$12,900,000
1016 N Martel Avenue, West Hollywood CA 90046
Multi-Family (11 Units)
Property type
119 days
On market
$758
Price per sqft
N/A
Garage
2025
Year built
14,012 sqft
Lot size
Home highlights
Open Houses
Overview
We are pleased to exclusively represent Martel Heights, a newly built (2025) , stunning & modern Townhomes with private roof top decks in highly desirable West Hollywood location. This exceptional trophy property consists of six 3-bed. & den/3.5bth, three 3bed. /3bth & two 2bed. /2.5 bath multi-level units with their own cozy & private roof-top-decks. Each spacious and sleek...
Listing provided by: Mazda Hoghoughi DRE #00987570 310-271-4040, Elite Properties Realty
Listing updated: Feb 27, 2026 at 04:54am.
Last checked: Jun 13, 2026 at 02:00pm
Source: CRMLS #26652473
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 6 | 3 | 3 | — | $6,105 | $36,635 | $37,800 | Unfurnished |
| 3 | 3 | 3 | — | $5,763 | $17,290 | $18,000 | Unfurnished |
| 2 | 2 | 2 | — | $5,395 | $10,790 | $11,000 | Unfurnished |
# of Buildings: 1
# of Units Total: 11
Dishwasher: 11
Disposal: 11
Refrigerator: 11
Tenant Pays: Electricity, Gas, Other
Financial Snapshot
Gross Rent Multiplier
16.6x
List Price / Annual Gross Rent
Cap Rate
4.39%
NOI / List Price
Vacancy Allowance Rate: 2%
Net Operating Income: $567,456
Interior
Cooling: Central Air
Heating: Central
Appliances: Dishwasher, Disposal, Microwave, Refrigerator, Washer
Laundry: Washer Included
Exterior
Stories Total: 3
Levels: Multi Split
Garage and Parking
Parking: Underground, Gated
Parking Total: 27
Lot Information
Land Lease: No
Parcel #: 5531021009
Zoning: WDR3C*
Community
HOA: No
Senior Community: No