NOT LISTED FOR SALE

3645 Motor Ave Los Angeles, CA 90034

Palms Neighborhood
10 Beds
9 Baths
5,030 Sq Ft
7,511 Sq Ft Lot

Last Sold July 26, 2021

Last sale price $2,265,250 $450 Per Sq Ft

141 Days on Market

Highlights

  • Traditional Architecture
  • Laundry Room
  • 4 Car Garage

About This Home

As of July 2021

Nine unit apartment building in the heart of Palms on rapidly evolving Motor Avenue. Front building consists of eight, one-bedroom units plus a laundry room. The two-bedroom unit is over four single garages at the rear of the lot. Additional income from laundry, garages and billboard. Property is zoned MU (EC) and has a TOC Tier 3 designation which allows for up to 70% density bonus and other development advantages. Great location near Culver City, Cheviot Hills, and the Expo line station in Palms. Property is being sold in "as-is" condition with no representations, warranties, or guaranties from the Seller.

Last Agent to Sell the Property

Dannie Cavanaugh

Cavanaugh Realtors License #00576151 Listed on: 01/25/2021

Last Buyer's Agent

Eho Lin

The Turtle Group Capital, Inc. License #01042425

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 7,511 Sq Ft Lot
  • Lot Dimensions are 50 x 150

Parking

  • 4 Car Garage
  • 2 Open Parking Spaces

Home Design

  • Traditional Architecture

Interior Spaces

  • 5,030 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 9 Bathrooms

Utilities

  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Assessor Parcel Number 4314-008-034

Community Details

Overview

  • 3 Buildings
  • 9 Units

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Style: Traditional
  • Street Number Display: Yes
  • Living Area: 5030
  • Lot Acreage: 0.1724
  • Lot Dimensions: 50 x 150
  • Probate: No
  • Stories: 2
  • Year Built: 1955
  • Number Of Photos: 19
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 10
  • Laundry: Community, Room
  • Total Bathrooms: 9.00
  • Price Per S Q F T: 487.08

Exterior Features

  • Other Structures: None

Garage/Parking

  • Garage Spaces: 4
  • Other Spaces: 2
  • Covered Parking: 4
  • Parking Garage: Garage, Uncovered
  • Total Parking: 6

Utilities

  • Heating: Wall Gas

Lot Info

  • Assessed Improvement Percent: 54.17
  • Assessed Improvement Value: 248733
  • Assessed Land Percent: 45.83
  • Assessed Land Value: 210459
  • Total Assessed Value: 459192
  • Assessor Parcel Number: 4314-008-034
  • Lot Size Area: 7511

Rental Info

  • Total Actual Rent: 149967.00

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 16.30
  • Number Of Units: 9
  • Total Annual Expense: 66088
  • Type Of Units: Apartments
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: $4,174

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2021 07/26/21 Sold $2,265,250 -7.5% $450 / Sq Ft
06/15/2021 06/15/21 Pending -- -- --
05/18/2021 05/18/21 Price Changed $2,450,000 -5.8% $487 / Sq Ft
03/01/2021 03/01/21 For Sale $2,600,000 0.0% $517 / Sq Ft
02/16/2021 02/16/21 Pending -- -- --
01/25/2021 01/25/21 For Sale $2,600,000 -- $517 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Dannie Cavanaugh

    Seller's Agent in 2021

    Dannie Cavanaugh

    Cavanaugh Realtors

    (310) 837-7198

    5 in this area

    90 Total Sales

    Section Image

  • E

    Buyer's Agent in 2021

    Eho Lin

    The Turtle Group Capital, Inc.

    (310) 569-0280

    1 in this area

    3 Total Sales

    Section Image
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Map

Source: The MLS

MLS Number: 21-684138

The MLS

California Los Angeles County Los Angeles 90034 Palms

3645 Motor Ave, Los Angeles, CA

This home is located at 3645 Motor Ave, Los Angeles, CA 90034 since 25 January 2021. This property was built in 1955. 3645 Motor Ave is a home located in Los Angeles County with nearby schools including Palms Elementary School, Palms Middle School, and Alexander Hamilton Senior High School.

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