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161 N Martel Avenue, Los Angeles, California 90036, Los Angeles, 90036 - 4 bed, 2 bath

161 N Martel Avenue, Los Angeles, California 90036 home-pic-0
ACTIVE$1,650,000
161 N Martel Avenue, Los Angeles, California 90036
4Beds
2Baths
1,718Sqft
7,004Lot
Year Built
1946
Close
-
List price
$1.65M
Original List price
$1.65M
Price/Sqft
$960
HOA
-
Days on market
-
Sold On
-
MLS number
25511721
Home ConditionFair
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 14% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.65M(15th), sqft - 1718(21th), beds - 4(50th), baths - 2(28th).

Charming Traditional Home in Prime Beverly Center Location. Welcome to 161 N Martel Ave, a timeless residence offering 1,718 sqft of living space on a generous 7,000+ sqft lot. While title reflects 2 bedrooms, the home is currently being utilized as a 4 bedroom, 2 bathroom layout, including a tandem bedroom that provides added flexibility. Featuring an expansive traditional floor plan, this home offers well-defined rooms, optimum flow, and purposeful spaces.The light-filled step-down living room boasts a beamed ceiling and a picturesque window, while the formal dining room, accented with elegant wainscoting, is perfect for hosting. A cozy breakfast nook complements the classic kitchen. Additional highlights include recessed lighting, central air & heating, and hardwood floors throughout.The detached 2 car garage offers flexibility for parking or additional storage. Outdoors, the rear yard and patio area are ideal for al fresco dining and entertaining, surrounded by lush greenery and a flourishing lemon tree, creating a serene retreat.Situated in one of Los Angeles' most vibrant and walkable neighborhoods, this home is just moments from The Grove, Erewhon, the Original Farmer's Market, Pan Pacific Park, and top-tier dining and shopping destinations. Renowned schools and parks are also within easy reach, offering both convenience and a sought-after lifestyle. Don't miss this opportunity to own a charming home in one of LA's most desirable locations!

Nearby schools

7/10
Hancock Park Elementary School
Public,•K-5•0.7mi
8/10
Third Street Elementary School
Public,•K-5•1.0mi
2/10
Vine Street Elementary School
Public,•K-6•1.7mi
3/10
Laurel Elementary School
Public,•K-8•1.1mi
7/10
John Burroughs Middle School
Public,•6-8•1.2mi
7/10
Fairfax Senior High School
Public,•9-12•0.8mi

Price History

Date
Event
Price
10/01/03
Sold
$710,000
Condition Rating
Fair
Built in 1946, this home features some desirable updates like hardwood floors, recessed lighting, and central air & heating. However, the kitchen, described as 'classic' and noted as 'dated' in the property analysis, clearly shows older white appliances, laminate countertops, and cabinets that are not up to modern standards. The bathrooms also appear to be functional but significantly outdated in terms of fixtures, vanities, and tile. While well-maintained, the property requires substantial cosmetic renovations in the kitchen and bathrooms to meet contemporary buyer expectations.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7004, living area = 1718.
Exceptional Location: Prime Beverly Center location offering high walkability and immediate access to renowned amenities like The Grove, Erewhon, Original Farmer's Market, and top-tier dining/shopping.
Generous Lot Size: A substantial 7,000+ sqft lot provides ample outdoor space for entertaining, gardening, and potential future expansion or ADU development.
Classic Architectural Charm: Retains timeless traditional features such as an expansive floor plan, beamed ceilings, wainscoting, and hardwood floors, appealing to buyers seeking character.
Flexible Living Space: Currently configured as a 4-bedroom, 2-bathroom layout (including a tandem bedroom), offering versatility for various family needs.
Desirable Amenities & Outdoor Retreat: Includes central air & heating, recessed lighting, and a private, lush rear yard with a patio and lemon tree, perfect for al fresco living.

Cons

Bedroom Count Discrepancy: The official title reflects 2 bedrooms, while it's marketed as 4 (including a tandem), which could lead to appraisal issues, permitting concerns, or buyer confusion.
Dated Kitchen: Described as a 'classic kitchen,' implying it may not be updated to modern standards and could require significant renovation to meet contemporary buyer expectations.
Potential Overpricing: The current list price of $1.65M is 14% above the estimated value of $1.41M, suggesting it may be overpriced relative to its condition and recent comparable sales without significant modern upgrades.

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