812 N Martel Avenue, Los Angeles, CA 90046
Property
Sold February 2024
Listing Agent: Jason Tuvia (DRE #01772495) · Listing Office: Marcus & Millichap · Contact: 818-212-2700 · Bought with: Jason Tuvia · Marcus & Millichap · MLS #23315163 · Source: CRMLS
About this property
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.
Listing description from the February 2024 sale, as reported to CRMLS.
Sale history