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$3,400,000
Est. payment /mo
7,499 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25503027
Lot Size 7,499 Sqft
Acres 0.1722
Property Description
3641 Motor Avenue presents a rare opportunity for developers with multiple options to maximize the site's potential. The site can accommodate the development of 63 units with no parking with a ministerial and streamlined application process using the CHIP OC-3 density bonus rules. Of the 63 units, 73% will be market rate. The property can be purchased as a fully entitled 30-unit project with permits already pulled, allowing the buyer to save an estimated $200,000 in fees. The current approved plans feature a six-story, 30-unit residential building totaling approximately 24,000 Sq.Ft., with a unit mix of 15 one-bedroom and 15 two-bedroom units, including 3 Extremely Low Income (ELI) units. The design includes 3,375 Sq.Ft. of open space, highlighted by a 2,580 Sq.Ft. rooftop common area, one level of subterranean parking, and a ground-floor retail space. Alternatively, developers can leverage a multitude of other state and regional density rules, including CHIP OC-3 density bonus laws to significantly increase density, with the potential to build up to 63 units on the 7,998.7 Sq.Ft. lot (to the center of the alley). Located in the heart of prime West Los Angeles, 3641 Motor Avenue offers unbeatable access to top-rated restaurants like Citizen Public Market and Versailles Cuban, vibrant nightlife spots such as Blind Barber and Boardwalk 11, cultural hubs like the Helms Bakery District, and seamless connectivity via the Palms Metro Line Station, making it an ideal destination for tenants seeking a dynamic urban lifestyle.
Location
State CA
County Los Angeles
Area Palms - Mar Vista
Zoning LAC2-1
Exterior
View Y/N Yes
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Others
Special Listing Condition Standard
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Listed by Maher Commercial Realty
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