3729 Glendon Avenue, Los Angeles

$2,245,000

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11

Beds

7

Baths

0.13

Acres

Listing Agent
Robert Sillman - Lyon Stahl Investment Real Estate, Inc.

About 3729 Glendon Avenue

$150K PRICE REDUCTION - MOTIVATED SELLERS! 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 $429/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 5.94% CAP and 12.20 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.

Features of 3729 Glendon Avenue

MLS® # SB24095560
Price $2,245,000
Bedrooms 11
Bathrooms 7.00
Acres 0.13
Year Built 1965
Type Residential Income
Sub-Type Quadruplex
Status Active

Community Information

Address 3729 Glendon Avenue
Area C13 - Palms - Mar Vista
City Los Angeles
County Los Angeles
Zip Code 90034

Amenities

Parking Spaces 8
Parking Carport, Tandem, Uncovered
Garages Carport, Tandem, Uncovered
Is Waterfront No
Has Pool No
Pool None

Interior

Cooling Wall/Window Unit(s)
Has Basement No
Fireplace Yes
Fireplaces Living Room
# of Stories 2
Stories Two

Exterior

Lot Description 0-1 Unit/Acre

Additional Information

Date Listed May 10th, 2024
Days on Market 58
Zoning LAR3
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentRobert Sillman
OfficeLyon Stahl Investment Real Estate, Inc.

Listing Map

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