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$ 2,995,000
Est. payment | /mo
7,501 Sqft Lot
$ 2,995,000
Est. payment | /mo
7,501 Sqft Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25503027
HOA Y/N No
Lot Size 7,501 Sqft
Property Description
Seller is motivated and will consider all reasonable offers. 3641 Motor Avenue is a rare, ready-to-go development opportunity in prime West Los Angeles. The property is fully entitled for a 30-unit, six-story mixed-use project with permits already pulled saving the buyer an estimated $200,000+ in permit fees and months of time. Approved plans call for approximately 24,000 SF, including 15 one-bedroom and 15 two-bedroom units (3 ELI units), 3,375 SF of open space (featuring a 2,580 SF rooftop deck), one level of subterranean parking, and ground-floor retail. Developers also have the option to dramatically increase density: under CHIP OC-3 and other state/local housing incentives, the site can accommodate up to 63 units with no parking through a ministerial, streamlined process 73% of which can be market rate. The flexibility between the current RTI plans and higher-density alternatives provides multiple exit strategies. Located near the Palms Metro Line Station, Helms Bakery District, Citizen Public Market, and top-tier restaurants, this high-visibility Motor Avenue site offers strong demand drivers and easy access to the 10 and 405 freeways.
Location
State CA
County Los Angeles
Area C13 - Palms - Mar Vista
Zoning LAC2-1
Interior
Fireplace No
Exterior
View Y/N Yes
View City Lights
Building
New Construction No
Others
Senior Community No
Tax ID 4314008012
Special Listing Condition Standard
Listed by Oron Maher Maher Commercial Realty