3424, 3428, and 3440 Motor Avenue sold to a developer in three separate transactions.
LOS ANGELES, CA, October 05, 2023 /24-7PressRelease/ — 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.
About WESTMAC Commercial Brokerage Company
WESTMAC Commercial Brokerage Company is a Los Angeles based commercial real estate brokerage firm founded in 1988 by one of L.A.’s most recognized commercial real estate brokers Timothy C. Macker. Our firm is a full-service real estate company that provides exemplary consultation, advisory and marketing services to property owners, users, developers and investors. From 2001 until 2018, the company was affiliated and a franchisee of Coldwell Banker Commercial before returning to its roots, as WESTMAC Commercial Brokerage Company.
Our 30+ professionals specialize in four distinct market niches: office, industrial, retail and multi-family properties. Among the primary services the firm provides are exclusive marketing of both for-sale and for-lease properties, representation of tenants seeking to lease commercial space, and consultation to real estate investors, developers and owners on the disposition or acquisition of commercial property.
Our standard is “The client’s best interest must be the guiding force behind all services.”
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