1033 North Martel Avenue

West Hollywood, CA 90046

$2,100,000
Price
4
Beds
4
Baths
2,784 Sq. Ft.
$754 / Sq. Ft.
2,784
Sq. Ft.
$754
per Sq. Ft.

Description

Charming 4-Unit Apartment Building in West Hollywood. Three Units are 1-Bedroom/1-Bath and One Unit is 1-Bedroom/1/Bath + DEN (designed as owner's unit but is currently rented). The entire building was fully remodeled about 15 years ago and is very well maintained. The interiors are freshly painted, solid real maple wood floors, Milgard double pane vinyl windows is all units, blinds installed on every window. Each unit has a large living room, dining room and an ample kitchen featuring maple cabinets...Charming 4-Unit Apartment Building in West Hollywood. Three Units are 1-Bedroom/1-Bath and One Unit is 1-Bedroom/1/Bath + DEN (designed as owner's unit but is currently rented). The entire building was fully remodeled about 15 years ago and is very well maintained. The interiors are freshly painted, solid real maple wood floors, Milgard double pane vinyl windows is all units, blinds installed on every window. Each unit has a large living room, dining room and an ample kitchen featuring maple cabinets with granite countertops, stainless stove/oven, dishwasher & refrigerator. A tankless gas water heaters for each unit and each unit has central AC/Heat. All bathrooms feature larger shower stalls. All bedrooms have sliding glass doors to private decks. Each unit has a walk-in closet in the bedroom with stacked washer/dryer inside closet. Two 2-blocks from new Trader Joe's, WFB, several restaurants, a few blocks from newer Sprouts grocery, parks nearby. Great location, friendly building. Currently two units occupied and 2 units vacant. Units kept vacant for the sale. Building has been 100% occupied for 15 years. Lot is prime for adding ADU and potential remodeling of the covered parking. Perfect for owner user or investor.
  1. Listed by Brian Strahl • DRE #01361078 • Brokerage DRE #01464847 • Coldwell Banker Realty
  2. Listed by Michele Hall • DRE #00517739 • Brokerage DRE #01464847 • Coldwell Banker Realty

Property Details for 1033 North Martel Avenue

Zoning
WDR3C*
Style
Spanish
Parcel Number
5531022021
Total Units
4.0
Living Area
2784
Source Living Area
Vendor Enhanced
Area
West Hollywood Vicinity (C10)
Vacancy Rate
50%

Location

Listing Courtesy of Coldwell Banker Realty, Brian Strahl, DRE #01361078; Coldwell Banker Realty, Michele Hall, DRE #00517739
Add your commute
LISTING UPDATED: 06/03/2024 01:46 PM

Property Details for 1033 North Martel Avenue

StatusActive
MLS #24-395763
Days on Market25
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1924
Lot Size0.16 AC / 6,994 SF
CountyLos Angeles County

Location

Listing Courtesy of Coldwell Banker Realty, Brian Strahl, DRE #01361078; Coldwell Banker Realty, Michele Hall, DRE #00517739
Add your commute

