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1445 1/4 N Martel Avenue, Los Angeles, California 90046, Los Angeles, 90046 - 3 bed, 3 bath

1445 1/4 N Martel Avenue, Los Angeles, California 90046 home-pic-0
ACTIVE$1,095,000
1445 1/4 N Martel Avenue, Los Angeles, California 90046
3Beds
3Baths
1,568Sqft
913Lot
Year Built
2021
Close
-
List price
$1.09M
Original List price
$1.09M
Price/Sqft
$698
HOA
$507
Days on market
-
Sold On
-
MLS number
25542323
Home ConditionExcellent
Features
Excellent View: City Lights, Hills, Landmark, Mountain(s), Panoramic
Deck
ViewCity Lights,Hills,Landmark,Mountain(s),Panoramic

About this home

We found 5 Cons,5 Pros. Rank: price - $1.09M(9th), sqft - 1568(25th), beds - 3(50th), baths - 3(50th).

TURNKEY TOWNHOME ON THE WEST HOLLYWOOD BORDER - DELIVERED 100% VACANT. Discover a rare opportunity to acquire a brand-new construction townhomes in a premier Hollywood/West Hollywood location, just steps from Sunset Blvd and minutes to Runyon Canyon. This property offers immediate upside for both owner-users and multifamily investors seeking high-end rental properties in one of Los Angeles' most competitive submarkets. Located at 1445 N Martel Ave, this townhome can be purchased as a portfolio or individually and are delivered 100% vacant - perfect for lease-up or end-user occupancy. Built in 2021 with fully modern design and no deferred maintenance, each unit features 3 bedrooms, 2.5 bathrooms, and approximately 1,568 sq ft of living space. Premium amenities include private rooftop decks (350 sq ft) with panoramic city views, direct-entry 2-car garages per unit, premium finishes throughout, open floor plans, and turnkey condition. This type of opportunity doesn't come around often in this submarket - the combination of new construction, prime location, and vacancy delivery makes this a standout property.

Price History

Date
Event
Price
03/21/25
Sold
$1,200,000
03/04/22
Sold
$1,200,000
Condition Rating
Excellent
This property is a brand-new construction townhome built in 2021, making it less than 5 years old. The description explicitly states 'fully modern design,' 'no deferred maintenance,' 'premium finishes throughout,' and 'turnkey condition.' The images confirm this with a sleek, contemporary aesthetic, featuring modern flat-panel cabinetry, quartz countertops, stainless steel appliances, and subway tile backsplash in the kitchen. Bathrooms boast floating vanities, vessel sinks, large format tiling, glass-enclosed showers, and modern fixtures. Hardwood flooring, recessed lighting, and clean lines are consistent throughout the living spaces. All components appear new or virtually new, meeting current quality standards with no visible wear or deferred maintenance.
Pros & Cons

Pros

New Construction & Turnkey: Built in 2021 with a fully modern design, no deferred maintenance, and delivered in turnkey condition, offering immediate occupancy without additional investment.
Prime Location: Situated on the West Hollywood border, steps from Sunset Blvd and minutes to Runyon Canyon, placing it in a highly desirable and competitive submarket of Los Angeles.
Panoramic Views: Features private 350 sq ft rooftop decks offering panoramic city, hills, landmark, and mountain views, significantly enhancing lifestyle and value.
Investment & Occupancy Flexibility: Delivered 100% vacant, providing immediate upside for both owner-users and multifamily investors seeking high-end rental properties in a strong market.
Premium Features: Includes direct-entry 2-car garages, premium finishes throughout, and open floor plans, catering to a luxury urban living experience.

Cons

Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 913, living area = 1568.
Recently Sold Property: The property was recently sold within the past year on 2025-03-21. The sold price is $1,200,000.00.
High Association Fee: A monthly association fee of $507.0 adds a significant recurring cost to ownership, which could impact affordability for some buyers.
Limited Ground-Level Outdoor Space: Despite the rooftop deck, the small lot size of 913 sq ft suggests minimal private ground-level outdoor space, which might be a drawback for those desiring a yard.
Urban Environment: Its location 'steps from Sunset Blvd' implies a highly urban and potentially busy environment, which could lead to increased noise levels or less tranquility.

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