3655 Motor Ave

Los Angeles CA 90034

10050 sq. ft.

7263 sq. ft.

Other

Last sold for $4,780,000

Matthew Lee, last sold this property on 17 June 2025 after 39 days on market.

Overview

We are pleased to present for sale 3655 Motor Ave. in Palms Mar Vista of Los Angeles, CA. The offering consists of a 2006 built (defaults to AB-1482) 12 unit apartment building with townhouse-style units. The property has benefitted from a local family of conscientious operators and their portfolio is professionally managed by Lilly Property Management Co. The equal mix of 1BR/1.5BA (6) and 2BR/2.5BA (6) units (ranging from 800 to 900 SF) cater towards a broad rental market. The 1BR's, which account for 50% of all units, may assist in keeping rents paced with the market during turnover. The building is offered at a reasonable 4.90 CAP / 13.40 X with a stabilized 5.20 CAP / 12.90 X. Tenants will have access to in-unit washer/dryers, central HVAC, individual water heaters, private patios, rooftop decks and 22 gated parking spaces. Within close proximity is the E Station of the Metro Line in addition to the 405 and 10 Freeways. Also within close proximity is Downtown Culver City, Hayden Tract and Sony Pictures Studios. According to LA County Planning 2023, Palms Mar Vista had a total population of 112,000 people with an average household income of $105,000. 65% of the population were renters. The offering presents an ideal turn-key opportunity of operational stability with consistent cash flow and predictable long term appreciation. Furthermore, offering potential ADU avenues for the new owner to explore (buyer to verify). The property will make a strong addition to any investor's portfolio whether they're in acquisition mode or simply looking for an immediate and quality 1031 solution. Property is subject to AB-1482. As of May 2025 there are two (2) 1BR/1.5BA vacancies. No other units will be delivered vacant by Seller upon close of escrow, except those occurring naturally. Property to be sold in as-is condition. Please DO NOT walk the property or disturb the tenants. Text/email LA for OM. Showing upon an accepted offer. Please submit proof of funds and pre-approval with offer.

Features

18 bedrooms

18 bathrooms

22 carspaces

1 garage space

10050 sq. ft. floor area

7263 sq. ft. lot size

Other

Estimated Value

We need at least 3 similar 18 bedroom other properties sold in Los Angeles over the last 12 months.

Property history for 3655 Motor Ave

2025

Sold

$4,780,000

17 Jun 2025 by Matthew Lee, of Lilly Enterprises, Inc.

2015

Sold

$1,246,524

03 Nov 2015

2015

Sold

$4,600,000

03 Nov 2015 by Sally Forster Jones, of Compass

Happy sellers in Los Angeles

We have insufficient information to provide an overview of customer satisfaction for Los Angeles. Viewing the agent profiles, reviews and sales for Los Angeles can provide insights for this location.