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

$1,435,000
  • 4 Beds
  • 2 Baths
  • 2,058 Sq.Ft.
For Sale
$1,435,000 Get Pre-Qualified
Map preview of 951 N Martel Ave, Los Angeles, CA 90046

Property Overview: 951 N Martel Ave Los Angeles, CA has 4 bedrooms, 2 bathrooms, 2,058 living square feet and 4,696 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Desirable side-by-side Spanish duplex with one vacant unit now available in the Melrose neighborhood of LA on the border of West Hollywood. Great unit mix with both units boasting 2bd/1ba. Detached garage and private, hedged front yard and entry. Both units feature large living rooms with quintessential Spanish barrel ceilings, natural oak floors and beautiful fireplaces. Spacious eat-in kitchens along with comfortable bedrooms. Each unit features its own laundry with in-unit laundry in 951 and separate laundry in garage for 953. Recent upgrades to the property include electrical panels upgrades, newer water heaters and a newer roof on the main structure. Ideal location for owner occupant or tenant alike. Close to Melrose, Santa Monica Blvd and La Brea as well as quick access to West Hollywood, Beverly Hills and Hollywood.

Listed by Jonathan Butler | BRE #01883938 | Douglas Elliman
Last checked: 10 minutes ago | Last updated: April 24th, 2024 | Source CRMLS | DOM: 44
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Home details

Lot Sq. Ft
4,696
HOA Dues
$0/mo
Year built
1928
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24368595
City
Los Angeles
County
Los Angeles
Time on Site
43 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $3,295
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 23
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 951 N Martel Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included, In Garage
Room Information
  • Flooring: Laminate, Wood
Kitchen Information
  • Has Appliances
  • Dishwasher, Refrigerator
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Garage
Property Information
  • Total # of Units: 2
  • Parcel Number: 5531025021
  • Architectural Style: Spanish
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Corner of Martel and Romaine, south of Santa Monica Blvd, north of Melrose, West of La Brea.
View more facts & features

Local Los Angeles Agent

Sale History for 951 N Martel Ave

View property's historical transactions

  • March, 2024

  • Mar 13, 2024

    Date

    Active

    CRMLS: 24368595

    $1,435,000

    Price

Tax History for 951 N Martel Ave

Assessed Value (2020): $516,434
Year Land Value Improved Value Assessed Value
2020 $269,154 $247,280 $516,434

Home Value Compared to the Market

This property vs the competition

951 N Martel Ave is listed 14.89% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $772 and this home is listed at $697.28 per/sqft which puts the price per square foot 9.68% lower than the median price per square foot for the city of Los Angeles.

About 951 N Martel Ave

Detailed summary of property

951 N Martel Ave is a multi family located in Los Angeles, CA 90046 and is currently for sale. This multi family property offers 4 bedrooms, 2 bathrooms, roughly 2,058 living square feet, and sits on an approximately 4,696 square foot lot. 951 N Martel Ave was first listed on ArdentRealEstateGroup.com on March 14, 2024. The homeowner is currently asking $1,435,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $772. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 14.89% higher than the median priced home. Local competing homes currently for sale include 812 N Van Ness Ave, 1120 N Van Ness Ave and 716 N Van Ness Ave. While the average home in Los Angeles, CA is selling in 97 days, 951 N Martel Ave has a days on market of 44 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. For more information on this home for sale at 951 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 951 N Martel Ave

Public county record property details
Beds
4
Baths
2
Year built
1928
Sq. Ft.
2,058
Lot Size
4,695
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
122
APN
5531-025-021

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.
$918
Median Sold Price
$1,800,000
Median Sold Price/Sq.Ft.
$766
Total Inventory
206
Median Sale to List Price %
100.56%
Avg Days on Market
52
Loan Type
Conventional (9.09%), FHA (0%), VA (0%), Cash (4.55%), Other (9.09%)

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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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