1643 N Martel Avenue, Los Angeles, CA 90046

About this property

This building requires no seismic retrofit upgrades and houses a large parking garage and an on-site laundry facility. Nine (9) of the units have been extensively renovated with 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 stabilized asset gives an investor the ability to have very strong cash flow in one of the most desirable rental markets in California.

Listing description from the November 2020 sale, as reported to CRMLS.

Sale history

$4,475,000

Sold November 2020 · listed $4,495,000, on market August 2020 · MLS #20612844 · Source: CRMLS

Listing Agent: Saadia 'Sam' Liberow · Listing Office: Marcus & Millichap · Contact: 818-212-2700 · Bought with: Saadia 'Sam' Liberow · Marcus & Millichap

$3,950,000

Sold May 2016 · listed $3,890,000, on market February 2016 · MLS #16978867 · Source: CRMLS

Listing Agent: Robert Renshaw · Listing Office: RE/MAX ESTATE PROPERTIES · Contact: 310-559-5570 · Bought with: Robert Renshaw · RE/MAX ESTATE PROPERTIES

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