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823 N Martel Ave, Los Angeles, CA 90046
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823 N Martel Ave Los Angeles, CA 90046

$3,900,000 Sold Price as of 01/05/2021
  • 15 Beds
  • 15 Baths
  • 10,430 Sq.Ft.
Sold
$3,900,000 Sold Price as of 01/05/2021 Refinance Your Mortgage
Map preview of 823 N Martel Ave, Los Angeles, CA 90046

Property Overview: 823 N Martel Ave Los Angeles, CA has 15 bedrooms, 15 bathrooms, 10,430 living square feet and 7,013 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Steven Medina | BRE #01883878 | Hilton & Hyland
Co-listed by Christopher Mara | BRE #00886282 | Hilton & Hyland
Last checked: 4 minutes ago | Last updated: December 6th, 2023 | Source CRMLS | DOM: 153

Home details

Lot Sq. Ft
7,013
HOA Dues
$0/mo
Year built
2004
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
20598448
City
Los Angeles
County
Los Angeles
Time on Site
1207 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $3,500
  • Total Rent: $3,500
  • Pro Forma/Market Rent: $4,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $3,600
  • Total Rent: $3,600
  • Pro Forma/Market Rent: $4,800
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $4,200
  • Total Rent: $4,200
  • Pro Forma/Market Rent: $4,800
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $5,000
  • Total Rent: $5,000
  • Pro Forma/Market Rent: $5,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 13.93
  • Gross Scheduled Income: --
  • Net Operating Income: $172,195
  • Gross Operating Income: $286,800
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 823 N Martel Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Fireplace Information
  • Has Fireplace
  • Master Bedroom, Living Room
Room Information
  • Flooring: Wood, Tile
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Vented Exhaust Fan
Interior Features
  • Levels: Three Or More
  • Window Features: Double Pane Windows, Skylight(s), Tinted Windows
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s), Fire and Smoke Detection System, Fire Sprinkler System
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Assigned, Controlled Entrance, Covered, Subterranean, Tandem Garage, Direct Garage Access
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: Mountain(s), Peek-A-Boo, Hills, City Lights
  • Total # of Units: 5
  • Parcel Number: 5526005005
  • Architectural Style: Contemporary
  • Property Condition: Updated/Remodeled, Repairs Cosmetic
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Unknown
Location / Neighborhood
Location Information
  • Directions: North of Melrose Ave., West of La Brea Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 823 N Martel Ave

Last leased for $4,495 on November 28th, 2023

  • November, 2023

  • Nov 28, 2023

    Date

    Leased

    CRMLS: 23307213

    $4,495

    Price

  • Sep 1, 2023

    Date

    Active

    CRMLS: 23307213

    $5,350

    Price

  • Listing provided courtesy of CRMLS

    Step into this beautiful, modern home in the heart Los Angeles with access to all of the incredible offerings of West Hollywood. Just a stones throw away from shops and restaurants on Melrose, this 3-story unit provides a townhome vibe with 2 secured underground parking spots. Large and open master bedroom on the third floor for full privacy, and open kitchen and living area on the first floor, perfect for entertaining.

  • January, 2023

  • Jan 23, 2023

    Date

    Leased

    CRMLS: 22226609

    $4,700

    Price

  • Dec 21, 2022

    Date

    Active

    CRMLS: 22226609

    $4,700

    Price

  • Listing provided courtesy of CRMLS

    Step into this beautiful, modern home in the heart Los Angeles with access to all of the incredible offerings of West Hollywood. Just a stones throw away from shops and restaurants on Melrose, this 3-story unit provides a townhome vibe with 2 secured underground parking spots. Large and open master bedroom on the third floor for full privacy, and open kitchen and living area on the first floor, perfect for family time and entertaining.

  • July, 2022

  • Jul 19, 2022

    Date

    Leased

    CRMLS: 22172145

    $5,200

    Price

  • Jun 24, 2022

    Date

    Active

    CRMLS: 22172145

    $5,200

    Price

  • Listing provided courtesy of CRMLS

    Step into this beautiful, modern home in the heart Los Angeles with access to all of the incredible offerings of West Hollywood. Just a stone's throw away from shops and restaurants on Melrose, this 3-story unit provides a townhome vibe with 2 secured underground parking spots. Large and open master bedroom on the third floor for full privacy. Open kitchen and living area on the first floor with large private patio perfect for family time and entertaining.

  • July, 2022

  • Jul 1, 2022

    Date

    Leased

    CRMLS: 22167587

    $4,600

    Price

  • Jun 13, 2022

    Date

    Active

    CRMLS: 22167587

    $4,500

    Price

  • Listing provided courtesy of CRMLS

    Step into this beautiful, modern home in the heart Los Angeles with access to all of the incredible offerings of West Hollywood. Just a stones throw away from shops and restaurants on Melrose, this 3-story unit provides a townhome vibe with 2 secured underground parking spots. Large and open master bedroom on the third floor for full privacy, and open kitchen and living area on the first floor, perfect for family time and entertaining.

  • November, 2021

  • Nov 22, 2021

    Date

    Leased

    CRMLS: 21101922

    $4,250

    Price

  • Nov 2, 2021

    Date

    Active

    CRMLS: 21101922

    $4,300

    Price

  • Listing provided courtesy of CRMLS

    Step into this beautiful, modern home in the heart Los Angeles with access to all of the incredible offerings of West Hollywood. Just a stones throw away from shops and restaurants on Melrose, this 3-story unit provides a townhome vibe with 2 secured underground parking spots. Large and open master bedroom on the third floor for full privacy, and open kitchen and living area on the first floor, perfect for family time and entertaining. Unit will be available starting 12/1/2021

  • May, 2021

  • May 15, 2021

    Date

    Leased

    CRMLS: 21690408

    $4,167

    Price

  • Feb 7, 2021

    Date

    Active

    CRMLS: 21690408

    $4,475

    Price

  • Listing provided courtesy of CRMLS

    Step into this beautiful, modern home in the heart Los Angeles with access to all of the incredible offerings of West Hollywood. Just a stones throw away from shops and restaurants on Melrose, this 3-story unit provides a townhome vibe with 2 secured underground parking spots. Large and open master bedroom on the third floor for full privacy, and open kitchen and living area on the first floor, perfect for family time and entertaining.

