NOT LISTED FOR SALE

517 N Martel Ave Los Angeles, CA 90036

Melrose Neighborhood

Estimated Value: $1,446,430 - $4,346,000

3 Beds
1 Bath
1,210 Sq Ft
$1,872/Sq Ft Est. Value

Last Sold January 08, 2024

Last sale price $1,432,000 $1,183 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $12,451/month

40 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Laundry Room
  • Spanish Architecture
  • Breakfast Area or Nook
  • Central Heating and Cooling System

About This Home

As of January 2024

CHARMING SPANISH IN EXCELLENT FARFAX VILLAGE VICINITY. This two bedroom one and a half bath home in a prime location is ideal for an owner/user looking to remodel, or for an investor as an incredible development opportunity. The property features a generous living room with hardwood floors, newer wiring, central A/C, and an enclosed private yard with a detached garage. Located in a highly sought after location, this property provides tremendous upside potential.

Last Agent to Sell the Property

Mark Reavis

Reavis Realty License #01197741 Listed on: 05/19/2023

Co-Listed By

Allison Schwarz

Compass License #01878458

Last Buyer's Agent

Kai Zlotnitsky

Ashby & Graff License #02143631

Ashby & Graff

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,478

Year Built

  • Built in 1924

Lot Details

  • 5,600 Sq Ft Lot
  • Lot Dimensions are 45x150
  • Property is zoned LAR1

Parking

  • 1 Parking Space

Home Design

  • Spanish Architecture

Interior Spaces

  • 1,210 Sq Ft Home
  • 1-Story Property
  • Dining Room
  • Breakfast Area or Nook

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5526-024-008

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,478

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Spanish
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 1210
  • Lot Acreage: 0.1285
  • Lot Dimensions: 45x150
  • Stories: 1
  • Year Built: 1924
  • Number Of Photos: 25
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Hardwood, Laminate
  • Bedrooms: 3
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 0
  • Laundry: Laundry Area
  • Total Bathrooms: 1.00
  • Den: 0
  • Equipment: Dryer, Washer
  • Price Per S Q F T: 1321.49

Exterior Features

  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Parking Garage: Garage - 1 Car
  • Total Parking: 1

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 5526-024-008
  • Lot Size Area: 5600

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 3, 2023
Sold by
Lowy Family Trust
Bought by
517 Martel Llc
Current Estimated Value
$2,264,608

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
7.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 13, 2009
Sold by
Lowy Agneta
Bought by
The Lowy Family Trust

Purchase Details

Closed on
Nov 20, 2007
Sold by
Lowy Albert and Lowy Agneta
Bought by
Lowy Albert
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
517 Martel Llc $1,432,000 Fidelity National Title
The Lowy Family Trust -- None Available
Lowy Albert -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 517 Martel Llc $2,815,512
Previous Owner 517 Martel Llc $1,100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/08/2024 01/08/24 Sold $1,432,000 -10.4% $1,183 / Sq Ft
06/28/2023 06/28/23 Pending -- -- --
05/19/2023 05/19/23 For Sale $1,599,000 -- $1,321 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

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 $2,478 $1,460,640 $1,377,714 $82,926
2024 $2,478 $190,701 $136,326 $54,375
2023 $2,437 $186,962 $133,653 $53,309
2022 $2,332 $183,297 $131,033 $52,264
2021 $2,295 $179,704 $128,464 $51,240
2019 $2,229 $174,375 $124,654 $49,721
2018 $2,151 $170,957 $122,210 $48,747
2016 $2,047 $164,320 $117,465 $46,855
2015 $2,018 $161,853 $115,701 $46,152
2014 $2,034 $158,683 $113,435 $45,248
Source: Public Records

Agents Affiliated with this Home

  • Mark Reavis

    Seller's Agent in 2024

    Mark Reavis

    Reavis Realty

    (323) 828-2680

    1 in this area

    23 Total Sales

    Mark Reavis
    Section Image
  • Allison Schwarz

    Seller Co-Listing Agent in 2024

    Allison Schwarz

    Compass

    (310) 433-0056

    4 in this area

    64 Total Sales

    Allison Schwarz
    Section Image

  • K

    Buyer's Agent in 2024

    Kai Zlotnitsky

    Ashby & Graff

    Section Image
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Map

Source: The MLS

MLS Number: 23-272677

The MLS

APN: 5526-024-008

California Los Angeles County Los Angeles 90036 Melrose

517 N Martel Ave, Los Angeles, CA

This home is located at 517 N Martel Ave, Los Angeles, CA 90036 since 19 May 2023 and is currently estimated at $2,264,608, approximately $1,871 per square foot. This property was built in 1924. 517 N Martel Ave is a home located in Los Angeles County with nearby schools including Laurel Elementary, Fairfax High School, and Yeshiva Rav Isacsohn / Torath Em.

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The MLS © 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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