823 N. Martel Ave., Los Angeles, CA 90046 - 20598448 - iPro Real Estate
iPro Real Estate

iPro Real Estate

823 N. Martel Ave.
Los Angeles, CA 90046

Active, Multi-Family/Income Sale

For Sale

$4,850,000

Free Professional CMA

Listing ID : 20598448

  • Beds

    12
  • Year

    2004

Description

Exclusively presenting, Martel Lofts, a rare opportunity to acquire an exquisitely constructed architectural 5-unit, income generating development in the highly coveted Melrose / Fairfax District, adjacent to notable restaurants, cafes, boutique designer shopping, and night life. The property was constructed in 2004, featuring 3 bed / 3.5 bath each, superb parking, contemporary design, high end finishes and loads of natural light via impressive large scale windows throughout. Additionally, one unit remain

Details

Type: Multi-Family/Income Sale 
County: Los Angeles 
Tax ID: 5526005005
Net Operating Income: $170,243 
Days on Market: 567 
Number of Units: 5 
Property Type: Residential Income 
Sub Type: Multi Family 
Zoning: LAR3 

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Interactive

34.086033 -118.351364 $4,850,000 20598448
823 N. Martel Ave., Los Angeles, CA 90046
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Area Information 90046

Population:

49,726 Up .02% since 2010
Average Income:
$119,049
Average Age:
39Years
Gender:
52.96%Male
47.04%Female
Households:
29,3136.98% with children
Average Value:
$1,725,449
Occupancy:
23.54%Owned
76.46%Rented
6.83%Vacant
Education:
10.55%High School
7.32%Associate
42.15%Bachelor
17.33%Graduate
Average Residency:
18Years
Crime Rate:
Very High
Annual Rainfall:
18.08Inches
Earthquake Risk:
Very High
Hurricane Risk:
Very Low
Ozone Risk:
Average
Pollution Risk:
Average
Tornado Risk:
Below Average

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Listed by Steven Medina with Hilton & Hyland