3641 Motor Avenue 4314008012
Los Angeles, CA, 90034
$2,995,000
Beds
0 Baths
SqFt
0.17 Acres
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Seller is motivated and will consider all reasonable offers. 3641 Motor Avenue is a rare, ready-to-go development opportunity in prime West Los Angeles. The property is fully entitled for a 30-unit, six-story mixed-use project with permits already pulled saving the buyer an estimated $200,000+ in permit fees and months of time. Approved plans call for approximately 24,000 SF, including 15 one-bedroom and 15 two-bedroom units (3 ELI units), 3,375 SF of open space (featuring a 2,580 SF rooftop deck), one level of subterranean parking, and ground-floor retail. Developers also have the option to dramatically increase density: under CHIP OC-3 and other state/local housing incentives, the site can accommodate up to 63 units with no parking through a ministerial, streamlined process 73% of which can be market rate. The flexibility between the current RTI plans and higher-density alternatives provides multiple exit strategies. Located near the Palms Metro Line Station, Helms Bakery District, Citizen Public Market, and top-tier restaurants, this high-visibility Motor Avenue site offers strong demand drivers and easy access to the 10 and 405 freeways.

Property Details

Price:
$2,995,000
MLS #:
25503027
Status:
Active
Baths:
0
Address:
3641 Motor Avenue 4314008012
Type:
Land
Neighborhood:
c13palmsmarvista
City:
Los Angeles
Listed Date:
Feb 25, 2025
State:
CA
ZIP:
90034
Lot Size:
7,499 sqft / 0.17 acres (approx)
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3641 Motor Avenue 4314008012
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