Los Angeles, CA 90034 3631 Motor Avenue

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Presented By: Daniel John Cavanaugh with Cavanaugh Realtors;
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# 24362585
  • 02/28/2024
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 6
  • Baths • 4
  • SQFT • 2,793
  • Garage • 4

Home Details

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.
Presented By: Daniel John Cavanaugh with Cavanaugh Realtors;

Interior Features for 3631 Motor Avenue

Bedrooms

Total Bedrooms6

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths4

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesInside
Total Stories2

General for 3631 Motor Avenue

Additional Parcels Y/NNo
Attached Garage No
Cap Rate2.9
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
DirectionsWest side of Motor Avenue, north of Venice, south of Palms
DisclosuresPrincipalIsRealEstateLicensed
Full Baths
Garage Spaces4.0
Garage Y/NYes
Gross Income132540.0
HOANo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsMultiSplit
Lot Size Square Feet7502.0
Lot Size UnitsSquareFeet
MLS AreaC13 - Palms - Mar Vista
MobileHomeRemainsYNNo
Net Operating Income83274.0
New ConstructionNo
Number Of Units Total4
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tenant PaysElectricity, Gas
Year Built1942
ZoningMU-EC

Exterior for 3631 Motor Avenue

Building Area Total2793.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions50 x 150
Lot Size Acres0.1722
Lot Size Area7502.0
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Number of Buildings4
Parking FeaturesCovered, Garage, GarageDoorOpener
Private PoolNo
SpaNo
Total Parking4.0
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $2,900,000
MLS#24362585
List Date 02/28/2024
Property Type Multi-Family
Phone 714.742.6515
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