150 N Martel Avenue, Los Angeles, California 90036, Los Angeles, 90036 - 3 bed, 2 bath
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Los Angeles, California 90036
This Character Spanish Restoration Opportunity is listed at $1,850,000, representing a stable acquisition aligned with its $1,849,771 Fair Market Value. Located in the prestigious Miracle Mile North HPOZ, the property features a Fair Condition Rating with original 1930s details and an expansive 8,231 sqft lot. The generous outdoor space, including a private patio, offers significant upside for restoration, while the proximity to Third Street Elementary School ensures long-term neighborhood value. This asset is a premier choice for Owner-Occupants seeking a historic project or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 150 N Martel Avenue Subject | $1,850,000* List Price | 3 | 2 | 1,964 | $942 | - |
A 315 N Formosa Avenue Sold | $2,075,000 | 3 | 2 | 1,772 | $1,171 | 0.3 mi |
B 160 S Poinsettia Place Sold | $2,000,000 | 4 | 3 | 2,301 | $869 | 0.3 mi |
C 117 N Martel Avenue Sold | $1,850,000 | 3 | 3 | 2,305 | $803 | 0.1 mi |
D 143 S Highland Avenue Sold | $1,700,000 | 4 | 2 | 2,381 | $714 | 0.7 mi |
E 614 S Orange Drive Sold | $1,750,000 | 3 | 2 | 1,666 | $1,050 | 0.9 mi |
F 151 N Poinsettia Place Active Under Contract | $1,798,000 List Price | 3 | 2 | 2,066 | $870 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
This 1930s Spanish home is well-maintained and freshly painted, but the interior finishes are dated. The kitchen features older raised-panel oak cabinetry, a dated diamond-patterned floor, and a mix of older appliances. While the hardwood floors and architectural character are strengths, the property has not undergone a major renovation in several decades, placing it in the fair category as it requires cosmetic updates to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8231, living area = 1964.
Situated in the prestigious Miracle Mile North Historic Preservation Overlay Zone, this 1930s Spanish home offers authentic architectural character and long-term neighborhood value protection.
The property boasts an expansive 8,231 square foot lot, providing significant outdoor space and privacy that is rare for this central Los Angeles neighborhood.
The HPOZ designation imposes rigorous restrictions on exterior alterations, which can complicate renovation timelines and increase costs for owners wishing to modernize the home's facade.
Currently converted from a 3-bedroom to a 2-bedroom with a family room, the layout may require additional construction to restore its original utility for families needing three dedicated bedrooms.
Character Spanish home located in the Miracle Mile North HPOZ. First time on the market in over 50 year. 3 Bedroom 2 bath home currently converted to a 2 bedroom with a large family room opening to the garden. Large formal living room separate formal dining room, breakfast nook in the kitchen. Freshly painted inside and out.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-5 • 1.0 mi
Grades K-6 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 39% |
| Baths | 2.0 | 3.0 | 39% |
| Square foot | 1,964 | 2,385.5 | 30% |
| Lot Size | 8,231 | 6,928.5 | 84% |
| Price | $1.85M | $2.14M | 36% |
| Price per sq ft | $942 | $937 | 50% |
| Built year | 1930 | 1926 | 68% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 191 | 2% |
Apr 9, 2026
$1,850,000
Initial Listing