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1049 North Martel Avenue

1049 North Martel Avenue, Los Angeles, CA 90046
Property in West Hollywood
Sold Feb 05, 2024
$6,400,000
$30,553,293 by Wells Fargo Bank, Na
Mortgage Due Feb 05, 2054
Sold Jul 31, 2020
$6,400,000
$6,445,000 by City Of West Hollywood
Mortgage
Local assessors in Los Angeles, CA have categorized 1049 North Martel Avenue as a residential type of property. The home was built in 1924 and is 100 years old. It was most recently renovated and altered in 1926. The property's lot size has been calculated to be 6,921 square feet. The linear feet between the front and back of the lot was measured at 1,400 ft and the front of the lot was measured at 470 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 7 rooms in the home. Of these, 2 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1049 North Martel Avenue has a total of 1,351 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. There is only one available parking space, so if you need more, you may need to find some alternatives. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a gable style roof that was made of roll composition. The home's floor/wall heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Jan 9, 2024 for $6,400,000. That's $4,737.23 per sqft. Prior to that sales transaction, the property was also sold in Jul 14, 2020 for $6,400,000. 1049 North Martel Avenue was last assessed in 2023. The total value of the property was assessed at $2,288,880. Specifically, the land the property is located on was valued at $1,602,216. While improvements on the property were assessed at a total of $686,664. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $26,592. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1924
  • Effective Year Built: 1926
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Conventional
  • Roof Shape Type: Gable
  • Roof Cover Type: Roll composition
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 6,921
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 470
  • Total Building Area: 1,351
  • Building Area: 1,351
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 1,351
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 4220
  • Land Acres: 0.159
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT # 4220 LOT/SEC 36

Ownership

  • Current Owner : MARTEL EAH LP
  • Previous Owner : MARTEL EAH LLC
  • Owner Before Previous Owner: MARTEL HOUSE LLC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 700102

Zoning

  • Zoning: WDR3C*

Geography

  • Assessors Map Reference: 34-A4
  • Subdivision Tract Number: 4220
  • Parcel: 5531-022-017
  • Lot: 36
  • Municipality: WEST /WEST HOLLYWOOD
  • Latitude: 34.0902
  • Longitude: -118.351

    Address

  • Full Address: 1049 N Martel Ave
  • Address - House Number: 1049
  • Street Direction: N
  • Address - Street Name: Martel
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: West Hollywood
  • Carrier Code: C043
  • 4-Digit Zip Code: 6611
  • Zip Code: 90046

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $26,592
  • Tax Rate Code Area: 09-970

    Appraisal Valuation

  • Standard Deviation: 0.1929
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 74
  • Final Value: 2,714,684
  • High Value: 3,238,473
  • Low Value: 2,190,895

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $36,998,293
  • First Open Lien Mortgage Lender: WELLS FARGO BANK, NA
  • First Open Lien Mortgage Recording Date: Feb 05, 2024
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $30,553,293
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan
  • First Open Lien Mortgage Loan Due Date: Feb 05, 2054
  • Second Open Lien Mortgage Recording Date: Feb 05, 2024
  • Second Open Lien Mortgage Loan Amount: $6,445,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Due Date: Feb 05, 2054

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,288,880
  • Assessed Land Value: $1,602,216
  • Assessed Improvements Value: $686,664

    Sales

  • Current Sale Contract Date: Jan 09, 2024
  • Current Sale Recording Date: Feb 05, 2024
  • Current Sale Transaction ID: 11920023549
  • Current Sale Price: $6,400,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 79422
  • Previous Sale Recording Date: Jul 31, 2020
  • Previous Sale Contract Date: Jul 14, 2020
  • Previous Sale Amount: $6,400,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK, NA
  • First Mortgage Transaction Date: Feb 05, 2024
  • First Mortgage Loan Amount: $30,553,293
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Building or Construction Loan
  • Second Mortgage Transaction Date: Feb 05, 2024
  • Second Mortgage Loan Amount: $6,445,000
  • Second Mortgage Terms: 360

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: CITY OF WEST HOLLYWOOD
  • Previous Mortgage Transaction Date: Jul 31, 2020
  • Previous Mortgage Loan Amount: $6,445,000
  • Previous Mortgage Loan Type: Commercial

About West Hollywood



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Frequently Asked Questions

What neighborhood is 1049 North Martel Avenue located in?
The 1049 North Martel Avenue is a located in the neighborhood of West Hollywood in West Hollywood, Los Angeles.
What is the average sales price for listings in 1049 North Martel Avenue?
The average sales price for units in 1049 North Martel Avenue is $0 currently.

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