  • January, 2021

  • Jan 7, 2021

    Date

    Canceled

    CRMLS: 20655450

    $4,450

    Price

  • Nov 4, 2020

    Date

    Active

    CRMLS: 20655450

    $4,450

    Price

  • Listing provided courtesy of CRMLS

    Unit occupied until 11/30/2020. Do no disturb tenants. Showing available by 12/15/2020.

  • January, 2021

  • Jan 6, 2021

    Date

    Sold

    CRMLS: 20598448

    $3,900,000

    Price

  • Dec 2, 2020

    Date

    Pending

    CRMLS: 20598448

    $3,995,000

    Price

  • Oct 6, 2020

    Date

    Price Change

    CRMLS: 20598448

    $3,995,000

    Price

  • Aug 7, 2020

    Date

    Price Change

    CRMLS: 20598448

    $4,550,000

    Price

  • Jul 2, 2020

    Date

    Active

    CRMLS: 20598448

    $4,850,000

    Price

  • January, 2021

  • Jan 5, 2021

    Date

    Sold (Public Records)

    Public Records

    $3,900,000

    Price

  • November, 2020

  • Nov 4, 2020

    Date

    Leased

    CRMLS: 20652214

    $4,200

    Price

  • Oct 27, 2020

    Date

    Active

    CRMLS: 20652214

    $4,200

    Price

  • Listing provided courtesy of CRMLS

    Available now

  • June, 2020

  • Jun 29, 2020

    Date

    Canceled

    CRMLS: 19506934

    $4,600

    Price

  • Dec 30, 2019

    Date

    Active

    CRMLS: 19506934

    $4,600

    Price

  • Dec 27, 2019

    Date

    Withdrawn

    CRMLS: 19506934

    $4,600

    Price

  • Sep 13, 2019

    Date

    Price Change

    CRMLS: 19506934

    $4,600

    Price

  • Sep 4, 2019

    Date

    Active

    CRMLS: 19506934

    $3,850

    Price

  • Listing provided courtesy of CRMLS

    Occupied until 9/15/2019. Able to schedule showings after 9/15/2019.

  • September, 2019

  • Sep 4, 2019

    Date

    Leased

    CRMLS: 19457588

    $4,850

    Price

  • May 13, 2019

    Date

    Active

    CRMLS: 19457588

    $4,850

    Price

  • Listing provided courtesy of CRMLS

  • September, 2018

  • Sep 12, 2018

    Date

    Leased

    CRMLS: 18329296

    $4,600

    Price

  • Apr 3, 2018

    Date

    Active

    CRMLS: 18329296

    $4,700

    Price

  • Listing provided courtesy of CRMLS

  • May, 2018

  • May 3, 2018

    Date

    Leased

    CRMLS: 18320710

    $4,200

    Price

  • Mar 7, 2018

    Date

    Active

    CRMLS: 18320710

    $4,500

    Price

  • Listing provided courtesy of CRMLS

  • March, 2018

  • Mar 23, 2018

    Date

    Leased

    CRMLS: 18320694

    $4,800

    Price

  • Mar 7, 2018

    Date

    Active

    CRMLS: 18320694

    $4,800

    Price

  • Listing provided courtesy of CRMLS

  • January, 2002

  • Jan 16, 2002

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 823 N Martel Ave

Assessed Value (2020): $1,916,769
Year Land Value Improved Value Assessed Value
2020 $535,018 $1,381,751 $1,916,769

Home Value Compared to the Market

This property vs the competition

823 N Martel Ave sold on January 5, 2021 for 235.71% 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 $383.03 per/sqft which puts the price per square foot 49.27% lower than the current median sale per square foot for the city of Los Angeles.

About 823 N Martel Ave

Detailed summary of property

823 N Martel Ave is a multi family that recently sold in Los Angeles, CA 90046. This multi family property offered 15 bedrooms, 15 bathrooms, roughly 10,430 living square feet, and sits on an approximately 7,013 square foot lot. 823 N Martel Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $3,900,000. 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 235.71% higher than the current median priced home. Local homes that are currently for sale include 1414 S Orange Dr, 4835 Elmwood Ave and 730 Crenshaw Blvd. While the average home in Los Angeles, CA is selling in 96 days, 823 N Martel Ave has a days on market of 153 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 823 N Martel Ave Los Angeles, CA 90046 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 823 N Martel Ave

Public county record property details
Beds
15
Baths
15
Year built
2004
Sq. Ft.
10,430
Lot Size
7,012
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
104
APN
5526-005-005

The source for these homes facts are from public records.

90046 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,995,000
Median List Price/Sq.Ft.
$943
Median Sold Price
$2,000,000
Median Sold Price/Sq.Ft.
$856
Total Inventory
209
Median Sale to List Price %
117.72%
Avg Days on Market
34
Loan Type
Conventional (2.7%), FHA (0%), VA (0%), Cash (13.51%), Other (2.7%)

Thinking of Selling?

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(714) 706-1823

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Recently Sold Homes Near 823 N Martel Ave

812 N Martel Ave, Los Angeles, CA 90046
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833 N Martel Ave, Los Angeles, CA 90046
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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.

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