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813 N Martel Avenue 2, Los Angeles, California 90046, Los Angeles, 90046 - 2 bed, 3 bath

813 N Martel Avenue 2, Los Angeles, California 90046 home-pic-0
ACTIVE$999,999
813 N Martel Avenue 2, Los Angeles, California 90046
2Beds
3Baths
1,553Sqft
12,726Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Location: Situated just one block north of iconic Melrose Avenue, offering unparalleled access to West Hollywood, The Grove, and a vibrant array of dining, shopping, and entertainment options.
Top Cons:
High Association Fees: The monthly association fee of $500 is substantial and adds a significant ongoing cost to homeownership.

Compared to the nearby listings

Price:$1000.0K vs avg $695.0K (+$304,999)77%
Size:1,553 sqft vs avg 1,148 sqft77%
Price/sqft:$644 vs avg $65642%

More Insights

Built in 1992 (33 years old).
Condition: Built in 1992, this property is 32 years old. While it benefits from recent updates like new flooring and fresh paint on the main level, a new water heater, and stainless steel kitchen appliances, there's no indication of a comprehensive, recent renovation of the entire property, especially the kitchen and bathrooms. The cabinetry and bathroom styles are likely original or updated 15-30 years ago, suggesting they are functional but may appear dated. The property is well-maintained but would require minor updates to fully modernize key areas.
Year Built
1992
Close
-
List price
$1,000K
Original List price
$1,000K
Price/Sqft
$644
HOA
$500
Days on market
-
Sold On
-
MLS number
AR25188961
Home ConditionFair
Features
Good View: City Lights
ViewCity Lights

About this home

Contemporary Townhouse in Prime Melrose Location! Located just one block north of iconic Melrose Ave, this stylish multi-level townhouse offers 2 bedrooms, 2.5 bathrooms + loft in one of LA’s most sought-after neighborhoods. The home features soaring ceilings, abundant natural light, new flooring, and fresh paint on the main level. The spacious living room includes recessed lighting, custom shutters, and a convenient powder room—ideal for entertaining. A versatile loft space is perfect for a home office, dining area, or den. Upstairs, two large en-suite bedrooms offer vaulted ceilings, skylights, and generous closets. The kitchen is equipped with stainless steel appliances and ample cabinetry. Additional features include a new water heater, in-unit laundry, and a private 2-car attached garage with direct entry. Located in a secure, gated 10-unit complex just minutes from West Hollywood, The Grove, parks, dining, shopping, and entertainment.

Price History

Date
Event
Price
09/13/00
Sold
$335,000
06/27/23
Sold
$930,000
05/04/17
Sold
$730,000
08/31/05
Sold
$735,000
08/15/03
Sold
$510,000
Condition Rating
Fair
Built in 1992, this property is 32 years old. While it benefits from recent updates like new flooring and fresh paint on the main level, a new water heater, and stainless steel kitchen appliances, there's no indication of a comprehensive, recent renovation of the entire property, especially the kitchen and bathrooms. The cabinetry and bathroom styles are likely original or updated 15-30 years ago, suggesting they are functional but may appear dated. The property is well-maintained but would require minor updates to fully modernize key areas.
Pros & Cons

Pros

Prime Location: Situated just one block north of iconic Melrose Avenue, offering unparalleled access to West Hollywood, The Grove, and a vibrant array of dining, shopping, and entertainment options.
Modern & Updated Interiors: Features include soaring and vaulted ceilings, abundant natural light, new flooring, fresh paint, recessed lighting, custom shutters, and skylights, creating a contemporary and inviting atmosphere.
Versatile Floor Plan: The multi-level townhouse includes a flexible loft space ideal for a home office or den, complemented by two spacious en-suite bedrooms, providing adaptable living arrangements.
Desirable Amenities: Equipped with a new water heater, convenient in-unit laundry, a private 2-car attached garage with direct entry, and a kitchen featuring stainless steel appliances and ample cabinetry.
Secure & Private Complex: Located within a secure, gated 10-unit complex, offering enhanced privacy and peace of mind for residents.

Cons

High Association Fees: The monthly association fee of $500 is substantial and adds a significant ongoing cost to homeownership.
Aggressive Pricing Strategy: The current list price of $999,999 represents a notable increase from its last sale price of $930,000 in June 2023, which may be perceived as aggressive by potential buyers in the current market.
Condominium Ownership Restrictions: As a condominium within a complex, potential buyers may face limitations on property modifications, pet policies, or rental rules, which could impact personal use and future flexibility.

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