3729 Glendon Avenue, Los Angeles, CA 90034

  • $2,220,000
  • $425
3729 Glendon Avenue, Los Angeles, CA 90034
  • Residential
  • Property Type
  • 11
  • Bedrooms
  • 7
  • Bathrooms
  • 0.00
  • Garage
  • 5224.00
  • 1965
  • Year Built
For Sale
3729 Glendon Avenue, Los Angeles, CA 90034
  • $2,220,000
  • $425

Overview

Property ID: SGR-34100245
  • Residential
  • Property Type
  • 11
  • Bedrooms
  • 7
  • Bathrooms
  • 0.00
  • Garage
  • 5224.00
  • 1965
  • Year Built

Description

5.17% CAP, $175K PRICE REDUCTION & OWNER OCCUPIED OPPORTUNITY – potential for a 3-bed unit to be delivered VACANT at close of escrow! First time on the market since 1984, 3729 Glendon Avenue is one of the largest 4-unit apartment buildings located in the highly desirable Palms neighborhood of West LA. This impressive 5,224 sqft building is offered at only $425/sqft and consists of four spacious units: (3) 3Bed+2Bath and (1) 2Bed+1Bath. The upstairs, 3-bed “Owner’s Unit” boasts a larger floorplan, an additional office/4th bedroom, a fireplace, and a front deck. Select units benefit from private decks, dishwashers, walk-in showers, and wall ACs, while Unit 2 has exclusive access to a sizeable 15′ x 35′ outdoor patio. Additional features include an on-site laundry room, (4) tandem parking spaces, gated entry, separate meters for gas and electric, and soft-story retrofit was completed in 2021. 3729 Glendon Avenue currently collects ~$12,000/month and ~$144,000/year with approximately 28% in rental upside via interior/exterior renovations. Once rented at market, the property will operate at a 6.13% CAP and 11.91 GRM. Whether you are a long-term investor or an owner-user looking to take advantage of residential financing, this high-cash flow asset is centrally located near major retail, entertainment, tech, and employment hubs in Silicon Beach, Culver City, Santa Monica, Beverly Hills, and Downtown LA.

  • Address 3729 Glendon Avenue
  • City Los Angeles
  • State/county CA
  • Zip/Postal Code 90034
  • Area C13 - Palms - Mar Vista
  • Country United States

Details

Updated on October 1, 2024 at 11:03 am
  • Property ID: SGR-34100245
  • Price: $2,220,000
  • Property Size: 5224.00 m²
  • Land Area: 5606.00 m²
  • Bedrooms: 11
  • Bathrooms: 7
  • Garage: 0.00
  • Year Built: 1965
  • Property Type: Residential
  • Property Status: For Sale
  • MLS#: SB24152465
  • Office Name: LYON STAHL INVESTMENT REAL ESTATE, INC.
  • Agent Name: Robert Sillman
  • MLS Status: Active
  • Co-Office Name: Lyon Stahl Investment Real Estate, Inc.
  • Co-Agent Name: Cameron Samimi
  • Agent State License: 02145409
  • Co-Agent State License: 02035763
  • IDX Contact Info: bobby@lyonstahl.com

Additional details

  • View: None
  • Sewer: Public Sewer
  • Cooling: Wall/Window Unit(s)
  • County: Los Angeles
  • Property SubType: Quadruplex
  • Parking: 8.00
  • Water Source: Public

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