CA > Los Angeles
Los Angeles, CA 90034,3655 Motor Ave
Los Angeles, CA 90034,3655 Motor Ave
Los Angeles, CA 90034,3655 Motor Ave
27
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$5,650,000
Est. payment /mo
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18 Beds
18 Baths
10,050 SqFt
New

3655 Motor Ave Los Angeles, CA 90034

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Jennifer D. Holmes

Jennifer D. Holmes

+1(214) 600-2972

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 10,050 sqft

Price per Sqft $562

MLS Listing ID 25532519

Bedrooms 18

Year Built 2006

Lot Size 7,263 Sqft

Acres 0.1674

Property Sub-Type Multi-Family

Property Description

We are pleased to present for sale 3655 Motor Ave. in Palms Mar Vista of Los Angeles, CA. The offering consists of a 2006 built (defaults to AB-1482) 12 unit apartment building with townhouse-style units. The property has benefitted from a local family of conscientious operators and their portfolio is professionally managed by Lilly Property Management Co. The equal mix of 1BR/1.5BA (6) and 2BR/2.5BA (6) units (ranging from 800 to 900 SF) cater towards a broad rental market. The 1BR's, which account for 50% of all units, may assist in keeping rents paced with the market during turnover. The building is offered at a reasonable 4.90 CAP / 13.40 X with a stabilized 5.20 CAP / 12.90 X. Tenants will have access to in-unit washer/dryers, central HVAC, individual water heaters, private patios, rooftop decks and 22 gated parking spaces. Within close proximity is the E Station of the Metro Line in addition to the 405 and 10 Freeways. Also within close proximity is Downtown Culver City, Hayden Tract and Sony Pictures Studios. According to LA County Planning 2023, Palms Mar Vista had a total population of 112,000 people with an average household income of $105,000. 65% of the population were renters. The offering presents an ideal turn-key opportunity of operational stability with consistent cash flow and predictable long term appreciation. Furthermore, offering potential ADU avenues for the new owner to explore (buyer to verify). The property will make a strong addition to any investor's portfolio whether they're in acquisition mode or simply looking for an immediate and quality 1031 solution. Property is subject to AB-1482. As of May 2025 there are two (2) 1BR/1.5BA vacancies. No other units will be delivered vacant by Seller upon close of escrow, except those occurring naturally. Property to be sold in as-is condition. Please DO NOT walk the property or disturb the tenants. Text/email LA for OM. Showing upon an accepted offer. Please submit proof of funds and pre-approval with offer.

Location

State CA

County Los Angeles

Area Palms - Mar Vista

Zoning LAC2

Rooms

Other Rooms None

Interior

Heating Central

Cooling Central

Equipment Ceiling Fan, Dishwasher, Garbage Disposal, Range/Oven, Refrigerator

Laundry In Unit

Exterior

Parking Features Assigned, Controlled Entrance, Covered Parking, Gated, On street, Private, Side By Side, Tandem

Garage Spaces 22.0

Pool None

Amenities Available None

Waterfront Description None

View Y/N No

View None

Building

Level or Stories Three Or More, Multi/Split

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Lilly Enterprises, Inc.

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Jennifer D. Holmes

Global Real Estate Advisor

+1(214) 600-2972

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