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$2,100,000

Beds
4
sq ft
2,784

1033 N Martel Ave, West Hollywood, CA 90046

1033 N Martel Ave

West Hollywood, CA 90046

  • 20 days on market
Charming 4-Unit Apartment Building in West Hollywood. Three Units are 1-Bedroom/1-Bath and One Unit is 1-Bedroom/1/Bath + DEN (built as owner's unit but is currently rented). The entire building was fully remodeled about 15 years ago and is very well maintained. The interiors are freshly painted, solid real maple wood floors, (two units have newly refinished floors), Milgard dual pane vinyl windows is all units, blinds installed on every window. Each unit has a large living room, dining room and an ample kitchen featuring maple cabinets with granite countertops, stainless stove/oven, dishwasher & refrigerator. A tankless gas water heaters for each unit and each unit has central AC/Heat. All bathrooms feature larger shower stalls. All bedrooms have sliding glass doors to private decks. Each unit has a walk-in closet in the bedroom with stacked washer/dryer inside closet. Two 2-blocks from new Trader Joe's, WFB, several restaurants, a few blocks from newer Sprouts grocery, parks nearby. Great location, friendly building. Building has been 100% occupied for 15 years. Lot is prime for adding ADU (2) at the back of the lot. Perfect for owner user or investor. ONE Lower unit can be delivered vacant if an owner/user would like to move in. Five car older garage is not currently used, but likely location for adding 1 or 2 ADUs.

Details

Property type

Est. home value

$1,107,455

Lot size

6,994 sq ft

Price per sq ft

$755

Year built

1924

HOA

No

Price History

02/13/2025
CLAW

CLAW #25498269

Listed
$2,100,000
10/24/2024
CLAW

CLAW #24395763

Removed
$2,100,000
05/23/2024
CLAW

CLAW #24395763

Listed
$2,100,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Parkside Lending Llc

Loan start date

June 2014

Original loan amount

$801,950

Est. remaining balance

$625,171

Interest rate

4.33%

Loan type

New Conventional, 30 year

Seller

Paul Choo

Lender

World S/L

Loan start date

July 1997

Original loan amount

$161,250

Est. remaining balance

Not provided

Interest rate

7.72%

Loan type

Not Provided, 30 year

Seller

Paul Choo

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 03/06/2025 at 10:55 AM

Listing updated: 02/21/2025 at 5:35 AM

Listed by: Brian Strahl, Coldwell Banker Realty Phone #: (310) 820-6651

MLS: CLAW #25498269

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