3268 Motor Ave 4,225 SF 100% Leased Retail Building Los Angeles, CA 90034 $3,135,792 CAD ($742.20 CAD/SF) 2.41% Cap Rate
INVESTMENT HIGHLIGHTS
- 2 UNITS OCCUPIED ON A MONTH TO MONTH BASIS
- REAR BUILDING HAS TWO FLOORS, ONE FOR MANUFACTURING AND ONE FOR OFFICE/STORAGE
- GREAT OWNER USER OR USE ONE BUILDING AND KEEP ONE TENANT OR KEEP FOR INVESTMENT
EXECUTIVE SUMMARY
3268 Motor Ave presents a prime commercial opportunity with a versatile layout. Zoned M1, the property offers a 1175 sq ft storefront with inviting display windows, a client bathroom, and direct street access. This space is ideal for retail or showroom operations. The second unit is a spacious two-story, 3050 sq ft warehouse/open area which provides ample room for manufacturing, production, or storage, complete with adjoining office space and a separate bathrooms. The combined spaces offer a unique solution for businesses requiring both a visible storefront and functional back-of-house operations. The property is currently leased on a month-to-month basis. The front unit is occupied by a hair salon and the rear unit is leased to a manufacturer. Buyer can keep the existing tenants or vacate the property after the escrow closing. Conveniently located on Motor Avenue near mass transit and freeway access, this property caters to a diverse range of business needs.
Tenant 1 pays $2,583/Mo.
Tenant 2 pays $4,162/Mo.
Tenant 1 pays $2,583/Mo.
Tenant 2 pays $4,162/Mo.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,225 SF
Building Class
C
Year Built
1946
Price
$3,135,792 CAD
Price Per SF
$742.20 CAD
Cap Rate
2.41%
NOI
$75,577 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.08
Lot Size
0.09 AC
Zoning
M1 - Limited Industrial
Parking
1 Space (0.24 Spaces per 1,000 SF Leased)
Frontage
38’ on Motor Ave
AMENITIES
- Conferencing Facility
- Storage Space
- Air Conditioning
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 4314-024-006 | Total Assessment | $1,275,897 CAD |
| Land Assessment | $486,678 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $789,219 CAD | Tax Year | 2024 |
