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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 building consists of two floors of approximately 1,700 square feet each. The first floor is currently owner-
occupied, while the second floor is vacant. The property will be delivered fully vacant at the close of escrow,
allowing an owner-user to take advantage of the entire building.
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 building consists of two floors of approximately 1,700 square feet each. The first floor is currently owner-
occupied, while the second floor is vacant. The property will be delivered fully vacant at the close of escrow,
allowing an owner-user to take advantage of the entire building.
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
$2,200,000
Price Per SF
$691.82
Percent Leased
100%
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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Moderately walkable
70/100
Exceptionally drivable
90/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 4314-022-017 | Improvements Assessment | $551,634 |
| Land Assessment | $1,225,859 | Total Assessment | $1,777,493 |
Property Taxes
Parcel Number
4314-022-017
Land Assessment
$1,225,859
Improvements Assessment
$551,634
Total Assessment
$1,777,493
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3347 Motor Ave
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