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3328-3332 Motor Ave - Motor Ave Development Opportunity 0.34 Acres of Commercial Land Offered at $4,950,000 in Los Angeles, CA 90034
Executive Summary
WESTMAC Commercial Brokerage Company is pleased to present the opportunity to acquire 3328-3332 Motor Avenue, a property comprised of two parcels totaling 15,000 square feet of land—an excellent development opportunity in the Palms neighborhood in West LA.
The subject property is located within Los Angeles’s MU(EC) zone (Mixed-use (Exposition Corridor)) and falls under the Exposition Corridor Transit Neighborhood Specific Plan. The Exposition Corridor Transit Neighborhood Specific Plan allows for developers to build to a maximum FAR of 3.6 (w/bonus) or 2.0 FAR (by right), and a maximum height of 58 feet.
The subject property is located within Los Angeles’s MU(EC) zone (Mixed-use (Exposition Corridor)) and falls under the Exposition Corridor Transit Neighborhood Specific Plan. The Exposition Corridor Transit Neighborhood Specific Plan allows for developers to build to a maximum FAR of 3.6 (w/bonus) or 2.0 FAR (by right), and a maximum height of 58 feet.
Property Facts
| Price | $4,950,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 0.34 AC |
| Property Type | Land | ||
| Zoning | LAC2 - Commercial, Residential | ||
| Price | $4,950,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.34 AC |
| Zoning | LAC2 - Commercial, Residential |
1 Lot Available
Lot
| Price | $4,950,000 | Lot Size | 0.34 AC |
| Price Per AC | $14,374,784.02 |
| Price | $4,950,000 |
| Price Per AC | $14,374,784.02 |
| Lot Size | 0.34 AC |
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $3,900,000 | Total Assessment | $3,900,000 |
Property Taxes
Parcel Numbers
Land Assessment
$3,900,000
Improvements Assessment
$0
Total Assessment
$3,900,000
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