3347 Motor Ave
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3347 Motor Ave
3,180 SF 100% Leased Office Building Los Angeles, CA 90034 $3,644,080 CAD ($1,145.94 CAD/SF)
EXECUTIVE SUMMARY
WESTMAC Commercial Brokerage Company is pleased to offer for sale 3347 Motor Avenue, an office building in the heart of Los Angeles’s Palms neighborhood. The property is ±3,180 square feet of building on ±3,754 square feet of land. The building features a balcony off the second floor, separate entrances to each unit in the front and the rear, and a gated parking lot with space for approximately eight vehicles (stacked).
The first floor of the property is currently owner-operated. The second floor is leased to a tenant on a month-to-month basis, with 3% annual increases occurring in November. Each floor is approximately 1,700 square feet. An owner-user could continue to lease out the second floor, or occupy the entire space with 60-day
notice to the tenant. Currently, the second floor tenant does not utilize the parking lot.
The location has excellent visibility along Motor Avenue in an area that sees a traffic volume of almost 15,000 cars per day. It has a Walk Score of 89 and a Bike Score of 80—perfect for exploring the many restaurants and shops the neighborhood has to offer. The subject property is a 10-minute walk to the Metro E line, connecting it to Santa Monica, Downtown LA, and beyond. Additionally, there is an on-ramp to the 10 freeway only two minutes from the subject property. The Santa Monica Airport is 10 minutes away, and LAX is less than a 30-minute drive from the property.
The first floor of the property is currently owner-operated. The second floor is leased to a tenant on a month-to-month basis, with 3% annual increases occurring in November. Each floor is approximately 1,700 square feet. An owner-user could continue to lease out the second floor, or occupy the entire space with 60-day
notice to the tenant. Currently, the second floor tenant does not utilize the parking lot.
The location has excellent visibility along Motor Avenue in an area that sees a traffic volume of almost 15,000 cars per day. It has a Walk Score of 89 and a Bike Score of 80—perfect for exploring the many restaurants and shops the neighborhood has to offer. The subject property is a 10-minute walk to the Metro E line, connecting it to Santa Monica, Downtown LA, and beyond. Additionally, there is an on-ramp to the 10 freeway only two minutes from the subject property. The Santa Monica Airport is 10 minutes away, and LAX is less than a 30-minute drive from the property.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
3,180 SF
Building Class
C
Year Built/Renovated
1958/2014
Price
$3,644,080 CAD
Price Per SF
$1,145.94 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,590 SF
Building FAR
0.81
Lot Size
0.09 AC
Zoning
MU(EC) - mixed use commercial zoning
Parking
8 Spaces (2.52 Spaces per 1,000 SF Leased)
AMENITIES
- Central Heating
- Air Conditioning
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Walk Score®
Very Walkable (89)
Bike Score®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Number | 4314-022-017 | Improvements Assessment | $769,800 CAD |
| Land Assessment | $1,710,675 CAD | Total Assessment | $2,480,475 CAD |
PROPERTY TAXES
Parcel Number
4314-022-017
Land Assessment
$1,710,675 CAD
Improvements Assessment
$769,800 CAD
Total Assessment
$2,480,475 CAD
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3347 Motor Ave
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