3347 Motor Ave 3,180 SF 100% Leased Office Building Los Angeles, CA 90034 £1,950,259 (£613.29/SF)

WESTMAC Commercial Brokerage Company is pleased to offer for sale 3347 Motor Avenue, an office building in the heart of Los Angeles’s Palms neighborhood. The property is ±3,180 square feet of building on ±3,754 square feet of land. The building features a balcony off the second floor, separate entrances to each unit in the front and the rear, and a gated parking lot with space for approximately eight vehicles (stacked).
The first floor of the property is currently owner-operated. The second floor is leased to a tenant on a month-to-month basis, with 3% annual increases occurring in November. Each floor is approximately 1,700 square feet. An owner-user could continue to lease out the second floor, or occupy the entire space with 60-day
notice to the tenant. Currently, the second floor tenant does not utilize the parking lot.
The location has excellent visibility along Motor Avenue in an area that sees a traffic volume of almost 15,000 cars per day. It has a Walk Score of 89 and a Bike Score of 80—perfect for exploring the many restaurants and shops the neighborhood has to offer. The subject property is a 10-minute walk to the Metro E line, connecting it to Santa Monica, Downtown LA, and beyond. Additionally, there is an on-ramp to the 10 freeway only two minutes from the subject property. The Santa Monica Airport is 10 minutes away, and LAX is less than a 30-minute drive from the property.