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

$2,775,000 Sold Price as of 04/21/2021
  • 20 Beds
  • 20 Baths
  • 2,256 Sq.Ft.
Sold
$2,775,000 Sold Price as of 04/21/2021 Refinance Your Mortgage

Map preview of 833 N Martel Ave, Los Angeles, CA 90046

Property Overview: 833 N Martel Ave Los Angeles, CA has 20 bedrooms, 20 bathrooms, 2,256 living square feet and 7,014 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Builder/Developer/Contractor Opportunity - 100% RTI. Proposed 8 unit luxury condominium (tract-mapped), or keep and hold as rentals, or sell the whole building to an investor. Unique high-end design; all units are 2 floors, Living down, bedrooms up. 4 ground floor units all have private outdoor space, 4 penthouses have epic views, terraces, and large private roofdecks. Elevator building with subterranean parking. Four 2 Bedroom, 2.5 Bath units, and Four 3 Bedroom, 3.5 Bath units. Floorplans range in size from 1,500 SF to 2,400SF. Please inquire for more information. Listing Agents hold an ownership stake in the property.

Listed by David Lubell | BRE #01928231 | Keller Williams Larchmont
Co-listed by Craig Spano | BRE #01971165 | Keller Williams Larchmont
Last checked: 2 minutes ago | Last updated: March 18th, 2023 | Source CRMLS | DOM: 285

Home details

Lot Sq. Ft
7,014
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
20602460
City
Los Angeles
County
Los Angeles
Time on Site
1207 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 3
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Total Rent: $0
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --

Virtual Tour

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Property Details for 833 N Martel Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Lot Details / Garage and Parking
Property Information
  • Total # of Units: 8
  • Parcel Number: 5526005029
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Between Waring and Willoughby, 2nd block north of Melrose.
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Sale History for 833 N Martel Ave

Last sold for $2,775,000 on April 21st, 2021
  • April, 2021

  • Apr 21, 2021

    Date

    Sold

    CRMLS: 20602460

    $2,775,000

    Price

  • Aug 24, 2020

    Date

    Active Under Contract

    CRMLS: 20602460

    $2,849,000

    Price

  • Aug 12, 2020

    Date

    Price Change

    CRMLS: 20602460

    $2,849,000

    Price

  • Jul 10, 2020

    Date

    Active

    CRMLS: 20602460

    $2,995,000

    Price

  • January, 2019

  • Jan 29, 2019

    Date

    Expired

    CRMLS: 18411644

    $2,600

    Price

  • Dec 7, 2018

    Date

    Withdrawn

    CRMLS: 18411644

    $2,600

    Price

  • Nov 29, 2018

    Date

    Active

    CRMLS: 18411644

    $2,600

    Price

  • Listing provided courtesy of CRMLS

    Recently painted large flexible-term rental in great location.

  • January, 2019

  • Jan 4, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • September, 2018

  • Sep 24, 2018

    Date

    Sold (Public Records)

    Public Records

    $1,960,000

    Price

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Tax History for 833 N Martel Ave

Assessed Value (2020): $1,999,200
Year Land Value Improved Value Assessed Value
2020 $1,499,400 $499,800 $1,999,200

Home Value Compared to the Market

This property vs the competition

833 N Martel Ave sold on April 21, 2021 for 139.41% 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 $1262.85 per/sqft which puts the price per square foot 67.27% higher than the current median sale per square foot for the city of Los Angeles.

About 833 N Martel Ave

Detailed summary of property

833 N Martel Ave is a multi family that recently sold in Los Angeles, CA 90046. This multi family property offered 20 bedrooms, 20 bathrooms, roughly 2,256 living square feet, and sits on an approximately 7,014 square foot lot. 833 N Martel Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $2,775,000. 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 139.41% higher than the current median priced home. Local homes that are currently for sale include 440 N Harper Ave, 8417 Waring Ave and 1974 Hillcrest Rd. While the average home in Los Angeles, CA is selling in 96 days, 833 N Martel Ave has a days on market of 285 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 833 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 833 N Martel Ave

Public county record property details
Beds
4
Baths
2
Year built
1923
Sq. Ft.
2,256
Lot Size
7,014
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
106
APN
5526-005-029

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%)

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Related Resources to 833 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.