Keller Williams Hollywood Hills - Josana Joseph
1/7
Listing Courtesy Of: Maher Commercial Realty, 310-464-1453, Oron Maher
Local Realty Services Provided By: Keller Williams Beverly Hills
Overview
What It'll Cost
Neighborhood
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$3,400,000
3641 Motor Ave, Los Angeles, CA 90034
.17 ac
$3,400,000

3641 Motor Ave, Los Angeles, CA 90034

Estimation provided by Keller Williams Realty Inc.
.17 ac
Active
For Sale

Property Description

3641 Motor Avenue presents a rare opportunity for developers with multiple options to maximize the site's potential. The site can accommodate the development of 63 units with no parking with a ministerial and streamlined application process using the CHIP OC-3 density bonus rules. Of the 63 units, 73% will be market rate. The property can be purchased as a fully entitled 30-unit project with permits already pulled, allowing the buyer to save an estimated $200,000 in fees. The current approved plans feature a six-story, 30-unit residential building totaling approximately 24,000 Sq.Ft., with a unit mix of 15 one-bedroom and 15 two-bedroom units, including 3 Extremely Low Income (ELI) units. The design includes 3,375 Sq.Ft. of open space, highlighted by a 2,580 Sq.Ft. rooftop common area, one level of subterranean parking, and a ground-floor retail space. Alternatively, developers can leverage a multitude of other state and regional density rules, including CHIP OC-3 density bonus laws to significantly increase density, with the potential to build up to 63 units on the 7,998.7 Sq.Ft. lot (to the center of the alley). Located in the heart of prime West Los Angeles, 3641 Motor Avenue offers unbeatable access to top-rated restaurants like Citizen Public Market and Versailles Cuban, vibrant nightlife spots such as Blind Barber and Boardwalk 11, cultural hubs like the Helms Bakery District, and seamless connectivity via the Palms Metro Line Station, making it an ideal destination for tenants seeking a dynamic urban lifestyle.

Property Details

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Overview
Property Type
Land
Days on Site
34 Days
Parking
No
Josana J at Keller Williams Hollywood Hills
Keller Williams Hollywood Hills
DRE # 02222551

Activity History

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0
Data provided by Keller Williams Realty, Inc.
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Purchase Price: $3,400,000
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Price & Tax History

Date
Event
Price
02/25/2025
Listed
$3,400,000
(+76.62%)
$19,767,442/ac
01/29/2016
Sold
$1,925,000
(+42.59%)
$11,191,860/ac
03/21/2006
Sold
$1,350,000
$7,848,837/ac
Year
Property Tax
Assessed Value
Assessed Value is a combination of the land and additions.
2023
$26,617
(+4.89%)
$2,190,319
Land 2,190,319
2022
$25,376
(+1.16%)
$2,105,267
Land 2,105,267
2021
$25,086
(+2.24%)
$2,105,267
Land 2,105,267
2019
$24,537
(+2.77%)
$2,083,681
Land 2,083,681
2017
$23,875
$2,002,770
Land 1,482,570 + Additions 520,200
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.

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Josana J at Keller Williams Hollywood Hills
Keller Williams Hollywood Hills
DRE # 02222551

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