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3645 Motor Ave

Los Angeles, CA 90034
  • $2,265,250
  • STATUS: Closed
  • ON SITE: 182 days
  • MLS #: 21-684138
Sold - 07/26/2021
$2,265,250
SOLD - 07/26/2021
  • 10
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,030
    SQFT
  • $450
    $/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.

Sold by E-Ho Lin BRE#00576151 of The Turtle Group Capital, Inc..

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-30T17:43:02.577. 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.desertarealuxuryhomes.com/homes/113709746
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3645 Motor Ave Los Angeles, CA 90034

  • Price: $2,450,000
  • Status: Closed
  • Updated: 86 min ago
  • MLS #: 21-684138
10
Beds
0
Baths
0
½ Baths
0.17
Acres
5,030
SQFT
$450
$/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 2021-07-30T17:43:02.577. 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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