft.

Yes. Renovated from the inside out, including all-new wiring and plumbing, an upgraded 200-amp electrical panel, a new HVAC system, and new windows, along with a renovated kitchen and updated bathrooms.

The kitchen includes a stove, oven, dishwasher, and range hood, and a dryer is included. Buyers should confirm the full inclusion list — including the refrigerator and washer — with the listing agent before writing an offer.

East Hollywood, Los Angeles, CA 90004. Silver Lake — including the reservoir loop and Sunset Junction — is within walking distance, Los Feliz and Griffith Park are a short drive, and Barnsdall Art Park, home to Frank Lloyd Wright's Hollyhock House, is in the neighbourhood. A small, recently updated park sits directly across the street.

Visit the open house this Saturday or Sunday — no appointment needed. For questions or the offer guidelines, contact Drew Smyth at (323) 762-5987 or Drew@smyth-properties.com.

Keep Exploring the Eastside

Neighbourhood guides from Smyth Properties — link each name to its live guide when you publish:

Living in Atwater VillageLiving in Highland ParkLiving in Eagle RockLiving in PasadenaLiving in GlendaleLiving in La Crescenta
Drew Smyth, Smyth Properties Group
Drew Smyth
Buyers are encouraged to independently verify all property details, measurements, schools, and other information. Pricing and availability are subject to change. Zestimate® is Zillow's estimate of the home's value; the East Hollywood median home price is per Homes.com, November 2026.

500 N Madison Avenue, Los Angeles, CA 90004 · Listed by Drew Smyth, Smyth Properties Group | Real Brokerage, CA DRE #02027853 · MLS #26992469

GET MORE INFORMATION

Drew Smyth
Drew Smyth

Team lead

+1(323) 762-5987 | drew@smyth-properties.com

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