315 N Martel Avenue, Los Angeles, California 90036, Los Angeles, 90036 - 5 bed, 4 bath
315 N Martel Avenue
Los Angeles, California 90036
Property Price
SUMMARY
Analysis of 315 N Martel Avenue, Los Angeles, California 90036 reveals a Fairly Priced Property with a current list price of $1,950,000 aligned with the estimated $1,950,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 315 N Martel Avenue Subject | $1,950,000* List Price | 5 | 4 | 3,324 | $587 | - |
A 119 S Highland Avenue Sold | $2,345,000 | 4 | 4 | 3,364 | $697 | 0.8 mi |
B 613 N Detroit Street Active | $1,799,000 List Price | 5 | 4 | 2,684 | $670 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1941, this property explicitly requires 'extensive renovation' and 'reimagining' according to the listing. Images reveal severely outdated kitchens and bathrooms, likely last updated 30-50 years ago, with worn cabinetry, old appliances (except for a newer dishwasher), and dated tilework. Flooring is heavily worn hardwood, with some areas stripped to the subfloor. The exterior shows signs of neglect, including boarded-up windows/doors and security bars. Major systems and finishes are well past their expected lifespan and require substantial rehabilitation to be safe and comfortable for living.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Location
Situated in a dynamic, walkable, and highly sought-after L.A. neighborhood, blocks from premier shopping, dining, and entertainment hubs like The Grove, Melrose, and Beverly Blvd.
- Significant Development Potential
Offers a rare opportunity for investors, developers, or visionary end-users to restore, reimagine, or expand a character-rich home in a prime R1-zoned location.
- Generous Corner Lot
A substantial 7,336 sq ft corner lot provides ample space and flexibility for various projects and landscaping possibilities.
CONSRISKS & DEFICIENCIES
- Extensive Renovation Required
The property is described as needing to be 'restored or reimagined,' indicating a significant investment in renovation and modernization will be necessary.
- Older Construction
Built in 1941, the home likely features outdated systems and finishes, potentially leading to higher maintenance costs and immediate upgrade needs.
- Recent Price Reductions
Multiple price adjustments since the initial listing suggest market resistance to the original pricing, potentially due to the property's current condition or perceived value.
About 315 N Martel Avenue
Unlock the potential of this 5-bedroom, 4-bathroom single-family residence located in one of L.A.’s most dynamic and walkable neighborhoods. Sitting on a 7,336 sq ft corner lot, 315 N Martel Ave offers over 3,300 sq ft of living space, providing a rare opportunity for investors, developers, or visionary end-users to restore or reimagine a character-rich home in a prime R1-zoned location. The spacious lot and convenient rear alleyway access offer excellent potential for an ADU addition or future expansion. Just blocks from The Grove, Melrose, and Beverly Blvd, this property is surrounded by premier shopping, dining, and entertainment in one of the city’s most sought-after submarkets.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1941
- Lot Size
- 7,336 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Hancock Park Elementary School
Grades K-5 • 0.7 mi
Third Street Elementary School
Grades K-5 • 1.0 mi
Vine Street Elementary School
Grades K-6 • 1.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 70% |
| Baths | 4.0 | 3.0 | 56% |
| Square foot | 3,324 | 2,503 | 67% |
| Lot Size | 7,336 | 6,753 | 63% |
| Price | $1.95M | $2.17M | 40% |
| Price per sq ft | $587 | $950 | 5% |
| Built year | 1941 | 1926 | 81% |
| HOA | $0 | $0 | 50% |
| Days on market | 158 | 183 | 37% |
Pricing History
Listed for Sale
Jan 8, 2026
$1,950,000
$2,110,000
-8% Price Drop
Initial Listing
Price Change
Nov 25, 2025
$2,110,000
$2,150,000
-2% Price Drop
Initial Listing
Price Change
Sep 29, 2025
$2,150,000
Initial Listing
Sold
Aug 16, 2004
$906,000
Public Record