3729 Glendon Avenue
Los Angeles, CA 90034
- 11 beds
- – baths
- 5,224 sqft
- 5,606 sqft lot
- $424 per sqft
- 1965 build
- – on site
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
Last checked:
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Last updated Oct 7, 2024
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MLS# CRSB24095560 —
This property is listed in more than one place. See it here, and here, and here.
The Building
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Year Built:1965
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Building Area Total:5224
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Building Area Units:Square Feet
Room Dimensions
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Living Area:5224
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Living Area Units:Square Feet
Location
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Directions:Off Venice Blvd at the intersection of Glendon Ave
The Property
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Property Type:Residential Income
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Property Subtype:Quadruplex
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Lot Size Area:0.13
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Lot Size Acres:0.13
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Lot Size SqFt:5606
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Lot Size Units:Acres
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Exterior Features:Other
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Zoning:LAR3
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Parcel Number:4252029028
Listing Agent
- Contact info:
- Agent phone:
- (310) 908-5092
Taxes
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Tax Tract:2718.03
Beds
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Bedrooms Total:11
Heating & Cooling
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Cooling:Wall/Window Unit(s)
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Cooling:true
Appliances
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Laundry Features:Common Area
The Community
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Association:false
Parking
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Garage:false
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Attached Garage:false
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Carport:false
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Parking Total:8
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Parking Features:Tandem
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
9/30/24
Sep 30, 2024
|
Price Changed | BRIDGE | $2,220,000 | -1.1% |
|
7/10/24
Jul 10, 2024
|
Price Changed | BRIDGE | $2,245,000 | -4.5% |
|
6/17/24
Jun 17, 2024
|
Price Changed | BRIDGE | $2,350,000 | -1.9% |
