Office Building in Heart of Los Angeles’s Palms | FOR SALE

Highlights:

• Prime Location: The property is located on Motor Avenue in the thriving Palms neighborhood. The Metro E Line and 10 freeway are minutes away, making the property very accessible from all over Los Angeles.
• Owner-User Opportunity: Half of the building is currently owner operated. The second floor is leased to a tenant on a month-to-month basis. An owner-user could use the entire space, or continue leasing to the tenant for an additional income.
• Flexible Space: The property is two stories, with a separate entrance in the front and the rear for both units, offering flexibility for an owner-user.
• High Net Worth Area: Palms is a neighborhood with both vibrant commercial areas as well as dense residential neighborhoods populated by high net worth individuals. The average annual income within a one-mile radius of the subject property is approximately $120,000.
• Area Amenities: Given the subject property’s central location, it is convenient to a long list of amenities, including grocery stores, restaurants, boutiques, coffee shops, and more.

Description:

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.

The Palms neighborhood of Los Angeles is a mix of vibrant commercial areas and residential streets. It lies north of Culver City, with Beverlywood, Cheviot Hills, and Rancho Park to the north, and Mar Vista to the west. It is home to an affluent population with an average household income of approximately $120K within a one-mile radius and a median home value of $1.1M in the same radius.

With its prime location, 3347 Motor Avenue offers a rare opportunity for businesses looking to establish a presence in one of the most dynamic and bustling commercial hubs of Los Angeles.

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