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3328-3332 Motor Ave - Motor Ave Development Opportunity 0.34 Acres of Commercial Land Offered at $6,760,017 CAD in Los Angeles, CA 90034
Executive Summary
WESTMAC Commercial Brokerage Company is pleased to present the opportunity to acquire 3328-3332 Motor Avenue, a property comprised of two parcels totaling 15,000 square feet of land—an excellent development opportunity in the Palms neighborhood in West LA.
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.
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.
Property Facts
| Price | $6,760,017 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 0.34 AC |
| Property Type | Land | ||
| Zoning | LAC2 - Commercial, Residential | ||
| Price | $6,760,017 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.34 AC |
| Zoning | LAC2 - Commercial, Residential |
1 Lot Available
Lot
| Price | $6,760,017 CAD | Lot Size | 0.34 AC |
| Price Per AC | $19,631,066.85 CAD |
| Price | $6,760,017 CAD |
| Price Per AC | $19,631,066.85 CAD |
| Lot Size | 0.34 AC |
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $5,427,630 CAD | Total Assessment | $5,427,630 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$5,427,630 CAD
Improvements Assessment
$0 CAD
Total Assessment
$5,427,630 CAD
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3328-3332 Motor Ave - Motor Ave Development Opportunity
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