Description

Prime Palms Neighborhood 30 Unit Mixed-Use Development Site

The subject property is a permitted ready-to-issue (RTI) six-story mixed-use development site totaling 24,318 square feet. A total of 30 residential units totaling 24,108 square feet are planned with a unit mix of 15 one-bedroom, 15 two-bedroom plus three extremely low income (ELI) units. One retail space totaling 280 square feet is located on the ground floor. The building has a total of 3,375 square feet of open space including a beautiful rooftop common area totaling 2,580 square feet. One level of subterranean parking is available for residents and guests. The property is located in the Palms neighborhood within 1/2 mile of the Palms Metro Line Station and a short distance to Downtown Culver City.

Property Features:

  • Six-story building
  • Lot size to center of ally: ±7,998.7 square feet
  • Unit mix: 15 one-bedroom units, and 15 two-bedroom units
  • Open space: 3,375 square feet. The roof has 2,580 square feet of the total required open space
  • Project is located within 1/2 mile of the Palms Metro Line Station
  • There is one retail space on the ground floor
  • 3 ELI (extremely low income) units
  • Property is ready to issue (RTI) for a 6-story, 30 unit mixed-use building
  • Roof top open-space
  • One level of subterranean parking with five stories above it and an open rooftop
  • Lobby and retail space

24318
Area Sq-ft

30
Bedrooms

Property ID

3641 Motor Avenue

Property Type

Multifamily

Area

24318 Sq-ft

Status

For Sale

Additional Features

N

los angeles commercial real estate

N

los angeles development

N

los angeles multifamily for sale

N

maher commercial realty

N

multifamily for sale


Agent

Oron Maher

Oron Maher

Director Broker

  • (310) 464-1453
  • OM@MaherCR.com
  • MaherCR.com

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