3641 Motor Ave - Residential LAND FOR SALE


Los Angeles, CA 90034- Palms7,501 SF
$3,400,000 USD
415-378-5464
3641 Motor Ave, Los Angeles, CA for Sale
$3,400,000 USD
Residential LAND - FOR SALE
1/7
7,501 SF

3641 Motor Ave
Los Angeles, CA 90034
Palms


HIGHLIGHTS

  • Build up to 63 Units using new CHIP OC-3 density bonus rules. Only $54,000 per Buildable Door in Prime West LA.
  • Property is fully entitled and permits ALREADY PULLED for a 30-unit, 24,000 sq.ft. project
  • Over $200,000 value in having permits already pulled.  Permits to be assigned to Buyer at close of escrow.
  • Existing plans can be scrapped in favor of utilizing a CHIP-OC3 density bonus o maximize density to up to 63 units
  • Lot measures 7,998.7 square feet to the center of the alley
  • Great location with 0.5 miles of the Palms Metro Line Station and access to top-rated restaurants like Citizen Public Market and Versailles

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/ACRE

$19,749,833/AC

PRICE/SF

$453 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

3641 Motor Avenue

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Apartment Units

LAND ACRES

0.17 AC

LAND SF

7,499 SF

OFFSITE IMPROVEMENTS

-

ZONING

C2-1

APN/PARCEL ID

4314-008-012

ASK ABOUT THIS PROPERTY

Oron MaherMaher Commercial RealtyMore Info
415-378-5464

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Oron MaherMaher Commercial RealtyMore Info
415-378-5464

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