3347 Motor Ave - Loft/Creative Space FOR SALE


Los Angeles, CA 90034- Palms
$2,525,000 USD
310-966-4352
3347 Motor Ave, Los Angeles, CA for Sale
$2,525,000 USD
Loft/Creative Space - FOR SALE
1/14
null | Request Cap Rate

NEW


3347 Motor Ave
Los Angeles, CA 90034
Palms


OVERVIEW

WESTMAC Commercial Brokerage Company is pleased to offer for sale 3347 Motor Avenue, an office building in the heart of Los Angeles’s Palms neighborhood. The property is ±3,180 square feet of building on ±3,754 square feet of land. The building features a balcony off the second floor, separate entrances to each unit in the front and the rear, and a gated parking lot with space for approximately eight vehicles (stacked). The first floor of the property is currently owner-operated. The second floor is leased to a tenant on a month-to-month basis, with 3% annual increases occurring in November. Each floor is approximately 1,700 square feet. An owner-user could continue to lease out the second floor, or occupy the entire space with 60-day notice to the tenant. Currently, the second floor tenant does not utilize the parking lot. The location has excellent visibility along Motor Avenue in an area that sees a traffic volume of almost 15,000 cars per day. It has a Walk Score of 89 and a Bike Score of 80—perfect for exploring the many restaurants and shops the neighborhood has to offer. The subject property is a 10-minute walk to the Metro E line, connecting it to Santa Monica, Downtown LA, and beyond. Additionally, there is an on-ramp to the 10 freeway only two minutes from the subject property. The Santa Monica Airport is 10 minutes away, and LAX is less than a 30-minute drive from the property.

FOR SALE DETAILS

PRICE

$2,525,000 USD

PRICE/SF

$794 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1958

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

MU(EC)

APN/PARCEL ID

4314-022-017

ASK ABOUT THIS PROPERTY

T.C. MackerWESTMAC Commercial Brokerage CompanyMore Info
310-966-4352

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T.C. MackerWESTMAC Commercial Brokerage CompanyMore Info
310-966-4352

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.