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3631 Motor Ave, Los Angeles, CA 90034
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3631 Motor Ave Los Angeles, CA 90034

$2,900,000
  • 6 Beds
  • 4 Baths
  • 2,793 Sq.Ft.
For Sale
$2,900,000 Get Pre-Qualified
Map preview of 3631 Motor Ave, Los Angeles, CA 90034

Property Overview: 3631 Motor Ave Los Angeles, CA has 6 bedrooms, 4 bathrooms, 2,793 living square feet and 7,502 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Daniel John Cavanaugh | BRE #00576151 | Cavanaugh Realtors
Last checked: 10 minutes ago | Last updated: March 11th, 2024 | Source CRMLS | DOM: 53
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Home details

Lot Sq. Ft
7,502
HOA Dues
$0/mo
Year built
1942
Garage
4 Car
Property Type:
Multi Family
Status
Active
MLS#
24362585
City
Los Angeles
County
Los Angeles
Time on Site
63 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,550
  • Total Rent: $2,550
  • Pro Forma/Market Rent: $2,550
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,550
  • Total Rent: $2,550
  • Pro Forma/Market Rent: $2,550
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,950
  • Total Rent: $2,950
  • Pro Forma/Market Rent: $2,950
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,940
  • Total Rent: $2,940
  • Pro Forma/Market Rent: $2,940
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 2.8%
  • Gross Rent Multiplier: 22
  • Gross Scheduled Income: --
  • Net Operating Income: $82,634
  • Gross Operating Income: $127,924
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 3631 Motor Ave

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Property Details for 3631 Motor Ave

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Garage Door Opener, Garage, Covered
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 4
  • Parcel Number: 4314008010
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: West side of Motor Avenue, north of Venice, south of Palms
View more facts & features

Local Los Angeles Agent

Sale History for 3631 Motor Ave

Last sold on June 12th, 2014

  • February, 2024

  • Feb 26, 2024

    Date

    Active

    CRMLS: 24362585

    $2,900,000

    Price

  • October, 2020

  • Oct 6, 2020

    Date

    Expired

    CRMLS: 20602280

    $2,595

    Price

  • Jul 29, 2020

    Date

    Withdrawn

    CRMLS: 20602280

    $2,595

    Price

  • Jul 21, 2020

    Date

    Price Change

    CRMLS: 20602280

    $2,595

    Price

  • Jul 10, 2020

    Date

    Active

    CRMLS: 20602280

    $2,750

    Price

  • Listing provided courtesy of CRMLS

    Beautiful and charming bungalow in one of the most desirable areas in Palm/Mar Vista area. 2 bedrooms, 1 full bathroom. Light and airy. Recently remodeled kitchen with stylish cabinets and stainless steel appliances. Mini Split A/C unit in a spacious living room with Recessed lighting. Hardwood floor. Fresh paint. Plenty of closet spaces. Washer and dryer in the unit. No sharing wall. Close proximity to the shops, restaurants, downtown Culver City, Century City, Beverly Hills, Sony Studios, Venice Beach, Business Centers. Fresh paint. A must see!! Feels like home. One covered parking space. A must see!

  • June, 2014

  • Jun 12, 2014

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • February, 2012

  • Feb 14, 2012

    Date

    Sold (Public Records)

    Public Records

    $875,000

    Price

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Tax History for 3631 Motor Ave

Assessed Value (2020): $1,004,933
Year Land Value Improved Value Assessed Value
2020 $803,949 $200,984 $1,004,933

Home Value Compared to the Market

This property vs the competition

3631 Motor Ave is listed 134.63% higher than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $1038.31 per/sqft which puts the price per square foot 34.32% higher than the median price per square foot for the city of Los Angeles.

About 3631 Motor Ave

Detailed summary of property

3631 Motor Ave is a multi family located in Los Angeles, CA 90034 and is currently for sale. This multi family property offers 6 bedrooms, 4 bathrooms, roughly 2,793 living square feet, and sits on an approximately 7,502 square foot lot. 3631 Motor Ave was first listed on ArdentRealEstateGroup.com on February 28, 2024. The homeowner is currently asking $2,900,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 134.63% higher than the median priced home. Local competing homes currently for sale include 2621 Chariton St, 2615 Chariton St and 12028 Venice Blvd. While the average home in Los Angeles, CA is selling in 96 days, 3631 Motor Ave has a days on market of 53 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 3631 Motor Ave Los Angeles, CA 90034 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3631 Motor Ave

Public county record property details
Beds
6
Baths
4
Year built
1942
Sq. Ft.
2,793
Lot Size
7,512
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
4314-008-010

The source for these homes facts are from public records.

90034 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,899,000
Median List Price/Sq.Ft.
$932
Median Sold Price
$1,785,000
Median Sold Price/Sq.Ft.
$1,017
Total Inventory
45
Median Sale to List Price %
99.17%
Avg Days on Market
18
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (7.69%), Other (7.69%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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