3631 Motor Avenue

Los Angeles, CA 90034

$2,900,000
Price
6
Beds
4
Baths
2,793 Sq. Ft.
$1,038 / Sq. Ft.
2,793
Sq. Ft.
$1,038
per Sq. Ft.

Description

Pride of ownership four-unit building on Motor Avenue in the heart of Palms. Three stand-alone homes, each with their own water heaters, mini split air conditioning and heating units, and washer/dryer hook-ups and a fourth unit over the rear garages. The updated front house has two bedrooms and one bath and the unit over the garages also has two bedrooms and one bath. The other two units each have one bedroom and one bathroom and one of the units was recently renovated. Four garage spaces off the...Pride of ownership four-unit building on Motor Avenue in the heart of Palms. Three stand-alone homes, each with their own water heaters, mini split air conditioning and heating units, and washer/dryer hook-ups and a fourth unit over the rear garages. The updated front house has two bedrooms and one bath and the unit over the garages also has two bedrooms and one bath. The other two units each have one bedroom and one bathroom and one of the units was recently renovated. Four garage spaces off the rear alley plus a store room that is used by the owner. Each unit is separately metered for gas and electricity and the owner pays for water and gardener. The lot is 7,500 square feet (50' X 150') to a 20' alley and the zoning is MU-EC (Mixed Use Exposition Corridor), which may allow for significant development opportunities. Buyers are encouraged to check with the city of LA for more information on allowed uses, allowed maximum height, and density bonuses. The property has a Tier 3 TOC designation.
  1. Listed by Daniel John Cavanaugh • DRE #00576151 • Brokerage DRE #00576151 • Cavanaugh Realtors

Property Details for 3631 Motor Avenue

Zoning
MU-EC
Parcel Number
4314008010
Total Units
4.0
Living Area
2793
Source Living Area
Vendor Enhanced
Area
Palms - Mar Vista (C13)
Vacancy Rate
3793
Lot Size Area
7502

Location

Listing Courtesy of Cavanaugh Realtors, Daniel John Cavanaugh, DRE #00576151
Add your commute
LISTING UPDATED: 03/11/2024 11:21 AM

Property Details for 3631 Motor Avenue

StatusActive
MLS #24-362585
Days on Market66
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1942
Lot Size0.17 AC / 7,502 SF
CountyLos Angeles County

Location

Listing Courtesy of Cavanaugh Realtors, Daniel John Cavanaugh, DRE #00576151
Add your commute

Building Information for 3631 Motor Avenue

Stories2Residences-Year Built1942Building Size-Lot Size0.17 AC / 7,502 SF

Payment Calculator

$16,934 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,826

Property Taxes

$1,108

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3631 Motor Avenue

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 4
  • Type Of Units: 3 SFR, 1 apt
Contract Info
Contract Info
  • Disclosures: As Is, Seller/Owner/Principal RE Licensed
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $127,924
  • Net Operating Income: $82,634.00
  • Gross Income: $1,231,880
  • Cap Rate: 2.80%
  • Gross Rent Multiplier: $22.00
  • Vacancy Allow Percent: 3.00%
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 45290
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1725
  • Lot Size Square Feet: 7502
  • Lot Size Dimensions: 50 x 150
  • Source Lot Size Dimensions: Assessor
Parking Details
Parking Details
  • Parking Garage: Door Opener, Garage, Covered Parking
  • Total Parking: 4
  • Covered Parking: 4
  • Garage Spaces Total: 4
  • Parking Features: Garage Door Opener, Garage, Covered
  • Garage Structures Total: 1.0
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling Type: Air Conditioning, Other
  • Heating Type: Other
  • Equipment: Other
  • Laundry: In Unit, Inside
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 02-27-2024
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,940.00
  • Unit Actual Rent: $2,940.00
  • Unit Projected Rent: $2,940.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,550.00
  • Unit Actual Rent: $2,550.00
  • Unit Projected Rent: $2,550.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,550.00
  • Unit Actual Rent: $2,550.00
  • Unit Projected Rent: $2,550.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,950.00
  • Unit Actual Rent: $2,950.00
  • Unit Projected Rent: $2,950.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $211,269.00
  • Assessed Improvement Percent: 20.0
  • Assessed Land Value: $845,092.00
  • Assessed Land Percent: 80
  • Assessed Total Value: $1,056,361.00

Property History for 3631 Motor Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3631 Motor Avenue

Taxable ValueLand$845,092Additions$211,269Total$1,056,361
Tax Record2023$13,294 ($1,108 / month)
Home Facts
Total Finished SqFt2,793 SqFtAbove Grade Finished SqFt2,793 SqFtLot Size7,513 SqFtStyleQuadraplexYear Built1942ZoningLAC2CountyLOS ANGELESAPN4314-008-010

Schools near 3631 Motor Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Palms Elementary School
PublicK to 5

Palms Middle School
Public6 to 8

Alexander Hamilton Senior High School
Public9 to 12

Cheviot Hills Continuation School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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3631 Motor Avenue is a multi-family home for sale in Los Angeles, CA 90034. This property was listed for sale on February 26, 2024 by Cavanaugh Realtors, it's currently listed at $2,900,000. It has been on the market for a total of 66 days and was last sold on February 2, 2012. This listing's school district is Los Angeles Unified School District. Nearby schools include Palms Elementary School, Palms Middle School and Alexander Hamilton Senior High School. 3631 Motor Avenue is a 6-bed, 4-bath, 2,793 sqft multi-family home built in 1942.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Cavanaugh Realtors, Daniel John Cavanaugh, DRE #00576151

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.