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    3645 Motor Avenue

    Los Angeles (City), CA 90034
    • $2,600,000
    • STATUS: Active Under Contract
    • ON SITE: 38 days
    • ID#: 21684138
    Under Contract
    UPDATED: 67 min ago
    $2,600,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,030
      SQFT
    • $517
      $/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 California Regional Multiple Listing Service, Inc. as of 2021-03-08T18:31:25.477. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.

    www.hometownnorthcounty.com/homes/113708850
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    3645 Motor Avenue Los Angeles (City), CA 90034

    • Price: $2,600,000
    • Status: Active Under Contract
    • Updated: 67 min ago
    • ID#: 21684138
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    5,030
    SQFT
    $517
    $/SQFT
    1955
    Built
    Neighborhood:
    C13 - Palms - Mar Vista
    County:
    Los Angeles
    Area:
    C13 - 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

    Architectural Style Traditional Garage Spaces 4.00 Lot Size Dimensions 50 X 150 Lot Size Units Square Feet Parking Features GarageUncovered Parking Total 4.00 Parking YN Yes

    Interior Features

    Cooling None Cooling YN No Laundry Features CommunityIndividual Room

    Property Features

    Country Us Gross Income 149967.00 Gross Multiplier 17.30 Gross Operating Income 145793.00 Laundry YN Yes Lot Dimensions Source Assessor Net Operating Income 77830.00 Senior Community YN No Special Listing Conditions Standard Total Actual Rent 149967.00 Total Expenses 67963.00 Zoning Lamu (Ec)

    Listing provided courtesy of Daniel John Cavanaugh of Cavanaugh Realtors


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-03-08T18:31:25.477. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.

     
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    San Ramon CA, 94583