Executive Summary

• 1015 N Martel Avenue is a development opportunity located in Los Angeles’ highly coveted West Hollywood rental submarket just south of Santa Monica Blvd between N La Brea Avenue and N Fairfax Avenue, a location that attracts high-end renters with close proximity to Los Angeles’ most iconic restaurants, clubs, music venues, employment centers and retail amenities
• The subject property features a 7,009 SF lot, zoned WDR3C; opportunity for a developer to build 5 units by-right with the potential of 7 units by utilizing the city of West Hollywood’s density bonus*
• The site currently features a fourplex with existing income in-place
• Easy commute to job and educational opportunities as the subject property is located in the center of Beverly Hills, Downtown Hollywood and Los Angeles, walking distance to the Metro Red Line
• The subject property features a high walk score of 92; walking distance to countless amenities on Santa Monica Blvd, La Brea & Fairfax Ave such as Sprouts Farmers Market, Formosa Café, Trader Joe’s, & Harlowe Bar among many others
• The city of West Hollywood continues to be one of Los Angeles’ most desirable rental markets with demand for apartments rising year over year; major affordability gap between renters and home ownership as the median home value within three miles of the subject property is over $1 Million

*buyer to conduct their own due diligence to verify accuracy