WESTMAC Commercial Brokerage Company has arranged the sale of 3424, 3428, and 3440 Motor Avenue in Los Angeles, California for $12,000,000.
3424, 3428, and 3440 Motor Avenue sold to a developer in three separate transactions; 3424 Motor: $3,750,000; 3428 Motor: $3,750,000; 3440 Motor: $4,500,000. The parcels comprise +/-36,864 square feet of developmental land with +/-23,570 square feet of leased improvements in Los Angeles’ Palms neighborhood. The properties are commercial zoned land for mixed-use.
“These properties present an exciting opportunity for mixed-use development,” said T.C. Macker. “This sale underscores the potential for growth and investment in this dynamic neighborhood and the dire need for more housing.”
T.C. Macker, CCIM, of WESTMAC Commercial Brokerage Company was the broker on this transaction.