Views
Address
941 N Martel Avenue Los Angeles, CA
Price
$ 3,700,000
Property Attributes
  • MLS#SR21061789
  • TypeLand
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaSunset Strip - Hollywood Hills West
  • Zip90046
  • Style
  • Price$ 3,700,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size6,970 SqFt
Listing Provided Courtesy Of:
Raymond Rodriguez with Keller Williams Realty Calabasas.
Data Source:
CRMLS
Property Description

We are proud to present a rare opportunity to acquire Martel Apartments, a shovel ready multifamily development project with complete building permits and plans by renowned architect, Jack Hollander & Associates, Inc. The project is a meticulously planned and amenitized luxury apartment building located in the prime Melrose District of Los Angeles adjacent to West Hollywood. The proposed development calls for 14 apartment units in one four-story building totaling 15,274± building square feet, situated on a 6,986± square foot lot zone LAR3, with 13 + 1 handicap secured on-site subterranean parking spaces. The plans outline a unit mix of (4) singles, (2) one bedroom + 1 bath, (3) one bedroom + 1 bath (designated affordable) and (5) two bedroom + two bath units. Each unit is planned to be equipped with central air and heat, in-unit washer and dryers, balconies, and brand-new appliances (refrigerator, dishwasher & washer/dryer). Unit sizes will range from 345± square feet to 1,255± square feet and all units will be individually metered for both gas and electric. The building amenities include secured subterranean parking, bicycle storage & parking, storage, laundry room with sinks, formal lobby, elevator, recreation room, backyard / patio community area, and front yard landscaping creating gorgeous curb appeal. The Martel Apartments development offers a unique opportunity for a developer to immediately begin building a well-positioned property in an A+ location.

Price History
3/26/2021 Listed $3,700,000

General Features

Community Features Biking, Curbs, Storm Drain(s), Street Lights, Suburban, Sidewalks
MLS Area C03 - Sunset Strip - Hollywood Hills West
Property Type Land
Sewer None
Terms Contract
Utilities Sewer Not Available
View City Lights, Courtyard, Park/Greenbelt, Neighborhood, Panoramic
Zoning LAR3

Exterior Features

Fencing Chain Link
Lot Features Level, No Landscaping, Rectangular Lot, Value In Land, Walkstreet
Lot Size Acres 0.16
Lot Size Area 0.16
Lot Size Square Feet 6970
Lot Size Units Acres
View Y/N Yes
Water Source See Remarks

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90046

Price
AVG $860K
$3.7M
Visits
AVG 76
2
Walkscore
AVG 26
95
Data Provided by Walkscore ® not using MLS data

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