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823 N Martel Ave

Los Angeles, CA 90046
  • $3,900,000
  • STATUS: Closed
  • ON SITE: 393 days
  • ID#: 20-598448
Sold - 01/05/2021
$3,900,000
SOLD - 01/05/2021
  • 15
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 10,430
    SQFT
  • $0
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2004
County:

School Ratings & Info

Description

Exclusively presenting, Martel Lofts, a rare opportunity to acquire an exquisitely constructed architectural 5-unit, income generating development in the highly coveted Melrose / Fairfax District, adjacent to notable restaurants, cafes, boutique designer shopping, and night life. The property was constructed in 2004, featuring 3 bed / 3.5 bath each, superb parking, contemporary design, high end finishes and loads of natural light via impressive large scale windows throughout. Additionally, one unit remains vacant, allowing the opportunity for owner use or growth potential for generating income. Co-listed with Chris Mara of Hilton & Hyland. Do not disturb tenants.

Sold by Dominic Waechter BRE#01883878 of Engel & Volkers Los Angeles.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-31T11:42:42.7. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.trulinerealty.com/homes/107467571
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823 N Martel Ave Los Angeles, CA 90046

  • Price: $3,995,000
  • Status: Closed
  • Updated: 24 min ago
  • ID#: 20-598448
15
Beds
0
Baths
0
½ Baths
0.16
Acres
10,430
SQFT
$0
$/SQFT
2004
Built
Neighborhood:
West Hollywood Vicinity
County:
Los Angeles
Area:
West Hollywood Vicinity
Property Description
Exclusively presenting, Martel Lofts, a rare opportunity to acquire an exquisitely constructed architectural 5-unit, income generating development in the highly coveted Melrose / Fairfax District, adjacent to notable restaurants, cafes, boutique designer shopping, and night life. The property was constructed in 2004, featuring 3 bed / 3.5 bath each, superb parking, contemporary design, high end finishes and loads of natural light via impressive large scale windows throughout. Additionally, one unit remains vacant, allowing the opportunity for owner use or growth potential for generating income. Co-listed with Chris Mara of Hilton & Hyland. Do not disturb tenants.
Exterior Features

Direction Faces East Levels Three Or More Lot Size Area 7013 Other Structures None Parking Garage Garage - 4+ CarAssignedControlled EntranceCovered ParkingGated UndergroundSubterr TandemSubterraneanTandemDirect Entrance Style Contemporary Total Parking 12 View Description Walk StreetTree TopMountainsPeek-A-BooHillsCity View YN Yes Water Frontage None

Interior Features

Baths Total 18.00 Common Walls Attached Cooling Central Equipment Built-InsGarbage DisposalGas Dryer HookupDishwasherRange/OvenVented Exhaust Fan Fireplace Rooms Master BedroomLiving Room Flooring HardwoodStone TileTileMixedOther Heating Central Windows Double Pane WindowsSkylightsTinted Windows

Property Features

Assessed Total Value 1806217 Gross Income 296400 Gross Operating Income 286800 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Net Operating Income 172195.31 Number Of Buildings 1 Number Of Units 5 Property Condition Updated/RemodeledRepair Cosmetic Rent Control YN No Sale Type Standard Security Features Carbon Monoxide Detector(S)Smoke DetectorFire And Smoke Detection SystemExterior Security LightsFire Sprinklers Sewer In StreetUnknown Source Living Area Vendor Enhanced Source Lot Size Area Assessor Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 106000.7 Type Of Units Apartments Water District Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Steven Medina DRE#01883878 of Hilton & Hyland.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-31T11:42:42.7. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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TruLine Realty
2999 Overland Ave., Suite 116
Los Angeles CA, 90064