I
Seller's Agent in 2015
Ibrahim Rashdi
No Firm Affiliation
1016 N Martel Ave West Hollywood, CA 90046
Estimated Value: $1,658,000 - $2,042,000
8
Beds
6
Baths
1,734
Sq Ft
$1,073/Sq Ft
Est. Value
Highlights
- No HOA
- 1-Story Property
- 4-minute walk to Poinsettia Recreation Center
About This Home
As of October 2015LOCATION! LOCATION! LOCATION! This property is located at the prime corner of Romain St. & N. Martel Ave. in West Hollywood. This is just one of three (3) duplexes that are for sale. ALL THREE (3) DUPLEXES MUST BE SOLD TOGETHER!! Great opportunity for investor or developer to keep "as is" or to build a larger multi-unit complex!! All units are currently tenant occupied, therefore, PLEASE DO NOT CONTACT OR DISTURB OCCUPANT!!! . The price is for the 6 units together.
Last Agent to Sell the Property
Ibrahim Rashdi
No Firm Affiliation License #01893384 Listed on: 05/01/2015
Last Buyer's Agent
Ibrahim Rashdi
No Firm Affiliation License #01893384 Listed on: 05/01/2015
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $17,617
Year Built
- Built in 1924
Lot Details
- 6,997 Sq Ft Lot
- 1 Common Wall
- Density is up to 1 Unit/Acre
Parking
- 1 Car Garage
- Parking Available
Home Design
- Property Attached
Interior Spaces
- 1,734 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 6 Bathrooms
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tax Lot 47
- Tax Tract Number 4220
- Assessor Parcel Number 5531021009
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 6 Units
Building Details
- Rent Control
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 6 Separate Water Meters
- Electric Expense $1
- Insurance Expense $1
- Maintenance Expense $1
- Professional Management Expense $1
- Trash Expense $1
- Water Sewer Expense $1
- New Taxes Expense $1
- Gross Income $7,500
- Net Operating Income $7,500
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 6, 2025
Sold by
Martel Heights Llc
Bought by
Martel Duo Llc and Martel Sak Llc
Current Estimated Value
Purchase Details
Closed on
Dec 14, 2018
Sold by
Martel Duo Llc
Bought by
Martel Heights Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,200,000
Interest Rate
4.8%
Mortgage Type
Construction
Purchase Details
Closed on
Jun 2, 2015
Sold by
Blanchet Michael Gaston
Bought by
Martel Duo Llc and Martel Sak Llc
Purchase Details
Closed on
Jan 23, 2004
Sold by
Blanchet Michel Gaston
Bought by
Blanchet Michel Gaston
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,000
Interest Rate
5.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 22, 2003
Sold by
Blanchet Michel
Bought by
Blanchet Michel Gaston and The Michel Gaston Blanchet Separate Prop
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Martel Duo Llc | -- | None Listed On Document | |
| Martel Heights Llc | -- | Unisource Title | |
| Martel Duo Llc | $1,200,000 | Priority Title | |
| Blanchet Michel Gaston | -- | Chicago Title Co | |
| Blanchet Michel Gaston | -- | Chicago Title Co | |
| Blanchet Michel Gaston | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Martel Duo Llc | $5,900,000 | |
| Previous Owner | Martel Heights Llc | $5,150,000 | |
| Previous Owner | Martel Heights Llc | $5,200,000 | |
| Previous Owner | Blanchet Michel Gaston | $179,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/05/2015 10/05/15 | Sold | $3,200,000 | +3.2% | $1,845 / Sq Ft |
| 05/12/2015 05/12/15 | Pending | -- | -- | -- |
| 05/01/2015 05/01/15 | For Sale | $3,100,000 | -- | $1,788 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $17,617 | $1,399,971 | $1,338,620 | $61,351 |
| 2024 | $17,617 | $1,372,522 | $1,312,373 | $60,149 |
| 2023 | $17,242 | $1,345,611 | $1,286,641 | $58,970 |
| 2022 | $16,309 | $1,319,227 | $1,261,413 | $57,814 |
| 2021 | $16,123 | $1,293,361 | $1,236,680 | $56,681 |
| 2020 | $16,477 | $1,298,916 | $1,190,674 | $108,242 |
| 2019 | $15,789 | $1,273,448 | $1,167,328 | $106,120 |
| 2018 | $15,637 | $1,248,480 | $1,144,440 | $104,040 |
| 2016 | $14,990 | $1,200,000 | $1,100,000 | $100,000 |
| 2015 | $3,376 | $208,289 | $144,903 | $63,386 |
| 2014 | $3,383 | $204,210 | $142,065 | $62,145 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR14176344
APN: 5531-021-009
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