S
Seller's Agent in 2021
Sachin Patel
Sachin Patel
(310) 779-4554
1 in this area
6 Total Sales
425 N Martel Ave Los Angeles, CA 90036
Melrose NeighborhoodEstimated Value: $3,172,000 - $5,022,000
4
Beds
5.5
Baths
5,117
Sq Ft
$853/Sq Ft
Est. Value
Highlights
- Cabana
- Primary Bedroom Suite
- Fireplace in Primary Bedroom
- New Construction
- Two Primary Bathrooms
- Wood Flooring
About This Home
As of October 2021Brand new construction, a stunning double height tiled door entry welcomes you into this sleek, modern, open concept home that immediately flows into quintessential LA indoor/outdoor living through oversized sliding glass pocket doors - all leading to a large infinity pool, beach edge, sunken fire pit lounge area, and a complete outdoor pool cabana to take in the backyard oasis over a glass of champagne! Absorb the elegant & romantic mood lighting and ambiance the property exudes at sunset. Head down into a full size basement to enjoy a large movie theater, additional living room, and full size gym with a mini bar. Embrace the sensational master suite, grand walk-in closet and balcony deck overlooking the pool. Tile & hardwood floors, Italian interior doors, chandeliers, backlit mirrors, built-in surround sound, 2-car garage, large kid's bedrooms - this property boasts endless details perfect for romantic, evening relaxation with family & friends!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $49,197
Year Built
- Built in 2021 | New Construction
Lot Details
- 7,000 Sq Ft Lot
- Lot Dimensions are 50x140
- Wood Fence
- Drip System Landscaping
- Sprinklers on Timer
- Property is zoned LAR1
Parking
- 2 Car Garage
- Driveway
Home Design
- Modern Architecture
- Flat Roof Shape
- Block Foundation
- Stucco
Interior Spaces
- 5,117 Sq Ft Home
- 2-Story Property
- Built-In Features
- High Ceiling
- Living Room with Fireplace
- 2 Fireplaces
- Kitchen Island
- Laundry closet
- Basement
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Fireplace in Primary Bedroom
- Primary Bedroom Suite
- Walk-In Closet
- Two Primary Bathrooms
Home Security
- Smart Home
- Fire Sprinkler System
Pool
- Cabana
- In Ground Pool
- Heated Spa
- Gas Heated Pool
Utilities
- Central Heating and Cooling System
- Tankless Water Heater
- Sewer in Street
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 5526-033-011
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 1, 2024
Sold by
Manshoory Shaheen and Manshoory Neda
Bought by
Manshoory Family Trust and Manshoory
Current Estimated Value
Purchase Details
Listed on
Jun 2, 2021
Closed on
Aug 30, 2021
Sold by
425 N Martel Llc
Bought by
Manshoory Shaheen and Mohammadzadeh Neda
Seller's Agent
Sachin Patel
Sachin Patel
Buyer's Agent
Aviva Motavassel
Realty One Group United
List Price
$4,250,000
Sold Price
$3,915,000
Premium/Discount to List
-$335,000
-7.88%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.84%
Original Mortgage
$2,936,250
Interest Rate
2.55%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 27, 2021
Sold by
360 Capital Ventures Inc
Bought by
425 N Martel Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
2.9%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 9, 2021
Sold by
425 N Martel Llc
Bought by
360 Capital Ventures Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
2.9%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 16, 2019
Sold by
Levy Ronny
Bought by
425 N Martel Llc
Purchase Details
Listed on
Jan 4, 2019
Closed on
Feb 20, 2019
Sold by
Levy Ossie and Zur Osnat
Bought by
Levy Ronny
Seller's Agent
Sheri Bienstock
The Bienstock Group
Buyer's Agent
Sachin Patel
Sachin Patel
List Price
$1,800,000
Sold Price
$1,750,000
Premium/Discount to List
-$50,000
-2.78%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.74%
Original Mortgage
$2,900,000
Interest Rate
4.4%
Mortgage Type
Construction
Purchase Details
Listed on
Jan 4, 2019
Closed on
Jan 22, 2019
Sold by
Rav Noy Michael J and Rav Noy Miriam
Bought by
Levy Ronny and 360 Capital Ventures Inc
Seller's Agent
Sheri Bienstock
The Bienstock Group
Buyer's Agent
Sachin Patel
Sachin Patel
List Price
$1,800,000
Sold Price
$1,750,000
Premium/Discount to List
-$50,000
-2.78%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,900,000
Interest Rate
4.4%
Mortgage Type
Construction
Purchase Details
Closed on
May 17, 2016
Sold by
Rav Noy Michael J
