Property Details
About this Property
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
MLS Listing Information
MLS #
CRSB24152465
MLS Source
California Regional MLS
Days on Site
106
Interior Features
Fireplace
Living Room
Laundry
Laundry Area
Cooling
Window/Wall Unit
Exterior Features
Pool
None
Parking, School, and Other Information
Garage/Parking
Carport, Garage: 0 Car(s)
Elementary District
Los Angeles Unified
High School District
Los Angeles Unified
HOA Fee
$0
Zoning
LAR3
Contact Information
Listing Agent
Robert Sillman
Lyon Stahl Investment Real Estate, Inc.
License #: 02145409
Phone: (310) 908-5092
Co-Listing Agent
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
License #: 02035763
Phone: –
Neighborhood: Around This Home
Neighborhood: Local Demographics
Market Trends Charts
Nearby Homes for Sale
3729 Glendon Ave is a Quadruplex in Los Angeles, CA 90034. This 5,224 square foot property sits on a 5,606 Sq Ft Lot and features 11 bedrooms & 7 full bathrooms. It is currently priced at $2,220,000 and was built in 1965. This address can also be written as 3729 Glendon Ave, Los Angeles, CA 90034.
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This listing information is up-to-date as of September 30, 2024. For the most current information, please contact Robert Sillman, (310) 908-5092
