Seller's Agent in 2024
Jason Tuvia
Marcus & Millichap
(818) 212-2700
5 in this area
112 Total Sales
812 N Martel Ave Los Angeles, CA 90046
Melrose Neighborhood
14
Beds
14
Baths
8,954
Sq Ft
8,217
Sq Ft Lot
Highlights
- Wood Flooring
- Built-In Features
- Card or Code Access
- Balcony
- Air Conditioning
- Landscaped
About This Home
As of February 2024We are pleased to present a ten (10) unit apartment building located at 812 North Martel Avenue in Los Angeles, California. The subject property is located in a prime Melrose location, north of Melrose Avenue and west of North La Brea Avenue. Built in 1964, Martel features a great unit mix of six (6) one-bedroom / one-bathroom units and four (4) two-bedroom / two-bathroom units. The units are large, averaging about 900 square feet each. Select units feature balconies, with views of the city. The building's envelope is a stone-deco architecture that is complimented by thoughtful landscaping and secured walkway entry to the units, and the parking. The building is fully parked with tuck-under parking that has been reinforced for seismic retrofitting in 2018. Some of the most notable places that tenants will enjoy close to the building are Pink's, Osteria Mozza, Blu Jam Caf, Ronan, Blue Bottle Coffee, among others. Situated in a prime pocket of Melrose, this offering presents an excellent opportunity for an astute investor to capitalize on strong rental upside, at very favorable entry pricing, in a mature and low-velocity market.
Last Agent to Sell the Property
Marcus & Millichap License #01772495 Listed on: 09/26/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 8,217 Sq Ft Lot
- Gated Home
- Landscaped
Interior Spaces
- 8,954 Sq Ft Home
- 2-Story Property
- Built-In Features
- Wood Flooring
- Oven or Range
Bedrooms and Bathrooms
- 14 Bedrooms
- 14 Bathrooms
Parking
- 10 Parking Spaces
- 10 Covered Spaces
- Covered Parking
- Automatic Gate
Utilities
- Air Conditioning
- Heating System Mounted To A Wall or Window
Additional Features
- Balcony
- City Lot
Community Details
- 10 Units
- Vacancy Allowance $7,617
- Card or Code Access
Listing and Financial Details
- Assessor Parcel Number 5526-006-026
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/05/2024 02/05/24 | Sold | $3,300,000 | -5.0% | $369 / Sq Ft |
| 12/05/2023 12/05/23 | Pending | -- | -- | -- |
| 09/26/2023 09/26/23 | For Sale | $3,475,000 | -- | $388 / Sq Ft |
Source: The MLS
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 | $47,271 | $3,366,000 | $2,856,000 | $510,000 |
| 2024 | $47,271 | $3,820,348 | $3,183,624 | $636,724 |
| 2023 | $46,365 | $3,745,440 | $3,121,200 | $624,240 |
| 2022 | $44,231 | $3,672,000 | $3,060,000 | $612,000 |
| 2021 | $10,184 | $750,607 | $243,943 | $506,664 |
| 2020 | $10,270 | $743,411 | $241,442 | $501,969 |
| 2019 | $9,907 | $728,845 | $236,708 | $492,137 |
| 2018 | $9,746 | $714,565 | $232,067 | $482,498 |
| 2016 | $9,207 | $686,339 | $223,056 | $463,283 |
| 2015 | $9,085 | $676,031 | $219,706 | $456,325 |
| 2014 | $9,180 | $662,790 | $215,403 | $447,387 |
Source: Public Records
Agents Affiliated with this Home
-
Jason Tuvia
Map
Source: The MLS
MLS Number: 23-315163
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© 2026 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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