Keegan Cin | Realtor® | License # DRE 01971604

Property

Los Angeles, CA 90034 3655 Motor Avenue

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Presented By: Matthew Lee with Lilly Enterprises, Inc.;
  • MLS# 25532519
  • 05/08/2025
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  • Beds • 18
  • Baths • 18
  • SQFT • 10,050
  • Garage • 1
  • Year Built • 2006

Home Details

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.
Presented By: Matthew Lee with Lilly Enterprises, Inc.;

Interior Features for 3655 Motor Avenue

Bedrooms

Total Bedrooms18

Bathrooms

Half Baths0
Total Baths18
1/4 Baths
3/4 Baths

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Interior AmenitiesCeilingFans
LivingAreaSourceAssessor
Total Stories

General for 3655 Motor Avenue

Additional Parcels Y/NNo
AppliancesDishwasher, Disposal, Refrigerator
Attached Garage No
Cap Rate4.9
Carport Y/NNo
CityLos Angeles
Community FeaturesGated
CoolingCentralAir
CountyLos Angeles
DirectionsEast of Overland Ave., north of Venice Blvd., west of Jasmine Ave., south of Palms Blvd., on the west side of Motor Ave.
Electric On Property Y/NNo
Entry LocationMain Level
Facing DirectionEast
Full Baths
Garage Y/NYes
Gross Income422124.0
HOANo
HeatingCentral
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsThreeOrMore, MultiSplit
Lot Size Square Feet7263.0
Lot Size UnitsSquareFeet
MLS AreaC13 - Palms - Mar Vista
MobileHomeRemainsYNNo
Net Operating Income277335.0
New ConstructionNo
Number Of Units Total12
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Security FeaturesGatedCommunity, KeyCardEntry
Senior Community Y/NNo
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Tenant PaysElectricity, Gas
ViewNone
Year Built2006
Year Built SourceAssessor
ZoningLAC2

Exterior for 3655 Motor Avenue

Building Area Total10050.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1667
Lot Size Area7263.0
Lot Size SourceAssessor
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesAssigned, ControlledEntrance, Covered, Garage, Gated, Private, OnStreet, SideBySide, Tandem
Private PoolNo
SpaNo
Total Parking22.0
Waterfront Y/NNo

Additional Details

Price History

Alexandra Eston

Sales Associate
Price $5,650,000
MLS#25532519
List Date 05/08/2025
Property Type Multi-Family
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