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Motor

3568 Motor Ave.
Los Angeles, CA 90034

Motor

Excellent Owner/User opportunity for a highly dense and busy retail corridor. Current owner has been operating the three existing businesses in the property for the last ten years. Building is approximately 6,768 S/f divided into three retails spaces (Palms Market/ Palms East Coin Laundry/ Karina’s Dance & fitness Studio Zumba) are also available for sale.

Alternatively, seller desires to do a leaseback for four months to move-out or close the existing businesses.

Terms of possible leaseback or sale of businesses are negotiable between the Buyer and Seller in a separate agreement. This property offers multiple opportunities.

Lot size is 15,000 making it perfect for mixed unit development. (Possible development of 30 units.)
Ample parking spaces. (Approximately 23 parking spaces)

Sold: $4,800,000
Price per unit: $1,566,667

Cap rate: 5.0%
NOI: $235,000
Lot size: 0.34 acres
Building size: 6,768 sf
Year built: 1923
Zoning: LAC2
Market: Palms
Sub market: Culver City
Cross streets: Motor and Tabor