Land
FOR SALE
3641 Motor Avenue
Los Angeles, CA 90034
Sale Price
Call For Details
Proposed Building Size.
24,318 SF
Lot Size
7,499 SF
ABOUT THE PROPERTY
Maher Commercial Realty is proud to share this off-market opportunity to purchase a shovel-ready 30-unit mixed-use development site in the Palms neighborhood of Los Angeles. This rare West LA site has already had permits pulled, saving you additional expenses. The permits allow a +/- 24,000 Sq.Ft. six-story building with a unit mix of 15 one-bedroom and 15 two-bedroom units. Features include a 3,375 Sq.Ft. open space and a beautiful rooftop common area. The property is located within 0.50 miles of the Palms Metro Line Station and a short distance to Downtown Culver City.
DEVELOPMENT SUMMARY
PROPOSED BUILDING:
LOT SIZE:
PROPOSED RESIDENTIAL SPACE:
PROPOSED COMMERCIAL SPACE:
AVERAGE UNIT SIZE:
PROFORMA GROSS INCOME:
APN:
ZONING:
TOC:
TOTAL PARKING:
DEVELOPMENT POTENTIAL:
24,318 Sq.Ft.
7,499 Sq.Ft.
24,108 Sq.Ft.
280 Sq.Ft.
803 Sq.Ft.
$1,085,964
4314-008-012
C2-1
3
37 SPACES
15 x 1 bed/1 bath
15 x 2 bed/2 bath
30 UNITS
PROPERTY FEATURES
Six-story building
Lot size to center of ally: +/-7,998.7 square feet
Unit Mix: 15 one-bedroom units, and 15 two-bedroom units
Open Space: 3,375 square feet. The roof has 2,580 square feet of the total required open space
Project is located within 0.50 mile of the Palms Metro Line Station
A lobby and one retail space on the ground floor
Three ELI (Extremely Low Income) units
Rooftop open space
One level of subterranean parking with five stories above it
Proven Track Record of Success
In addition to the successful sale of 1906 Malcolm Avenue, Maher Commercial Realty has a proven track record of selling high-value apartment buildings throughout Los Angeles. Recent transactions include the sale of 541-545 Glenrock Avenue, 542 Glenrock Avenue, 534 Glenrock Avenue, 1411 Armacost Avenue and 461 & 467 Midvale Avenue and 10954 Robling Avenue. Each of these properties presented unique challenges which our team skillfully navigated to deliver top-notch results for our clients.
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534 Glenrock Avenue
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467 Midvale Avenue
Los Angeles, CA 90024
461 Midvale Avenue
Los Angeles, CA 90024
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