FOR SALE

3451 MOTOR AVENUE LOS ANGELES, CA 90034

FEATURES• Project Delivered Permit Ready (Estimated Q1 2019)• Located just north of the signalized corner of Palms

Avenue and Motor Avenue • Within ¼ mile to the Santa Monica 10 Freeway• Within a short walking distance to the Palms Metro

Line Station• Located in a vibrant developing neighborhood with

a variety of walkable retail amenities such as coffee shops, restaurants, health club, etc.

• Two blocks to the corner of Palms and Overland Avenue

Gary W. Berwick, CCIM424.265.9197gary.berwick@avisonyoung.comDRE License 01196537

Lloyd H. Bakan424.265.9194lloyd.bakan@avisonyoung.comDRE License 00914232

For more information please contact:

Multifamily Development

3451 MOTOR AVENUE LOS ANGELES, CA 90034

PROPERTY PROFILEAsking Price $4,675,000

Land Size 7,500 SFZoning LA-C2-1APN: 4314-017-008

• Six (6) story multifamily development

• Project size: 18,875 SF• 30 residential units (avg. unit size ±

620 SF)• 375 SF ground floor retail• Parking on ground floor &

subterranean level• Total parking spaces: 28• Clean environmental report• Traffic count is 35,000 vehicles per

day (Motor Ave. & Palm Ave.)

33.5% Age Between 25 to 44

90.7% HS Graduate or Higher

56.6% Bachelor’s Degree or Higher

POPULATION

312,383

MEDIAN HOME VALUE

$939,812

MEDIAN AGE

38.2

DEMOGRAPHICS

3 Miles

MEDIAN HOUSEHOLD

INCOME

$77,524

1-BDRM

2nd Floor 63rd Floor 64th Floor 65th Floor 66th Floor 6

TOTAL 30

UNIT COUNT

Floor Square Feet

Ground Floor Retail 375 SF2nd Floor 3,700 SF3rd Floor 3,700 SF4th Floor 3,700 SF5th Floor 3,700 SF6th Floor 3,700 SF

TOTAL 18,875 SF

FLOOR AREA

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and 2023 Esri converted Census 2000 data into 2010 geography.

Property Information - 14936-14942 Ventura Blvd

SAMPLE FLOOR PLANS

Motor Ave

Palm

s Blv

dProperty Information - 14936-14942 Ventura Blvd

AVISON YOUNG | 3451 Motor Ave

Transit Oriented Communities Affordable Housing Incentive Program

Pursuant to the voter-approved Measure JJJ, Los Angeles Municipal Code (LAMC) 12.22 A.31 was added to create the Transit Oriented Communities (TOC) Affordable Housing Incentive Program (TOC Program). The Measure requires the Department of City Planning to create TOC Affordable Housing Incentive Program Guidelines (TOC Guidelines) for all Housing Developments located within a one-half mile radius of a Major Transit Stop.

These Guidelines provide the eligibility standards, incentives, and other necessary components of the TOC Program consistent with LAMC 12.22 A.31. In cases where Base or Additional Incentives are permitted, they shall be based off the otherwise allowable development standards for the property found in a zoning ordinance, Specific Plan, Community Plan Implementation Overlay (CPIO), overlay district, or other local condition, law, policy, resolution, or regulation (unless the TOC incentives have been amended per Section III.3). The Guidelines may be modified by the Director with recommendation by the City Planning Commission.

TOC Guidelines

3451MOTOR AVENUE, LOS ANGELES, CA

LOCATION MAP

Purple Line Extension(2023-2024)

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PasadenaPasadena

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RegionalConnector(2021)

Metro Blue LineMetro Gold LineMetro Red LineMetro Orange LineMetro Green LineMetro Purple LineMetro Expo Line

Each person that receives or reviews this Marketing Brochure (the “Brochure”) agrees as follows: The Brochure and all information contained therein is unverified (and will not be verified by AY (defined below)), is for informational purposes only and is not prepared to nor does it contain any representations or warranties by Avison Young or its brokers/representatives (collectively, “AY”) in any respect. The fact of the Brochure and the information contained therein is not and is not intended to be constitute “due diligence” material and is not a substitute for a thorough due diligence investigation by any interested party and the interested party’s consultations and reliance upon the investigations of its own and by its own legal, financial, accounting/tax and construction/development advisors. Further, AY has not made any investigation, and makes no warranty or representation, generally with respect to the matters referenced in the Brochures and/or concerning the property referenced therein, the accuracy or completeness of the information in the Brochure (or otherwise which could affect same) and/or, and without limitation, concerning the income or expenses for the subject property, the future projected financial performance of the property or its lessees, the size and square footage of the property and improvements, any land use, permitted use or zoning/entitlement/code compliance issues, the presence or absence of Hazardous Substances (including, without limitation, any contaminating substances, PCB’s or asbestos), the compliance of the property or by ownership and/or occupants of the Property with State and Federal regulations, the physical condition of the property’s improvements, the efficacy and/or effect of any public or private records and/or agreements regarding the property in any respect, the equipment and/or building systems, the financial condition or business prospects of any lessee or any lessee’s plans/intent to vacate any premises, renew any lease or exercise any options, if any, etc. Any person interested in the property is obligated to independently verify and investigated all information material to their decision to proceed in any manner concerning or related to the property.

SITE

Gary W. Berwick, CCIM424.265.9197gary.berwick@avisonyoung.comDRE License 01196537

Lloyd H. Bakan424.265.9194lloyd.bakan@avisonyoung.comDRE License 00914232

For more information please contact: