3328-3332 Motor Ave - Motor Ave Development Opportunity
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3328-3332 Motor Ave - Motor Ave Development Opportunity
0.34 Acres of Commercial Land Offered at £6,672,423 in Los Angeles, CA 90034
Investment Highlights
- Tier 3 property
Executive Summary
The property benefits from development incentives offered by the local zoning guidelines. Specifically, due to the Tier 3 status of this property, the City allows for a higher density or Floor Area Ratio commonly referred to as “FAR” in the Real Estate development industry. Due to the proximity of the subject property to the Major Transit Stop, it is considered to me within a Tier 3 property. A Tier 3 property benefits form percentage increase of up to 50%, or an FAR increase resulting in at least a 3.75:1 FAR in commercial zones, whichever is greater.
Property Facts
| Price | £6,672,423 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 0.34 AC |
| Property Type | Land |
| Price | £6,672,423 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.34 AC |
1 Lot Available
Lot
| Price | £6,672,423 | Lot Size | 0.34 AC |
| Price Per AC | £19,376,695 |
| Price | £6,672,423 |
| Price Per AC | £19,376,695 |
| Lot Size | 0.34 AC |
The lot is approximately 15,000+ S.F. This provides bonuses in FAR for prospective investors in Apartments. Adjacent to Cheviot Hills and Culver City.
Description
The property is located in a Transit Oriented Community or TOC in the City of Los Angeles.
Walk Score ®
Very Walkable (89)
Bike Score ®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £97,707 | |
| Land Assessment | £674,755 | Total Assessment | £772,462 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£674,755
Improvements Assessment
£97,707
Total Assessment
£772,462
zoning
| Zoning Code | LAC2 (Light Agricultural, Commercial, Residential) |
| LAC2 (Light Agricultural, Commercial, Residential) |
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Zach Deutsch - Zachary I. Deutsch
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Zachary I. Deutsch
3328-3332 Motor Ave - Motor Ave Development Opportunity
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