Bought by
The Ravy Noy Family Trust
Purchase Details
Closed on
Aug 9, 2002
Sold by
Leibovic Avi
Bought by
Rav Noy Michael J and Rav Noy Miriam
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$358,708
Interest Rate
6.51%
Purchase Details
Closed on
May 11, 2000
Sold by
Katz Rafael and Katz Esther
Bought by
Leibovic Avi and Leibovic Rena
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,700
Interest Rate
8.22%
Purchase Details
Closed on
May 9, 1996
Sold by
Oscherowitz Steven
Bought by
Katz Rafael and Katz Esther
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$293,950
Interest Rate
5.62%
Purchase Details
Closed on
Aug 16, 1995
Sold by
Oscherowitz Susan
Bought by
Oscherowitz Steven
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,000
Interest Rate
7.71%
Purchase Details
Closed on
Aug 15, 1995
Sold by
Citicorp Mtg Inc
Bought by
Oscherowitz Steven
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,000
Interest Rate
7.71%
Purchase Details
Closed on
Jul 3, 1995
Sold by
Adelman Elliott
Bought by
Citibank Fsb
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,000
Interest Rate
7.71%
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 |
|---|---|---|---|
| Manshoory Family Trust | -- | None Listed On Document | |
| Manshoory Shaheen | $3,915,000 | North American Title Company | |
| 425 N Martel Llc | -- | Accommodation | |
| 360 Capital Ventures Inc | -- | Stewart Title Of Ca Inc | |
| 425 N Martel Llc | -- | None Available | |
| Levy Ronny | -- | Provident Title Co | |
| Levy Ronny | $1,750,000 | Provident Title Co | |
| The Ravy Noy Family Trust | -- | None Available | |
| Rav Noy Michael J | $732,000 | Gateway Title Company | |
| Leibovic Avi | $425,000 | Progressive Title Company | |
| Katz Rafael | $327,000 | Fidelity National Title Ins | |
| Oscherowitz Steven | -- | Equity Title Company | |
| Oscherowitz Steven | $260,000 | Equity Title Company | |
| Citibank Fsb | $240,000 | North American Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Manshoory Shaheen | $2,936,250 | |
| Previous Owner | 360 Capital Ventures Inc | $220,000 | |
| Previous Owner | 360 Capital Ventures Inc | $400,000 | |
| Previous Owner | Levy Ronny | $2,900,000 | |
| Previous Owner | Rav Noy Michael J | $358,708 | |
| Previous Owner | Leibovic Avi | $316,000 | |
| Previous Owner | Leibovic Avi | $190,000 | |
| Previous Owner | Leibovic Avi | $313,200 | |
| Previous Owner | Leibovic Avi | $100,000 | |
| Previous Owner | Leibovic Avi | $143,000 | |
| Previous Owner | Leibovic Avi | $267,000 | |
| Previous Owner | Leibovic Avi | $252,700 | |
| Previous Owner | Katz Rafael | $293,950 | |
| Previous Owner | Oscherowitz Steven | $162,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/01/2021 10/01/21 | Sold | $3,915,000 | -2.0% | $765 / Sq Ft |
| 08/27/2021 08/27/21 | Pending | -- | -- | -- |
| 08/14/2021 08/14/21 | Price Changed | $3,995,000 | -6.0% | $781 / Sq Ft |
| 06/02/2021 06/02/21 | For Sale | $4,250,000 | +142.9% | $831 / Sq Ft |
| 02/28/2019 02/28/19 | Sold | $1,750,000 | -2.8% | $980 / Sq Ft |
| 01/22/2019 01/22/19 | Pending | -- | -- | -- |
| 01/04/2019 01/04/19 | For Sale | $1,800,000 | -- | $1,008 / Sq Ft |
Source: The MLS
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 | $49,197 | $4,154,629 | $2,286,903 | $1,867,726 |
| 2024 | $49,197 | $4,073,166 | $2,242,062 | $1,831,104 |
| 2023 | $48,231 | $3,993,300 | $2,198,100 | $1,795,200 |
| 2022 | $45,964 | $3,915,000 | $2,155,000 | $1,760,000 |
| 2021 | $21,513 | $1,803,492 | $1,803,492 | $0 |
| 2020 | $21,738 | $1,785,000 | $1,785,000 | $0 |
| 2019 | $9,564 | $950,381 | $683,838 | $266,543 |
| 2018 | $11,390 | $931,747 | $670,430 | $261,317 |
| 2016 | $10,893 | $895,569 | $644,398 | $251,171 |
| 2015 | $10,734 | $882,118 | $634,719 | $247,399 |
| 2014 | $10,773 | $864,839 | $622,286 | $242,553 |
Source: Public Records
Agents Affiliated with this Home
-
Sachin Patel
-
Aviva Motavassel
Buyer's Agent in 2021
Aviva Motavassel
Realty One Group United
(310) 780-8007
1 in this area
10 Total Sales
-
Sheri Bienstock
Seller's Agent in 2019
Sheri Bienstock
The Bienstock Group
(323) 310-2525
40 in this area
216 Total Sales
Map
Source: The MLS
MLS Number: 21-742944
APN: 5526-033-011
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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