531 N Martel Ave, Los Angeles, CA 90036
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531 N Martel Ave Los Angeles, CA 90036

$3,860,000 Sold Price as of 03/07/2022
  • 5 Beds
  • 6 Baths
  • 3,787 Sq.Ft.
Sold
$3,860,000 Sold Price as of 03/07/2022 Refinance Your Mortgage

Map preview of 531 N Martel Ave, Los Angeles, CA 90036

Property Overview: 531 N Martel Ave Los Angeles, CA has 5 bedrooms, 6 bathrooms, 3,787 living square feet and 7,000 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Located in the heart of the coveted Beverly Grove District, in between the Beverly Center and Miracle Mile, this modern masterpiece features an intricate blend of materials and architectural elements culminating as a stunning feat of home design. Inside, wood floors flow through the property leading to bright open-plan interiors that seamlessly blend indoor and outdoor living. Floor-to-ceiling windows and Fleetwood glass panels lead out to a resort-style backyard with a luxury pool and spa, built-in BBQ grill, and fire-pit all enveloped by lush hedges creating full privacy, perfect for entertaining. Natural light bathes the elegant chef's kitchen with Italian cabinetry, Dekton center island with double waterfall, and top-of-the-line Miele appliances. A custom 126-bottle wine cellar is adjacent to the expansive living room featuring a state-of-the-art high-gloss fireplace built into the entertainment center. The formal dining area is illuminated with an artful light fixture and recessed lighting for evening dining and also allows natural light through picture windows framing the foliage outside. Up the grand contemporary staircase leads to 4 ensuite bedrooms including the master suite that highlights the expansive rooftop deck that captures 360 views from Downtown L.A. to the Hollywood sign, a walk-in dressing room and a deep freestanding tub in the bathroom that includes a spacious wet room with double waterfall shower-heads. The attached garage features LED lighting, Control 4 automation, and a convenient Telsa charger. Minutes away from the city's finest restaurants, shopping, and nightlife, this immaculately done 2019 modern home is the ultimate Los Angeles retreat.

Listed by Matthew Chang | BRE #01963056 | Great Castle Properties
Last checked: 15 minutes ago | Last updated: March 10th, 2022 | Source CRMLS | DOM: 3

Home details

Lot Sq. Ft
7,000
HOA Dues
$0/mo
Year built
2019
Garage
--
Property Type:
Single Family Home
Status
Sold
MLS#
22121809
City
Los Angeles
County
Los Angeles
Time on Site
826 days

Property Details for 531 N Martel Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air, Dual
Heating Information
  • Has Heating
  • Central, Fireplace(s)
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included, Individual Room
Fireplace Information
  • Has Fireplace
  • Master Bedroom, Living Room, Fire Pit
Room Information
  • Eating Area: Breakfast Counter / Bar
  • Flooring: Wood, Tile, Stone
  • Wine Cellar, Master Bathroom
Kitchen Information
  • Has Appliances
  • Barbecue, Dishwasher, Microwave, Refrigerator, Water Purifier, Convection Oven, Oven
Bathroom Information
  • # of Baths (Full): 6
  • # of Baths (1/2): 0
  • # of Baths (1/4): 0
  • # of Baths (3/4): 0
Interior Features
  • High Ceilings, Intercom, Recessed Lighting
  • Levels: Two
  • Window Features: Custom Covering
  • Security Features: Automatic Gate
Exterior Features
Exterior Information
  • Has Fence
  • Wrought Iron
  • Has Spa
  • Spa Features: Heated, In Ground
  • Has Sprinklers
Exterior Features
  • Has Patio
  • Pool Features: Heated, In Ground
  • Covered
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Garage - Two Door, Paved
Property Information
  • Has View
  • View: City Lights
  • Parcel Number: 5526024005
  • Architectural Style: Contemporary
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: From Beverly Blvd turn north onto N Martel Ave.
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Sale History for 531 N Martel Ave

Last sold for $3,860,000 on March 7th, 2022
  • March, 2022

  • Mar 7, 2022

    Date

    Sold

    CRMLS: 22121809

    $3,860,000

    Price

  • Jan 25, 2022

    Date

    Active

    CRMLS: 22121809

    $3,899,000

    Price

  • July, 2019

  • Jul 15, 2019

    Date

    Sold

    CRMLS: SR19146807

    $3,400,000

    Price

  • Jul 8, 2019

    Date

    Pending

    CRMLS: SR19146807

    $3,495,900

    Price

  • Jun 24, 2019

    Date

    Active Under Contract

    CRMLS: SR19146807

    $3,495,900

    Price

  • Jun 21, 2019

    Date

    Active

    CRMLS: SR19146807

    $3,495,900

    Price

  • Listing provided courtesy of CRMLS

    Gorgeous contemporary masterpiece centered in one of LA’s hottest spots. Nestled in the Beverly Grove area, this newly constructed home offers a bright and open floor plan that seamlessly transitions indoor/outdoor entertainment areas. Featuring Maid’s quarters, European oak wood floors, Chef’s Italian kitchen with Miele appliances, custom wine display and Fleetwood walls of glass. Entertain your guests with an outdoor BBQ, firepit, pool and outdoor speakers. The floating staircase invites you upstairs to three en-suite bedrooms and private balconies with beautiful views. Enter the stunning master bedroom which displays a designer Italian closet, private terrace with views of the Hollywood sign, a master bathroom featuring a large soaking tub, dual showers and only the finest fixtures. This smart home is equipped with Control4 technology, whole house surround sound and security camera system.

  • July, 2019

  • Jul 15, 2019

    Date

    Sold (Public Records)

    Public Records

    $3,400,000

    Price

  • June, 2017

  • Jun 2, 2017

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 531 N Martel Ave

Assessed Value (2020): $3,400,000
Year Land Value Improved Value Assessed Value
2020 $2,000,000 $1,400,000 $3,400,000

Home Value Compared to the Market

This property vs the competition

531 N Martel Ave sold on March 7, 2022 for 227.65% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $1029.57 per/sqft which puts the price per square foot 36.37% higher than the current median sale per square foot for the city of Los Angeles.

About 531 N Martel Ave

Detailed summary of property

531 N Martel Ave is a single family home that recently sold in Los Angeles, CA 90036. This house offered 5 bedrooms, 6 bathrooms, roughly 3,787 living square feet, and sits on an approximately 7,000 square foot lot. 531 N Martel Ave was first listed on ArdentRealEstateGroup.com on January 26, 2022. The homeowner sold the property for $3,860,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 227.65% higher than the current median priced home. Local homes that are currently for sale include 316 N Edinburgh Ave, 316 N Edinburgh Ave and 133 N Edinburgh Ave. While the average home in Los Angeles, CA is selling in 96 days, 531 N Martel Ave has a days on market of 3 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 531 N Martel Ave Los Angeles, CA 90036 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 531 N Martel Ave

Public county record property details
Beds
5
Baths
6
Year built
2019
Sq. Ft.
3,787
Lot Size
7,000
Stories
--
Type
Residential (General) (Single)
Pool
Yes
Spa
No
County
Los Angeles
Lot#
415
APN
5526-024-005

The source for these homes facts are from public records.

90036 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,998,000
Median List Price/Sq.Ft.
$900
Median Sold Price
$1,685,000
Median Sold Price/Sq.Ft.
$739
Total Inventory
53
Median Sale to List Price %
102.81%
Avg Days on Market
22
Loan Type
Conventional (9.09%), FHA (0%), VA (0%), Cash (0%), Other (9.09%)

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Related Resources to 531 N Martel Ave

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.