This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
3657 Motor Ave
Los Angeles, CA 90034
Motor + Venice · Land For Sale
·
0.34 AC
Property Facts
| Property Type | Land | Proposed Use | Apartment Units |
| Property Subtype | Commercial | Total Lot Size | 0.34 AC |
| Zoning | LAC2 | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.34 AC |
| Zoning | LAC2 |
Description
Motor + Venice offers the opportunity to utilize the C2 zoning and Tier 3 Transit-Oriented Community (“TOC”) designation to build 63 multifamily residences over retail. Additional TOC incentives include increased FAR, reduced parking requirements, and increased height allowances, which dramatically improve the overall efficiency of the project’s design and reduce the associated construction cost to build it. The completed project would attract young professionals seeking high-end boutique living without the congested feel of large developments.
Property Taxes
| Parcel Number | 4314-008-051 | Improvements Assessment | $25,970,000 |
| Land Assessment | $6,288,464 | Total Assessment | $32,258,464 |
Property Taxes
