822 N Martel Avenue, Los Angeles, California 90046, Los Angeles, 90046 - bed, bath
ACTIVE$2,195,000
822 N Martel Avenue, Los Angeles, California 90046
0Bed
0Bath
Sqft
6,216Lot
Year Built
1923
Close
-
List price
$2.19M
Original List price
$2.19M
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
24473899
Home ConditionPoor
Features
Good View: City Lights
ViewCity Lights
About this home
We found 2 Cons,3 Pros. Rank: price - $2.19M(45th), sqft - 0(3th), beds - undefined(1th), baths - undefined(1th).
ATTENTION DEVELOPERS & INVESTORS! R3 lot, 6,216 Sq. Ft. TOC Tier 3 with existing Single Family Residence. The seller advises the property is SB8-clear. Lot Approximate Dimensions 50' x 124' feet, an incredible opportunity to develop on a highly sought after location. Property is being sold AS-IS for land value for development purposes only.
Price History
Date
Event
Price
08/02/24
Sold
$1,730,000
Condition Rating
Poor
The property, built in 1923, is being sold AS-IS for land value, indicating significant disrepair. The listing emphasizes development potential, suggesting the existing structure requires substantial repairs or demolition. Images show a very outdated interior, including the kitchen and bathrooms, confirming the need for major updates.
Pros & Cons
Pros
Development Opportunity: R3 lot in a TOC Tier 3 area, presenting a significant development opportunity for investors and developers.
Desirable Location: Located in a highly sought-after area of Los Angeles, increasing its appeal for potential development.
SB8-Clear: The seller advises the property is SB8-clear, potentially streamlining the development process.
Cons
As-Is Condition: The property is being sold AS-IS for land value, implying the existing residence may require significant work or demolition.
Single Family Residence: Currently has a single family residence, which may need to be demolished for development purposes, adding to initial costs.