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1447 N Martel Avenue, Los Angeles, California 90046, Los Angeles, 90046 - bed, bath

1447 N Martel Avenue, Los Angeles, California 90046 home-pic-0
ACTIVE$1,095,000
1447 N Martel Avenue, Los Angeles, California 90046
0Bed
0Bath
Sqft
910Lot
Year Built
Close
-
List price
$1.09M
Original List price
$1.09M
Price/Sqft
$0
HOA
$507
Days on market
-
Sold On
-
MLS number
25542331
Home ConditionExcellent
Features
Excellent View: City Lights, Hills, Landmark, Mountain(s), Panoramic
Deck
ViewCity Lights,Hills,Landmark,Mountain(s),Panoramic

About this home

We found 3 Cons,5 Pros. Rank: price - $1.09M(9th), sqft - 0(3th), beds - undefined(1th), baths - undefined(1th).

TURNKEY TOWNHOME ON THE WEST HOLLYWOOD BORDER - DELIVERED 100% VACANT. Discover a rare opportunity to acquire a brand-new construction townhomes in a premier Hollywood/West Hollywood location, just steps from Sunset Blvd and minutes to Runyon Canyon. This property offers immediate upside for both owner-users and multifamily investors seeking high-end rental properties in one of Los Angeles' most competitive submarkets. Located at 1445 N Martel Ave, this townhome can be purchased as a portfolio or individually and are delivered 100% vacant - perfect for lease-up or end-user occupancy. Built in 2021 with fully modern design and no deferred maintenance, each unit features 3 bedrooms, 2.5 bathrooms, and approximately 1,568 sq ft of living space. Premium amenities include private rooftop decks (350 sq ft) with panoramic city views, direct-entry 2-car garages per unit, premium finishes throughout, open floor plans, and turnkey condition. This type of opportunity doesn't come around often in this submarket - the combination of new construction, prime location, and vacancy delivery makes this a standout property.

Price History

Date
Event
Price
03/04/22
Sold
$1,200,000
01/15/15
Sold
$1,300,000
Condition Rating
Excellent
This property is a brand-new construction townhome built in 2021, making it only three years old. The listing explicitly states 'fully modern design,' 'no deferred maintenance,' 'premium finishes throughout,' and 'turnkey condition.' The images confirm a contemporary aesthetic with new hardwood flooring, recessed lighting, modern kitchen appliances (stainless steel fridge visible), and a state-of-the-art bathroom featuring a floating vanity, large format tiles, and a glass-enclosed shower. All components are virtually new and meet current quality standards, aligning perfectly with the 'Excellent' condition criteria.
Pros & Cons

Pros

Prime Location: Situated in a premier Hollywood/West Hollywood location, steps from Sunset Blvd and minutes to Runyon Canyon, offering high demand and excellent walkability.
New Construction & Modern Design: Built in 2021 with a fully modern design and no deferred maintenance, appealing to buyers seeking contemporary aesthetics and low upkeep.
Turnkey & Vacant Delivery: Delivered 100% vacant and in turnkey condition, providing immediate occupancy for owner-users or seamless lease-up for investors.
Private Rooftop Deck with Panoramic Views: Features a private 350 sq ft rooftop deck offering panoramic city, hills, landmark, and mountain views, enhancing lifestyle and value.
Versatile Investment Opportunity: Offers immediate upside for both owner-users and multifamily investors, broadening its market appeal in a competitive submarket.

Cons

High Monthly Association Fee: A significant monthly association fee of $507 adds to the recurring ownership costs.
Limited Private Ground-Level Outdoor Space: The small lot size (910 sq ft) suggests minimal private outdoor space beyond the rooftop deck, which may not suit all buyers.
Proximity to Urban Noise: Being 'steps from Sunset Blvd' implies a vibrant urban environment that may come with increased noise levels.

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