Listed by WESTMAC
$4,750,000
3375-3387 motor avenue
Details
APN 4314-022-044; 4314-022-045; 4314-022-046 & 4314-022-026
Property Type Retail, Mixed Use
Sub Type Commercial
Square Footage 9,245
NOI $312,996
Occupancy 100%
Tenancy Multi
Brand/Tenant Echo Ceramics, Inc.
Lease Type Net
Year Built 1961
Year Renovated 1989
Buildings 2
Stories 3
Lot Size (SqFt) 18,540
Zoning LAMU(EC) Exposition Corridor Neighborhood Transit Specific Plan
Parking Spaces 27 spaces
Parking per 1,000 SqFt 2.92
Investment Type Owner/User
Retail | 9,245 SqFt
Marketing description
Westmac Commercial Brokerage Company is pleased to present the opportunity to acquire 3375‑3387 Motor Avenue, a corner property comprised of two [2] buildings totaling approximately 9,245 square feet on four [4] parcels totaling approximately 18,540 square feet of land. With ample term left on both leases, a developer can enjoy triple net income while entitling a future development.
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.
This is a rare opportunity to purchase a transit-oriented, residential mixed-use development opportunity. The location benefits from immediate proximity to the 10 and 405 Freeways, Palms Metro E Line Station, as well as proximity to major employers in the surrounding major tech, entertainment and media industries including Sony Pictures Entertainment, Amazon Studios, Apple, Fox Studios, and many more.
Investment highlights
- Built / Renovated 1961 / 1989
- APN 4314-022-044,045,046 & 026
Listing Contacts
Listed by WESTMAC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$312,996.00
$26,083.00/mo
Valuation Metrics
0
DSCR
6.59%
Cap Rate
6.59%
ROI
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