tomo logo

$3,995,000

Beds
4
Baths
5.0
sq ft
4,712

630 N Martel Ave, Los Angeles, CA 90036

630 N Martel Ave

Los Angeles, CA 90036

  • 76 days on market
    • Price drop $155,000↓
Attention Backyard Lovers! Welcome to THE MARTEL, a luxurious modern masterpiece in the Beverly Grove/Melrose District! This extraordinary home blends indoor & outdoor spaces with an open-layout concept featuring soaring ceilings and meticulously curated finishes. Custom Fleetwood pocket doors and walls of glass create breathtaking connectivity to a resort-style backyard featuring a pool with waterfall features, hot tub, covered patio, fire pit, and a lush lawn that rivals the most exclusive boutique hotels. A spectacular chef's kitchen with Miele appliances anchors the main level, alongside an en-suite bedroom and private office. Ascend the stunning glass-panel staircase to the large primary suite, complete with a private fireplace, a spa-like bathroom, and two luxurious walk-in closets. Equipped with state-of-the-art smart home technology and moments from Melrose's vibrant scene, this urban sanctuary represents the pinnacle of contemporary Los Angeles living. We are thrilled to showcase the extraordinary lifestyle this home has to offer!

Details

Property type

Single Family Residence

Est. home value

$4,556,810

Property condition

New Construction

Lot size

7,407 sq ft

Price per sq ft

$848

Year built

2016

HOA

No

Price History

01/31/2025
CLAW

CLAW #24470563

Price change
$3,995,000
-3.73%
12/09/2024
CLAW

CLAW #24470563

Listed
$4,150,000
-2.1%
03/26/2024
CLAW

CLAW #24347817

Removed
$4,239,000

Schools & Community

Neighborhood: 

Mid City West

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

Negotiation Insights

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

Seller could get up to

$900,824
Asking price
$3,995,000
Closing costs (~8% of asking)
-$319,600
Est. remaining loan balance
-$2,774,576
Cash to seller
$900,824

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Nations Direct Mortgage Llc

Loan start date

August 2021

Original loan amount

$3,000,000

Est. remaining balance

$2,774,576

Interest rate

2.9%

Loan type

New Conventional, 30 year

Seller

Mahnaz Bahaelou

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: 02/23/2025 at 1:50 AM

Listing updated: 02/19/2025 at 2:15 PM

Listed by: Paola Tejada Lalinde, Christie's International Real Estate SoCal Phone #: (424) 249-7162

MLS: CLAW #24470563

CLAW logo

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