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812 N Martel Ave, Los Angeles, CA 90046
$3,300,000
812 N Martel Ave, Los Angeles, CA 90046View this property at 812 N Martel Ave, Los Angeles, CA 90046
812 N Martel AveLos AngelesCA90046
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Property Description
We are pleased to present a ten (10) unit apartment building located at 812 North Martel Avenue in Los Angeles, California. The subject property is located in a prime Melrose location, north of Melrose Avenue and west of North La Brea Avenue. Built in 1964, Martel features a great unit mix of six (6) one-bedroom / one-bathroom units and four (4) two-bedroom / two-bathroom units. The units are large, averaging about 900 square feet each. Select units feature balconies, with views of the city. The building's envelope is a stone-deco architecture that is complimented by thoughtful landscaping and secured walkway entry to the units, and the parking. The building is fully parked with tuck-under parking that has been reinforced for seismic retrofitting in 2018. Some of the most notable places that tenants will enjoy close to the building are Pink's, Osteria Mozza, Blu Jam Caf, Ronan, Blue Bottle Coffee, among others. Situated in a prime pocket of Melrose, this offering presents an excellent opportunity for an astute investor to capitalize on strong rental upside, at very favorable entry pricing, in a mature and low-velocity market.
Full Property Details
Full Property Details for 812 N Martel Ave
General
- Sold For: $3,300,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 23-315163
- Added to Site: 218 day(s) ago
Interior
- Cooking Appliances: Built-Ins
- Flooring: Wood
Rooms
Bathrooms
- Total Bathrooms: 14
Bedrooms
- Total Bedrooms: 14
Additional Information
- Pool Description: None
- Spa Description: None
- Security/Safety: Gated, Card/Code Access, Automatic Gate
- Other Features: None
Parking
- Covered Spaces: 10
- Garage Description: Covered Parking
Location
- Area: West Hollywood Vicinity
- County: Los Angeles
- Driving Directions: The subject property is located in a prime Melrose location, north of Melrose Avenue and west of North La Brea Avenue.
Heating & Cooling
- Cooling Type: Air Conditioning
- Heating Type: Wall
Structural Information
- # Buildings: 1
- Common Walls: Attached
- Stories/Levels: 2
- Square Feet: 8,954
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1964
- Year Built Source: Vendor Enhanced
- Other Struct. Feat.: Balcony
Unit Information
- Units in Complex: 10
- Unit Type: 2106, 2107
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Total Bathrooms: 2
- Bedrooms: 2
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.1886
- Lot Size: 8217
- Lot Size Source: Vendor Enhanced
- Lot Features: City
- Zoning: LAR3
- Lot Description: Landscaped, Single Lot
Financial Considerations
- Price Per Sq. Ft.: $388.09
- Assessment Year: 1964
Disclosures and Reports
- Disclosures/Reports: As Is
- APN: 5526-006-026
Listed and Sold by Marcus & Millichap, Jason Tuvia
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Schools
Schools serving 812 N Martel Ave
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
925 N Hayworth Ave, Los Angeles, CA 90046 | K-8 | 0.7 mi | |
7850 Melrose Ave, Los Angeles, CA 90046 | 9-12 | 0.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 812 N Martel Ave
Date
Details
Price
Change
Source
2/05/2024
Sold
$3,300,000
-5.04%
MLS
9/26/2023
Listed
$3,475,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
812 N Martel Ave, Los Angeles, CA 90046 (MLS# 23-315163) is a Multi-Family property that was sold at $3,300,000 on February 05, 2024. Want to learn more about 812 N Martel Ave? Do you have questions about finding other Multi-Family real estate for sale in Los Angeles? You can browse all Los Angeles real estate or contact a Coldwell Banker agent to request more information.