1643 N Martel Avenue

    Los Angeles (City), CA 90046
    • $4,825,000
    • STATUS: Active
    • ON SITE: 141 days
    • ID#: 19491598
    UPDATED: 83 min ago
    $4,825,000
    • 14
      BEDS
    • 0.16
      ACRES
    • 11
      BATHS
    • 0
      1/2 BATHS
    • 7,383
      SQFT
    • $654
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1986
    County:

    School Ratings & Info

    Description

    Incredible opportunity to purchase a very well maintained and upgraded non-rent controlled apartment building in the central and prime Western Hollywood neighborhood. 10 units plus one non confirming studio. The property is within walking distance to all shops and restaurants on Hollywood Boulevard, Sunset Boulevard, Fairfax Boulevard and La Brea Avenue. The popular Hollywood hiking trail of Runyon Canyon sits at the top of the street as well. This building requires no seimic retrofit upgrades and houses a large parking garage and an on-site laundry facility. 9 of the units have been extensively upgradedwith new kitchen and bath cabinets, modern tiles, counters, and flooring. The facade of the property has been designer-finished with gorgeous railings, contemporary wood siding, and clean drought-tolerant landscaping.This is a property that should not be missed **10 plus 1 non conforming Studio**

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    Based on information from CARETS as of 2019-12-11T18:42:07.123. The information being provided by CARETS 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 CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. 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. 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.

    Licensed in the State of California, USA.
    www.lydiagable.com/homes/97174062

    1643 N Martel Avenue Los Angeles (City), CA 90046

    • Price: $4,825,000
    • Status: Active
    • Updated: 83 min ago
    • ID#: 19491598
    14
    Beds
    11
    Baths
    0
    ½ Baths
    0.16
    Acres
    7,383
    SQFT
    $654
    $/SQFT
    1986
    Built
    Neighborhood:
    Hollywood (C20)
    County:
    Los Angeles
    Area:
    Hollywood (C20)
    Property Description
    Incredible opportunity to purchase a very well maintained and upgraded non-rent controlled apartment building in the central and prime Western Hollywood neighborhood. 10 units plus one non confirming studio. The property is within walking distance to all shops and restaurants on Hollywood Boulevard, Sunset Boulevard, Fairfax Boulevard and La Brea Avenue. The popular Hollywood hiking trail of Runyon Canyon sits at the top of the street as well. This building requires no seimic retrofit upgrades and houses a large parking garage and an on-site laundry facility. 9 of the units have been extensively upgradedwith new kitchen and bath cabinets, modern tiles, counters, and flooring. The facade of the property has been designer-finished with gorgeous railings, contemporary wood siding, and clean drought-tolerant landscaping.This is a property that should not be missed **10 plus 1 non conforming Studio**
    Exterior Features

    Construction Frame And Stucco Parking Spaces Total 17 Parking Type Garage

    Interior Features

    Appliances DishwasherGarbage DisposalRefrigerator Cooking Appliances Range Cooling Type Window Unit(S) Heating Type Wall Heater Laundry Locations Individual Room Total Floors 2 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Unfurnished Unit Furnished04 Partially Unit Furnished05 Partially Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bath02 1.0 Unit Number Of Bath03 1.0 Unit Number Of Bed01 2 Unit Number Of Bed02 1 Unit Number Of Bed03 0

    Property Features

    Adjusted Gross Income 318300.00 Assessed Improvement Value 2040000.00 Assessed Land Value 1989000.00 Country United States Of America Expense Total Annual 94352.00 Gross Operating Income 309333.00 Gross Rent Multiplier 15.13 Hoa YN N Legal Disclosures Other Lot Size Source Public Records Net Operating Income 214980.00 Number Of Buildings 1 Property Condition Updated/Remodeled Special Conditions Standard Sale Square Footage Source Vendor Enhanced Television Services Cable Tv Unit Monthly Rent01 3050.00 Unit Monthly Rent02 2120.83 Unit Monthly Rent03 1600.00 Unit Projected Total Monthly Rent01 12200.00 Unit Projected Total Monthly Rent02 12725.00 Unit Projected Total Monthly Rent03 1600.00 Unit Total Monthly Rent01 12200.00 Unit Total Monthly Rent02 12725.00 Unit Total Monthly Rent03 1600.00 Unit Type01 4 Unit Type02 6 Unit Type03 1 Units Total In Complex 11 Zoning Lar3

    Listing provided courtesy of Alex Galuz DRE#01291486 of Crescent Real Estate Corporation.


    Based on information from CARETS as of 2019-12-11T18:42:07.123. The information being provided by CARETS 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 CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. 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. 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.

    Licensed in the State of California, USA.
     
    Lydia Gable Realty Group | Compass
    2945 Townsgate Road Suite 300
    Westlake CA, 91361