Building Information for 1033 North Martel Avenue

Stories-Residences-Year Built1924Building Size-Lot Size0.16 AC / 6,994 SF

Payment Calculator

$11,984 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,461

Property Taxes

$523

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1033 North Martel Avenue

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 4
  • Amenities: None
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: Apartment
  • View: No
  • View Description: None
  • View: None
  • Entry Floor Number: 1
  • Direction Faces: East
  • Water: District
  • Water Heaters: Yes
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash, Cash To New Loan
  • Disclosures: Audio/Video Surveillance, Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $137,760
  • Net Operating Income: $137,760.00
  • Gross Income: $137,760
  • Gross Rent Multiplier: $15.24
  • Actual Annual Gross Rent: $137,760.00
  • Actual Gross Annual Income: $137,750
  • Actual Rent Total: $137,760.00
  • Owner Pays: Gardener, Water
  • Total Annual Expense: 27552
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1606
  • Lot Size Square Feet: 6994
Parking Details
Parking Details
  • Parking Garage: Shared Driveway, Garage Is Detached, Garage - 4+ Car
  • Total Parking: 0
  • Covered Parking: 0
  • Open Other Spaces Total: 4
  • Garage Spaces Total: 5
  • Parking Features: Shared Driveway
  • Attached Garage: No
  • Garage Structures Total: 1.0
Interior Features
Interior Features
  • Room Type: Great Room
  • Rooms: Great Room
  • Levels: One
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: Central Air
  • Cooling Type: Air Conditioning, Central
  • Heating: Central, Forced Air
  • Heating Type: Central, Forced Air
  • Flooring: Wood
  • Equipment: Water Line to Refrigerator, Washer, Vented Exhaust Fan, Refrigerator, Range/Oven, Garbage Disposal, Microwave, Dryer, Dishwasher, Built-Ins
  • Interior Features: Recessed Lighting, High Ceilings (9 Feet+), Laundry - Closet Stacked, Open Floor Plan, Built-Ins
  • Room Kitchen Features: Stone Counters, Remodeled Kitchen
  • Kitchen Features: Stone Counters, Remodeled
  • Room Bathroom Features: Shower, Remodeled, Low Flow Toilet(s), Low Flow Shower
  • Bathroom Features: Shower Stall, Remodeled, Low Flow Toilet(s), Low Flow Shower(s)
  • Bedroom Features: Master Bedroom, WalkInCloset
  • Cooking Appliances: Microwave, Range Hood, Free Standing Gas
  • Laundry: Laundry Closet Stacked, In Closet
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Patio Features: Deck(s)
  • Entry Location: Top Level
  • Windows: Window Blinds, Screens, Double Pane Windows
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-23-2024
  • Listing Terms: Cash, Cash To New Loan
  • Tenant Pays: Insurance, Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,995.00
  • Unit Actual Rent: $2,995.00
  • Unit Projected Rent: $2,995.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,795.00
  • Unit Actual Rent: $2,795.00
  • Unit Projected Rent: $2,795.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $2,795.00
  • Unit Projected Rent: $2,795.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $2,895.00
  • Unit Projected Rent: $2,895.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
  • Number of Carpet: 0
  • Number of Dishwasher: 4
  • Number of Disposal: 4
  • Number of Drapes: 4
  • Number of Electric Meters: 4
  • Number of Gas Meters: 4
  • Number Leased: 2
  • Number Patio: 4
  • Number Range: 4
  • Number Refrigerator: 4
  • Number Rented Garages: 0
  • Number Wall AC: 0
  • Number Water Meters: 0
Tax and Assessed Info
Tax and Assessed Info
  • Tax New: $26,250
  • Tax Percent: 1.25%
  • Assessed Improvement Value: $138,118.00
  • Assessed Improvement Percent: 41.86
  • Assessed Land Value: $191,835.00
  • Assessed Land Percent: 58.14
  • Assessed Total Value: $329,953.00
  • Private Transfer Taxes: No

Property History for 1033 North Martel Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1033 North Martel Avenue

Taxable ValueLand$191,835Additions$138,118Total$329,953
Tax Record2023$6,279 ($523 / month)
Home Facts
Total Finished SqFt2,784 SqFtAbove Grade Finished SqFt2,784 SqFtLot Size6,992 SqFtStyleQuadraplexYear Built1924ZoningWDR3C*CountyLOS ANGELESAPN5531-022-021

Schools near 1033 North Martel Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - K to 5
Public - 7 to 12
Rating
School
Distance
Laurel Elementary School
PublicK to 8

Fairfax Senior High School
Public9 to 12

Melrose Elementary School
PublicK to 5

West Hollywood Opportunity School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1033 North Martel Avenue is a multi-family home for sale in West Hollywood, CA 90046. This property was listed for sale on May 23, 2024 by Coldwell Banker Realty, it's currently listed at $2,100,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Laurel Elementary School, Fairfax Senior High School and Melrose Elementary School. 1033 North Martel Avenue is a 4-bed, 4-bath, 2,784 sqft multi-family home built in 1924.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty, Brian Strahl, DRE #01361078; Coldwell Banker Realty, Michele Hall, DRE #00517739

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.