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Palms Cafe Opportunity w/Warehouse + Apt. 3264 Motor Ave 2,740 SF Retail Building Los Angeles, CA 90034 $1,900,000 ($693.43/SF)
INVESTMENT HIGHLIGHTS
- Front Retail Space has a Certificate of Occupancy: Cafe/Retail Uses
- Private Rear Patio Between Both Structures - 2 Meters w/Upgraded Power
- Property Could Be Delivered Vacant or Lease-back Mutually Agreed Upon
- High-ceilings {13.5 Feet} - Warehouse Approximately 1,025 SF w/ 16.5' X 10.5' Ground-level Roll Up Door
- 2nd Floor: 1-bedroom, 1-bathroom apartment / Approximately 750 SF - Vacant
EXECUTIVE SUMMARY
Kidder Mathews has been retained as the Exclusive Agent representing two free-standing buildings, next to the intersection of National Blvd and Motor Avenue. Situated adjacent to the Santa Monica Freeway in the heart of Palms Submarket. Both buildings are currently being used a single-tenant property, with the total rentable square footage on the ground-floor currently being used as an Art School for the last 2 decades (approximately +/- 2,100 square feet). The 2nd floor apartment which is approximately 750 square feet is currently vacant and in rentable turnkey condition. The property features a driveway along the southern portion of the parcel providing several secured parking spaces. The buildings are divisible with two separate electrical meters. The premises could be delivered vacant at the close of escrow or Seller would entertain a short-term leaseback period after closing.
Ideal headquarter location with a live/work component for an owner-user, who could purchase with highly leveraged SBA or Conventional financing.
Ideal headquarter location with a live/work component for an owner-user, who could purchase with highly leveraged SBA or Conventional financing.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,740 SF
Building Class
B
Year Built/Renovated
1951/2008
Price
$1,900,000
Price Per SF
$693.43
Tenancy
Single
Building Height
2 Stories
Building FAR
0.90
Lot Size
0.07 AC
Zoning
NI(EC) -Hybrid Industrial - Certificates of Occupancy (front building) retail/cafe/restaurant ground-floor uses (rear building) Light Industrial uses
Parking
4 Spaces (1.46 Spaces per 1,000 SF Leased)
Frontage
35’ on Motor Avenue
AMENITIES
- Courtyard
- Signage
Walk Score®
Very Walkable (88)
Bike Score®
Very Bikeable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 4314-024-005 | Improvements Assessment | $870,856 |
| Land Assessment | $602,897 | Total Assessment | $1,473,753 |
PROPERTY TAXES
Parcel Number
4314-024-005
Land Assessment
$602,897
Improvements Assessment
$870,856
Total Assessment
$1,473,753
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Palms Cafe Opportunity w/Warehouse + Apt. | 3264 Motor Ave
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