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    3645 Motor Ave

    Los Angeles, CA 90034
    • $2,450,000
    • STATUS: Active
    • ON SITE: 135 days
    • MLS #: 21-684138
    UPDATED: 239 min ago
    $2,450,000
    • 10
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,030
      SQFT
    • $487
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1955
    County:

    School Ratings & Info

    Description

    Nine unit apartment building in the heart of Palms on rapidly evolving Motor Avenue. Front building consists of eight, one-bedroom units plus a laundry room. The two-bedroom unit is over four single garages at the rear of the lot. Additional income from laundry, garages and billboard. Property is zoned MU (EC) and has a TOC Tier 3 designation which allows for up to 70% density bonus and other development advantages. Great location near Culver City, Cheviot Hills, and the Expo line station in Palms. Property is being sold in "as-is" condition with no representations, warranties, or guaranties from the Seller.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-12T23:42:42.417. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.searchdesertrealestate.com/homes/113709746
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    3645 Motor Ave Los Angeles, CA 90034

    • Price: $2,450,000
    • Status: Active
    • Updated: 239 min ago
    • MLS #: 21-684138
    10
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    5,030
    SQFT
    $487
    $/SQFT
    1955
    Built
    Neighborhood:
    Palms - Mar Vista
    County:
    Los Angeles
    Area:
    Palms - Mar Vista
    Property Description
    Nine unit apartment building in the heart of Palms on rapidly evolving Motor Avenue. Front building consists of eight, one-bedroom units plus a laundry room. The two-bedroom unit is over four single garages at the rear of the lot. Additional income from laundry, garages and billboard. Property is zoned MU (EC) and has a TOC Tier 3 designation which allows for up to 70% density bonus and other development advantages. Great location near Culver City, Cheviot Hills, and the Expo line station in Palms. Property is being sold in "as-is" condition with no representations, warranties, or guaranties from the Seller.
    Exterior Features

    Covered Parking 4 Lot Size Area 7511 Other Structures None Parking Garage GarageUncovered Style Traditional Total Parking 6

    Interior Features

    Baths Total 9.00 Cooling None Equipment None Heating Wall Gas Laundry CommunityRoom

    Property Features

    Assessed Total Value 459192 Gross Income 149967 Gross Operating Income 145793 Like Units1 8 Like Units2 1 Net Operating Income 79705.00 Number Of Buildings 3 Number Of Units 9 Sale Type Standard Source Living Area Assessor Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Assessor Total Annual Expense 66088 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lamu (Ec)

    Listing provided courtesy of Daniel John Cavanaugh DRE#00576151 of Cavanaugh Realtors.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-12T23:42:42.417. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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