3729 Glendon Avenue Los Angeles, CA 90034
11
Beds
7
Baths
5,224
Sqft
5,606
Sqft lot
0.13
Acre lot
$2,220,000
Est.$8,175 / mo.*
Status:
Active
Property Type:
Quadruplex
Year Built:
1965
Days on Website:
92
Listing courtesy of Robert Sillman (CalBRE#02145409), Lyon Stahl Investment Real Estate, Inc. {attribution_contact}
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.Property Details and Features
Bathrooms
- 7 total bathrooms
- 7 full bathrooms
- 7 bathrooms on main level
Bedrooms
- 11 bedrooms
- 11 bedrooms on main level
Building
- 5224.00 living sqft
- Common walls: 2+ Common Walls
- Levels: Two
- 2 stories
- Entry level: 1
- Built in 1965
- Entry location: 1
Community
- Biking
- Sidewalks
Cooling
- Wall/Window Unit(s)
Fireplaces
- Living Room
Water Features
- Water source: Public
Laundry
- Common Area
Listing
- Listing ID: SB24152465
- 424.96 per sqft
- 89 days on market
Location
- MLS area: C13 - Palms - Mar Vista
- County: Los Angeles
Lot
- 0-1 Unit/Acre
- 0.1287 acres
- 5,606 sqft
Parking
- 8 spaces
- 8 uncovered spaces
- Carport
- Tandem Uncovered
Property
- Zoning: LAR3
- Property is attached
Schools
- High school district: Los Angeles Unified
Sewer
- Public Sewer