3641 Motor Ave, Los Angeles, CA 90034 - View 1
3641 Motor Ave, Los Angeles, CA 90034 - View 2
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3641 Motor Ave, Los Angeles, CA 90034

List Price: $2,995,000On Market FlagOn market
Feb 25, 20253,001 sqft4 beds0 baths
Listed by: Oron Maher
License #: 01299093
Phone #: 310-464-1453
Maher Commercial Realty
Source:
CRMLS Logo
MLS #: 25503027

Property Description

Seller Will Consider All Reasonable Offers. 3641 Motor Avenue presents a rare opportunity for developers with multiple options to maximize the site's potential. The site can accommodate the development of 63 units with no parking with a ministerial and streamlined application process using the CHIP OC-3 density bonus rules. Of the 63 units, 73% will be market rate. The property can be purchased as a fully entitled 30-unit project with permits already pulled, allowing the buyer to save an estimated $200,000 in fees. The current approved plans feature a six-story, 30-unit residential building totaling approximately 24,000 Sq.Ft., with a unit mix of 15 one-bedroom and 15 two-bedroom units, including 3 Extremely Low Income (ELI) units. The design includes 3,375 Sq.Ft. of open space, highlighted by a 2,580 Sq.Ft. rooftop common area, one level of subterranean parking, and a ground-floor retail space. Alternatively, developers can leverage a multitude of other state and regional density rules, including CHIP OC-3 density bonus laws to significantly increase density, with the potential to build up to 63 units on the 7,998.7 Sq.Ft. lot (to the center of the alley). Located in the heart of prime West Los Angeles, 3641 Motor Avenue offers unbeatable access to top-rated restaurants like Citizen Public Market and Versailles Cuban, vibrant nightlife spots such as Blind Barber and Boardwalk 11, cultural hubs like the Helms Bakery District, and seamless connectivity via the Palms Metro Line Station, making it an ideal destination for tenants seeking a dynamic urban lifestyle.
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$34,992

TurboHome Estimated Value

$2,663,900

$888 sqft

High Valuation
$2,797,095
$932/sqft
Normal Valuation
$2,663,900
$888/sqft
Low Valuation
$2,530,705
$843/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$888/sqft$2,663,900

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