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$4,995,000

Beds
4
Baths
4.5
sq ft
5,117

425 N Martel Ave, Los Angeles, CA 90036

425 N Martel Ave

Los Angeles, CA 90036

  • 11 days on market
    • Price drop $149,000↓
It's a dreamy day in LA. Picture yourself starting the day lounging on the Baja shelf of your infinity-edge pool, taking in the cozy modern atmosphere as you decide how to spend the rest of the day. Will you explore the nearby Melrose Trading Post for one-of-a-kind finds, visit the Farmer's Market for a haul of local and fresh goodies, or host a Sunday Funday in your entertainer's dream home? To LA, or to be LA. That is the question. This spacious modern masterpiece epitomizes LA living, with three levels of luxury featuring four en-suite bedrooms, a chef's kitchen, seamless indoor-outdoor living spaces, a gym, a movie theater, and of course, a pool, spa and cabana. Whether you're hosting or relaxing, every detail is designed for both comfort and style. Step into the soaring double-height foyer that leads to an expansive open-concept living space. The Miele-equipped kitchen with a huge island for setting up beautiful spreads while hosting, connects to the living room, where sliding pocket doors blur the boundary between your indoor and outdoor paradise, leading to the meticulously designed backyard complete with a poolside cabana, a fire pit for cozy evenings, and complete privacy and serenity. It's the perfect setting for entertaining, relaxing, or simply soaking in the sunshine.The lower level is an entertainer's paradise, offering a chic bar and an additional living area ideal for gatherings. Whether hosting viewing parties, intimate concerts, or even a rejuvenating sound bath, this space provides ample room to bring your visions to life. A state-of-the-art gym, featuring top-tier equipment, allows for a full workout experience without leaving home. This level also includes a full bathroom for added convenience. For the ultimate in entertainment, the private screening room boasts multiple plush couches, and a huge screenperfect for movie nights, watching your favorite shows, or hosting private premieres. After a full day, retreat to the primary suite, your own personal sanctuary. This spacious suite features a spa-inspired bathroom complete with a rain shower and a deep soaking tub, perfect for unwinding. Have a spa-like experience every day. The large boutique-style walk-in closet, featuring an island and custom cabinetry, caters to your every organizational need.Outside, the city's vibrant culture and entertainment await. Dine at renowned restaurants such as Crossroads Kitchen by celebrity Chef Tal Ronnen, or the Michelin-listed Leopardo. Museums like The La Brea Tar Pits and LACMA are just minutes away, or you can attend events at art galleries such as Fahey Klein and Two Faced Gallery. Enjoy an evening of comedy and improv. Explore the chic boutiques lining Melrose Avenue and Beverly Boulevard. Popular staples like The Grove, Erewhon, Whole Foods, and Kreation are also right there. This location offers a vibrant mix of culture, style, and convenience. Whether it's a night out in the city or a peaceful evening spent in your private oasis, 425 N Martel is the perfect backdrop for your LA story. |2.55% rate loan may be assumable! | The home is turn-key and can be sold partially furnished.

Details

Property type

Single Family Residence

Est. home value

$4,185,316

Lot size

7,002 sq ft

Price per sq ft

$977

Year built

2021

HOA

No

Price History

10/07/2024
CLAW

CLAW #24442399

Price change
$4,995,000
-2.9%
09/26/2024
CLAW

CLAW #24442399

Listed
$5,144,000
+31.39%
10/01/2021
CLAW

CLAW #21742944

Sold
$3,915,000
+123.71%

Schools & Community

Neighborhood: 

Mid City West

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

First Republic Bank

Loan start date

September 2021

Original loan amount

$2,936,250

Est. remaining balance

Not provided

Interest rate

2.55%

Loan type

New Conventional, 30 year

Seller

Sliaheen Manshoory and Neda Mohammadzadch

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?

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Status: Active

Tomo last checked: 10/08/2024 at 7:25 PM

Listing updated: 10/07/2024 at 5:09 PM

Listed by: Michael Simmons, Compass Phone #: (310) 820-0195

MLS: CLAW #24442399

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