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$2,100,000   Price Analysis
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1033 N Martel Ave
West Hollywood, CA 90046
4 bed 4 bath 2,784 SqFt ($754/SqFt)
6,994SqFt lot. Built 1924
Listed 2024-05-23, Taxes $5,859
Ⓧ USDA Ineligible
due to price & location

near West Hollywood

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 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 and 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 wsher/dryer inside closet. Two 2-blocks from new Trader Joe's, WFB, several restaur ants, 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.


Presented by Brian Strahl at
Coldwell Banker Realty.
Listing Agent Photo

Property MLS #24-395763 from TheMLSCLAW

Bedrooms: 4
Bedroom 1 Features: Master Bedroom, WalkInCloset

Total Bathrooms: 4
Full Bathrooms: 4
Bathroom 1 Features: Shower Stall, Remodeled, Low Flow Toilet(s), Low Flow Shower(s)

Recessed Lighting
High Ceilings (9 Feet+)
Laundry - Closet Stacked
Open Floor Plan
Built-Ins
Flooring: Wood
Window Features: Window Blinds, Screens, Double Pane Windows

Microwave
Range Hood
Free Standing Gas
Laundry Facilities: Laundry Closet Stacked, In Closet
Laundry Features: Laundry Closet Stacked, In Closet

Great Room

Stone Counters
Remodeled
Kitchen Features: Stone Counters, Remodeled

Cooling Features: Air Conditioning, Central
Heating Features: Central, Forced Air

Water Features: District

Patio And Porch Features: Deck(s)
Patio Features: Deck(s)

Lot Size Acres: 0.1605601
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6994

Garage Spaces: 5
Garage Description: Shared Driveway, Garage Is Detached, Garage - 4+ Car

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 2
Number of Units: 4
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 2995, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 2795, 3 BedsTotal: 1, 3 BathsTotal: 1, 3 SquareFeet: 2795, 4 BedsTotal: 1, 4 BathsTotal: 1, 4 SquareFeet: 2895

Gross Income: 137750
Number of Units Leased: 2
Tenant Pays: Insurance, Electric, Gas

Source Listing Status: Active
County: Los Angeles
Directions: One Block South of Santa Monica Blvd.
Source Property Type: Residential Income
Area: West Hollywood Vicinity
Source Neighborhood: West Hollywood Vicinity
Number of Separate Electric Meters: 4
Number of Separate Gas Meters: 4
Owner Pays: Gardener, Water
Parcel Number: 5531-022-021
Postal Code Plus 4: 6611
Zoning: WDR3C
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$135,410 + $188,074
$323,484
$5,859
2021$132,755 + $184,387
$317,142
$5,775
2020$131,394 + $182,497
$313,891
$5,792
2019$128,818 + $178,919
$307,737
$5,561
2018$126,293 + $175,411
$301,704
$5,377
2017$123,817 + $171,972
$295,789
$5,279
2016$121,390 + $168,600
$289,990
$5,149
2015$119,567 + $166,068
$285,635
$5,089
2014$117,225 + $162,815
$280,040
$5,101
2013$116,696 + $162,080
$278,776
$5,074
2012$114,408 + $158,902
$273,310
$5,082
2010$112,165 + $155,787
$267,952
$4,928
2009$111,592 + $154,991
$266,583
$4,753
2009$111,327 + $154,623
$265,950
$4,753
2008$109,404 + $151,952
$261,356
$4,602
2007$107,259 + $148,973
$256,232
$4,455

Listed 2024-05-23
$2,100,000
TheMLSCLAW
Listing removed 2024-04-03
$2,795
TheMLSCLAW
Listed for rent 2024-03-29
$2,795
TheMLSCLAW
Listing removed 2024-02-29
$0
TheMLSCLAW
Listed for rent 2024-01-07
$2,795
TheMLSCLAW
Listing removed 2021-01-19
$2,495
TheMLSCLAW
Sold 1997-08-29
$215,000
Public Record

Net Operating Income: 137760

Total Square Feet Living: 2784
Year Built: 1924
Direction Faces: East
Entry Location: Top Level
Levels: One Level
Living Area Source: Vendor Enhanced
Property Age: 100
House Style: Spanish
Year Built Source: Vendor Enhanced
Architectural Style: Spanish

Other Equipment: Water Line to Refrigerator, Washer, Vented Exhaust Fan, Refrigerator, Range/Oven, Garbage Disposal, Microwave, Dryer, Dishwasher, Built-Ins

Fairfax Senior High School is a public high school located approximately 0.7 miles away.
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Laurel Elementary School is a public elementary and middle school located approximately 0.7 miles away.
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Yeshiva Ohr Elchonon Chabad is a private high school located approximately 0.4 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.