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Modern Apartment Building with Roof Decks
For Sale
$12,900,000

1016 N Martel Ave, West Hollywood, CA 90046

New construction includes private outdoor space, a resident gym, storage, and gated subterranean parking.

Property Size17,024 SF
Days on Market199

Property Features for 1016 N Martel Ave

General Information

Standard status Active
Size 17,024 SF
Property subtype MULTI_FAMILY

Units

Unit Mix 6 x 3BR+den/3.5BA, 3 x 3BR/3BA, 2 x 2BR/2.5BA
Multifamily Units 11

Amenities

private roof-top decks
recreational room/gym
subterranean gated parking
separate storage

Building Details

Building Size 17,024 SF
Year Built 2025
Buildings 1
Listing Agency: Elite Properties Realty
Listed By: Mazda Hoghoughi · License #00987570
Source: Rochellemaize
Added: Feb 16 Changed: Sep 2 Last Checked: Sep 2 at 2:45AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Elite Properties Realty

Investment Insights

Based on property information with market context.

Completed in 2025, this 11-unit apartment property is configured as multi-level townhome residences. The mix includes six three-bedroom-plus-den units with 3.5 baths, three three-bedroom units with three baths, and two two-bedroom units with 2.5 baths. Every residence has a private rooftop deck, while select units also provide a large balcony. Interiors feature open living and dining areas, designer kitchens with custom cabinetry, quartz countertops, and high-end appliances, along with in-unit laundry, recessed lighting, designer flooring, and powder rooms.

The building includes a recreational room with gym space, separate storage, and gated subterranean parking. Located at 1016 N Martel Ave in West Hollywood, the property is near shops, restaurants, and galleries.

Key Highlights

  • 11‑unit apartment property completed in 2025
  • Unit mix includes six 3‑bed plus den/3.5‑bath, three 3‑bed/3‑bath, and two 2‑bed/2.5‑bath residences
  • Private rooftop deck for every residence; separate large balconies in some units

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Law Firm Food Market Grocery & Convenience Store Daycare Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

11
Residential units

Location Intelligence

Trade Area within ½ mile

780
Businesses Nearby

Demographics for 90046, CA

49,987
Population
31,929
Households
1.6
Avg Household Size
39
Median Age
63%
College-Educated
95%
High-School Grad
5.7 sq mi
ZIP Area
8,770
Density / Sq Mi
$94,259
Median Household Income
$65,607
Median Earnings
$2,204
Median Rent
$1,411,500
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - New construction includes private outdoor space, a resident gym, storage, and gated subterranean parking.
Where is this apartment building located?
The property is located at 1016 N Martel Ave West Hollywood, CA.
What is the asking price?
The asking price for this property is $12,900,000.
What are key features of this property?
This property features: 11‑unit apartment property completed in 2025; Unit mix includes six 3‑bed plus den/3.5‑bath, three 3‑bed/3‑bath, and two 2‑bed/2.5‑bath residences; Private rooftop deck for every residence; separate large balconies in some units
More about this property
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