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3645 Motor Ave, Los Angeles, CA 90034
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3645 Motor Ave Los Angeles, CA 90034

$2,265,250 Sold Price as of 07/26/2021
  • 10 Beds
  • 9 Baths
  • 5,030 Sq.Ft.
Sold
$2,265,250 Sold Price as of 07/26/2021 Refinance Your Mortgage
Map preview of 3645 Motor Ave, Los Angeles, CA 90034

Property Overview: 3645 Motor Ave Los Angeles, CA has 10 bedrooms, 9 bathrooms, 5,030 living square feet and 7,511 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Nine unit apartment building in the heart of Palms on rapidly evolving Motor Avenue. Front building consists of eight, one-bedroom units plus a laundry room. The two-bedroom unit is over four single garages at the rear of the lot. Additional income from laundry, garages and billboard. Property is zoned MU (EC) and has a TOC Tier 3 designation which allows for up to 70% density bonus and other development advantages. Great location near Culver City, Cheviot Hills, and the Expo line station in Palms. Property is being sold in "as-is" condition with no representations, warranties, or guaranties from the Seller.

Listed by Daniel John Cavanaugh | BRE #00576151 | Cavanaugh Realtors
Last checked: 8 minutes ago | Last updated: November 18th, 2022 | Source CRMLS | DOM: 138

Home details

Lot Sq. Ft
7,511
HOA Dues
$0/mo
Year built
1955
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
21684138
City
Los Angeles
County
Los Angeles
Time on Site
1209 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $10,112
  • Total Rent: $10,112
  • Pro Forma/Market Rent: $13,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,483
  • Total Rent: $1,483
  • Pro Forma/Market Rent: $1,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 16.3
  • Gross Scheduled Income: --
  • Net Operating Income: $79,705
  • Gross Operating Income: $145,793
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 3645 Motor Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • Has Laundry
  • Community, Individual Room
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Garage, Uncovered
Property Information
  • Total # of Units: 9
  • Parcel Number: 4314008034
  • Architectural Style: Traditional
Location / Neighborhood
Location Information
  • Directions: North of Venice Blvd., between Regent Street and Tabor Street, on the west side of Motor Avenue
View more facts & features

Local Los Angeles Agent

Sale History for 3645 Motor Ave

Last leased for $1,860 on June 27th, 2022

  • June, 2022

  • Jun 27, 2022

    Date

    Leased

    CRMLS: 22168841

    $1,860

    Price

  • Jun 16, 2022

    Date

    Active

    CRMLS: 22168841

    $1,880

    Price

  • Listing provided courtesy of CRMLS

    Upper floor, corner 1 bedroom 1 bath with lots of natural light. Vinyl plank flooring throughout. Simple, cozy living. Tenant pays $35/mo. water charge. A new refrigerator will be provided, however, tenant shall be responsible for its maintenance.

  • September, 2021

  • Sep 18, 2021

    Date

    Price Change

    CRMLS: 21773018

    $1,880

    Price

  • Aug 15, 2021

    Date

    Active

    CRMLS: 21773018

    $1,900

    Price

  • Listing provided courtesy of CRMLS

    Upper floor, corner 1 bedroom 1 bath with lots of natural light. Vinyl plank flooring throughout. Simple, cozy living. Tenant pays $35/mo. water charge. A new refrigerator will be provided, however, tenant shall be responsible for its maintenance.

  • July, 2021

  • Jul 29, 2021

    Date

    Sold

    CRMLS: 21684138

    $2,265,250

    Price

  • Jul 23, 2021

    Date

    Pending

    CRMLS: 21684138

    $2,450,000

    Price

  • Jun 18, 2021

    Date

    Active Under Contract

    CRMLS: 21684138

    $2,450,000

    Price

  • May 18, 2021

    Date

    Price Change

    CRMLS: 21684138

    $2,450,000

    Price

  • Mar 2, 2021

    Date

    Active

    CRMLS: 21684138

    $2,600,000

    Price

  • Feb 18, 2021

    Date

    Active Under Contract

    CRMLS: 21684138

    $2,600,000

    Price

  • Jan 28, 2021

    Date

    Active

    CRMLS: 21684138

    $2,600,000

    Price

  • July, 2006

  • Jul 20, 2006

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 3645 Motor Ave

Assessed Value (2020): $487,296
Year Land Value Improved Value Assessed Value
2020 $223,340 $263,956 $487,296

Home Value Compared to the Market

This property vs the competition

3645 Motor Ave sold on July 26, 2021 for 105.88% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $487.08 per/sqft which puts the price per square foot 35.49% lower than the current median sale per square foot for the city of Los Angeles.

About 3645 Motor Ave

Detailed summary of property

3645 Motor Ave is a multi family that recently sold in Los Angeles, CA 90034. This multi family property offered 10 bedrooms, 9 bathrooms, roughly 5,030 living square feet, and sits on an approximately 7,511 square foot lot. 3645 Motor Ave was first listed on ArdentRealEstateGroup.com on January 28, 2021. The homeowner sold the property for $2,265,250. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 105.88% higher than the current median priced home. Local homes that are currently for sale include 12413 Westminster Ave, 2620 S Barrington Ave and 1138 Cardiff Ave. While the average home in Los Angeles, CA is selling in 93 days, 3645 Motor Ave has a days on market of 138 days. There are currently 3718 homes for sale in the Los Angeles real estate market and 2495 of them are single family homes while 1123 of them are condos and 94 are townhomes. For more information on this home for sale at 3645 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 3645 Motor Ave

Public county record property details
Beds
10
Baths
9
Year built
1955
Sq. Ft.
5,030
Lot Size
7,510
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
9
APN
4314-008-034

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.
$925
Median Sold Price
$2,079,000
Median Sold Price/Sq.Ft.
$899
Total Inventory
42
Median Sale to List Price %
100%
Avg Days on Market
27
Loan Type
Conventional (0%), FHA (0%), VA (5.88%), Cash (5.88%), Other (11.76%)

Thinking of Selling?

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(714) 706-1823

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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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