Property listed by Cavanaugh Realtors, Daniel John Cavanaugh 310-837-7161
$2,900,000
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… Read More 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. Read Less
Listing Snapshot
Days Online
533
Last Updated
Property Type
Other
Beds
6
Square Ft.
2,793
Lot Size
0.17 Acres
Year Built
1942
MLS Number
24362585
30 Days Snapshot Of 90034
$2.15M
+26%
(avg) sold price
15
+50%
homes sold
61
+22%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1942, Building area total: 2,793, Levels: MultiSplit, Living area: 2793, 4 buildings
Garage
4 spaces
Income
Gross income: $132,540, Net operating income: $83,274
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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