1033 Martel ave, West Hollywood , CA 90046
Active
$2,100,000
4 Units
4 Beds
4 Baths
2,784 Area(sq.ft.)
Lot: 6,994 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1 | No | $ 2,995 | $ 2,995 | $ 2,995 |
| Unit 2 | 2 | 1 | 1 | No | $ 2,795 | $ 2,795 | $ 2,795 |
| Unit 3 | 3 | 1 | 1 | No | $ 2,695 | $ 2,695 | $ 2,695 |
| Unit 4 | 4 | 1 | 1 | No | $ 2,695 | $ 2,695 | $ 2,695 |
| 10 | 10 | 10 | $ 27,450 | $ 27,450 | $ 27,450 |
| MLS #: | 25498269 |
| Days On Market: | 296 |
| Listing Date: | February 13, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 754 |
| Price per unit: | $ 525,000 |
| Year Built: | 1924 |
Property Details
Charming 4-Unit Apartment Building in West Hollywood. Three Units are 1-Bedroom/1-Bath and One Unit is 1-Bedroom/1/Bath + DEN (built as owner's unit but is currently rented). The entire building was fully remodeled about 15 years ago and is very well maintained. The interiors are freshly painted, solid real maple wood floors, (two units have newly refinished floors), Milgard dual pane vinyl windows is all units, blinds installed on every window. Each unit has a large living room, dining room and an ample kitchen featuring maple cabinets with granite countertops, stainless stove/oven, dishwasher & refrigerator. A tankless gas water heaters for each unit and each unit has central AC/Heat. All bathrooms feature larger shower stalls. All bedrooms have sliding glass doors to private decks. Each unit has a walk-in closet in the bedroom with stacked washer/dryer inside closet. Two 2-blocks from new Trader Joe's, WFB, several restaurants, a few blocks from newer Sprouts grocery, parks nearby. Great location, friendly building. Building has been 100% occupied for 15 years. Lot is prime for adding ADU (2) at the back of the lot. Perfect for owner user or investor. ONE Lower unit can be delivered vacant if an owner/user would like to move in. Five car older garage is not currently used, but likely location for adding 1 or 2 ADUs.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Gross Operating Income: | $ 136,160 |
| Total Annual Expense: | $ 27,552 |
| Net Operating Income: | $ 134,160 |
| Gross Annual Income: | $ 134,160 |
| Gross Rent Multiplier: | 15.65 |
| Actual Gross Rent: | $ 134,160 |
| Actual Gross Income: | $ 134,160 |
| Actual Rent Total: | $ 134,160 |
Structure
| Amenities: | None |
| Type of Units: | Apartment |
| Buildings: | 2 |
| Levels: | One |
| Style: | Spanish |
| View Description: | None |
| Water: | District |
Land & Parking
| Zoning: | WDR3C* |
| Parking Garage: | Shared Driveway, Garage Is Detached, Garage - 4+ Car |
Interior
| Cooking Appliances: | Microwave, Range Hood, Free Standing Gas |
| AC/Cooling: | Air Conditioning, Central |
| Equipment: | Water Line to Refrigerator, Washer, Vented Exhaust Fan, Refrigerator, Range/Oven, Garbage Disposal, Microwave, Dryer, Dishwasher, Built-Ins |
| Heating: | Central, Forced Air |
| Fireplace Rooms: | None |
| Interior Features: | Recessed Lighting, High Ceilings (9 Feet+), Laundry - Closet Stacked, Open Floor Plan, Built-Ins |
| Kitchen Features: | Stone Counters, Remodeled |
| Laundry: | Laundry Closet Stacked, In Closet |
| Patio Features: | Deck(s) |
Exterior
| Pool: | No |
| Spa: | No |
Detailed Map
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