3631 Motor Ave - Apartments FOR SALE


Los Angeles, CA 90034- West Los Angeles
$2,900,000 USD
310-837-7161
3631 Motor Ave, Los Angeles, CA for Sale
$2,900,000 USD
Apartments - FOR SALE
1/25
null | 2.85% Cap Rate

3631 Motor Ave
Los Angeles, CA 90034
West Los Angeles


HIGHLIGHTS

  • 3 stand-alone houses and 1 apartment over garages
  • Tier 3 TOC designation
  • Development Opportunities

OVERVIEW

Pride of ownership four-unit building on Motor Avenue in the heart of Palms. Three stand-alone homes, each with their own water heaters, mini split air conditioning and heating units, and washer/dryer hook-ups and a fourth unit over the rear garages. The updated front house has two bedrooms and one bath and the unit over the garages also has two bedrooms and one bath. The other two units each have one bedroom and one bathroom and one of the units was recently renovated. Four garage spaces off the rear alley plus a store room that is used by the owner. Each unit is separately metered for gas and electricity and the owner pays for water and gardener. The lot is 7,500 square feet (50’ X 150’) to a 20’ alley and the zoning is MU-EC (Mixed Use – Exposition Corridor), which may allow for significant development opportunities. Buyers are encouraged to check with the city of LA for more information on allowed uses, allowed maximum height, and density bonuses. The property has a Tier 3 TOC designation. Please do not walk the property or disturb the tenants. The units can be shown only with an accepted offer. Individual unit square footage is approximate.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$1,038 USD /SF

# OF UNITS

4

PRICE/UNIT

$725,000

CAP RATE

2.85%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3631 Motor Avenue

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1942

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,551 SF

ZONING

LAC2

APN/PARCEL ID

4314-008-010

ASK ABOUT THIS PROPERTY

Dannie CavanaughCavanaugh RealtorsMore Info
310-837-7161

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Dannie CavanaughCavanaugh RealtorsMore Info
310-837-7161

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