NOT LISTED FOR SALE

833 N Martel Ave Los Angeles, CA 90046

Melrose Neighborhood

Estimated Value: $2,443,136 - $3,467,000

4 Beds
2 Baths
2,256 Sq Ft
$1,306/Sq Ft Est. Value

Last Sold April 21, 2021

Last sale price $2,775,000 $1,230 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $19,024/month

42 Days on Market

Highlights

  • Gated Parking
  • Built-In Features
  • Central Heating and Cooling System

About This Home

As of April 2021

Builder/Developer/Contractor Opportunity - 100% RTI. Proposed 8 unit luxury condominium (tract-mapped), or keep and hold as rentals, or sell the whole building to an investor. Unique high-end design; all units are 2 floors, Living down, bedrooms up. 4 ground floor units all have private outdoor space, 4 penthouses have epic views, terraces, and large private roofdecks. Elevator building with subterranean parking. Four 2 Bedroom, 2.5 Bath units, and Four 3 Bedroom, 3.5 Bath units. Floorplans range in size from 1,500 SF to 2,400SF. Please inquire for more information. Listing Agents hold an ownership stake in the property.

Last Agent to Sell the Property

David Lubell

Christie's International Real Estate SoCal License #01928231 Listed on: 07/10/2020

Christie's International Real Estate SoCal

Co-Listed By

craig spano

Christie's International Real Estate SoCal License #01971165

Last Buyer's Agent

Boris Gurfinkel

License #01280534

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $35,672

Year Built

  • Built in 1923

Lot Details

  • 7,014

Parking

  • Gated Parking

Interior Spaces

  • 2,256 Sq Ft Home
  • Built-In Features

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Additional Features

  • 7,014 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 5526-005-029

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$35,672

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2256
  • Lot Acreage: 0.1610
  • Year Built: 1923
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 4
  • Total Bathrooms: 2.00
  • Equipment: Built-Ins
  • Price Per S Q F T: 1262.85

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Gated Underground

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessed Improvement Percent: 35.25
  • Assessed Improvement Value: 48746
  • Assessed Land Percent: 64.75
  • Assessed Land Value: 89559
  • Total Assessed Value: 138305
  • Assessor Parcel Number: 5526-005-029
  • Lot Size Area: 7014

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 8
  • Total Annual Expense: 0
  • Type Of Units: Condo
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2020
Closed on
Apr 21, 2021
Sold by
833 Martel Llc
Bought by
Gvi Cs Arch Llc
Seller's Agent
David Lubell
Christie's International Real Estate SoCal
Buyer's Agent
Boris Gurfinkel
List Price
$2,995,000
Sold Price
$2,775,000
Premium/Discount to List
-$220,000
-7.35%
Current Estimated Value
$2,945,784

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$170,784
Avg. Annual Appreciation
1.39%
Original Mortgage
$5,739,000
Interest Rate
3.05%
Mortgage Type
Construction

Purchase Details

Closed on
Nov 5, 2018
Sold by
Tendler Arie and Spano Craig W
Bought by
833 Martel Llc

Purchase Details

Closed on
Aug 30, 2018
Sold by
Tendler Debra Rose
Bought by
Tendler Arie

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
5.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 19, 2018
Sold by
Liptak Laszlo
Bought by
Tendler Arie and Spano Craig W

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
5.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Gvi Cs Arch Llc $2,775,000 Fidelity National Title
833 Martel Llc -- None Available
Tendler Arie -- Equity Title
Tendler Arie $1,960,000 Equity Title Los Angeles
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gvi Cs Arch Llc $7,149,998
Closed Gvi Cs Arch Llc $1,700,000
Closed Gvi Cs Arch Llc $5,739,000
Previous Owner Tendler Arie $1,100,000
Previous Owner Liptak Laszlo $100,000
Previous Owner Liptak Laszlo $102,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2021 04/21/21 Sold $2,775,000 -2.6% $1,230 / Sq Ft
08/21/2020 08/21/20 Pending -- -- --
08/12/2020 08/12/20 Price Changed $2,849,000 -4.9% $1,263 / Sq Ft
07/10/2020 07/10/20 For Sale $2,995,000 -- $1,328 / 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 $35,672 $3,003,747 $2,273,106 $730,641
2024 $35,672 $2,944,851 $2,228,536 $716,315
2023 $34,974 $2,887,110 $2,184,840 $702,270
2022 $33,334 $2,830,500 $2,142,000 $688,500
2021 $24,063 $2,019,910 $1,514,933 $504,977
2019 $23,338 $1,960,000 $1,100,000 $860,000
2018 $1,917 $141,070 $91,350 $49,720
2017 $1,880 $138,305 $89,559 $48,746
2016 $1,812 $135,594 $87,803 $47,791
2015 $1,788 $133,559 $86,485 $47,074
2014 $1,810 $130,943 $84,791 $46,152
Source: Public Records

Agents Affiliated with this Home

  • David Lubell

    Seller's Agent in 2021

    David Lubell

    Christie's International Real Estate SoCal

    (917) 202-8289

    6 in this area

    27 Total Sales

    David Lubell
    Section Image
  • craig spano

    Seller Co-Listing Agent in 2021

    craig spano

    Christie's International Real Estate SoCal

    (323) 203-5439

    5 in this area

    24 Total Sales

    craig spano
    Section Image

  • B

    Buyer's Agent in 2021

    Boris Gurfinkel

See All Agents

Map

Source: The MLS

MLS Number: 20-602460

The MLS

APN: 5526-005-029

California Los Angeles County Los Angeles 90046 Melrose

833 N Martel Ave, Los Angeles, CA

This home is located at 833 N Martel Ave, Los Angeles, CA 90046 since 10 July 2020 and is currently estimated at $2,945,784, approximately $1,305 per square foot. This property was built in 1923. 833 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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