For Sale - Owner-User/Investment/Development Opportunity in Palms
$6,250,000
3375-3387 Motor Avenue, Los Angeles, CA 90034
9,245 sqft
Building Size
18,540 sqft
Lot Area
Details:
Description:
WESTMAC Commercial Brokerage Company is pleased to present the opportunity to acquire 3375‑3387 Motor Avenue, a corner property comprised of two [2] buildings totaling approximately 9,245 square feet on four [4] parcels totaling approximately 18,540 square feet of land. With ample term left on both leases, a developer can enjoy triple net income while entitling a future development.
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.
This is a rare opportunity to purchase a transit-oriented, residential mixed-use development opportunity. The location benefits from immediate proximity to the 10 and 405 Freeways, Palms Metro E Line Station, as well as proximity to major employers in the surrounding major tech, entertainment and media industries including Sony Pictures Entertainment, Amazon Studios, Apple, Fox Studios, and many more.
Documents:
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Offering Memorandum
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Location
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