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Real Estate Prices & Overview

N Martel Ave / W Sunset Blvd median real estate price is $1,590,927, which is more expensive than 81.8% of the neighborhoods in California and 96.2% of the neighborhoods in the U.S.

The average rental price in N Martel Ave / W Sunset Blvd is currently $3,534, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 60.9% of the neighborhoods in California.

N Martel Ave / W Sunset Blvd is a densely urban neighborhood (based on population density) located in Los Angeles, California.

N Martel Ave / W Sunset Blvd real estate is primarily made up of small (studio to two bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the N Martel Ave / W Sunset Blvd neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

N Martel Ave / W Sunset Blvd has a 11.0% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 65.6% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

People

Of note is NeighborhoodScout's research finding that the N Martel Ave / W Sunset Blvd neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the N Martel Ave / W Sunset Blvd community truly stands out from the rest in this regard.

In addition, the types of households in a neighborhood can tell a lot about the character and lifestyle of those living here. NeighborhoodScout's exclusive analysis reveals that this neighborhood, above nearly every neighborhood in America, has a greater percentage of its residents living alone: 57.5%. This is a higher percent living alone than we found in 98.3% of all U.S. neighborhoods. Often residents who live alone are new arrivals to an area who are single, and often senior citizens who have lost a spouse.

Real Estate

The N Martel Ave / W Sunset Blvd neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 100.0% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.

In addition, the real estate in the N Martel Ave / W Sunset Blvd neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 91.7% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 98.5% of American neighborhoods.

Furthermore, the N Martel Ave / W Sunset Blvd neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 38,853 persons per square mile in the neighborhood, it is more packed with people than 97.8% of the nation's neighborhoods.

Also of note, 90.4% of the real estate in the N Martel Ave / W Sunset Blvd neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.

Modes of Transportation

A unique way of commuting is simply not to. And in the N Martel Ave / W Sunset Blvd neighborhood, analysis shows that 27.5% of the residents work from home, avoiding a commute altogether. This may not seem like a large number, but it is a higher proportion of people working from home than is found in 95.3% of the neighborhoods in the United States. One thing NeighborhoodScout's research reveals is that the wealthier and/or more isolated the neighborhood, the greater the proportion of residents who choose to work from home.

Also, would you like to be able to ride your bike to work? If you are attracted to the idea of getting a little exercise of the two-wheeled type while reducing your carbon footprint, bicycling to work might be the answer. But which neighborhood you live in can make this either impossible, or alternatively, a great and realistic option. NeighborhoodScout's analysis revealed that the N Martel Ave / W Sunset Blvd neighborhood is a fantastic option for bicycle commuters, as 2.6% of commuters here do ride their bikes to and from work on a daily basis. This is a higher amount than we found in 95.0% of the neighborhoods in America.

Diversity

Did you know that the N Martel Ave / W Sunset Blvd neighborhood has more Romanian and Hungarian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.3% of this neighborhood's residents have Romanian ancestry and 3.0% have Hungarian ancestry.

N Martel Ave / W Sunset Blvd is also pretty special linguistically. Significantly, 5.6% of its residents five years old and above primarily speak Russian at home. While this may seem like a small percentage, it is higher than 99.8% of the neighborhoods in America.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the N Martel Ave / W Sunset Blvd neighborhood in Los Angeles are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 66.9% of the neighborhoods in America. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America's neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the N Martel Ave / W Sunset Blvd neighborhood, 62.4% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 13.7% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (12.5%), and 11.5% in manufacturing and laborer occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the N Martel Ave / W Sunset Blvd neighborhood is English, spoken by 66.5% of households. Other important languages spoken here include Spanish, French, Russian and Tagalog (the first language of the Philippine region).

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the N Martel Ave / W Sunset Blvd neighborhood in Los Angeles, CA, residents most commonly identify their ethnicity or ancestry as German (22.0%). There are also a number of people of Mexican ancestry (16.9%), and residents who report Asian roots (10.2%), and some of the residents are also of Italian ancestry (8.3%), along with some French ancestry residents (7.7%), among others. In addition, 28.3% of the residents of this neighborhood were born in another country.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in N Martel Ave / W Sunset Blvd neighborhood spend between 15 and 30 minutes commuting one-way to work (30.8% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (57.9%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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