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Chuck Lamm

chuck.lamm@engelvoelkers.com +1(818) 652-2876

$ 2,220,000

Est. payment -/mo

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Price Dropped by $25K

3729 Glendon AVE Los Angeles, CA 90034

11 Beds

7 Baths

5,606 Sqft Lot

UPDATED:

09/30/2024 06:25 PM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB24152465

Bedrooms 11

Full Baths 7

HOA Y/N No

Year Built 1965

Lot Size 5,606 Sqft

Property 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.

Location

State CA

County Los Angeles

Area C13 - Palms - Mar Vista

Zoning LAR3

Rooms

Main Level Bedrooms 11

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Cooling Wall/Window Unit(s)

Fireplaces Type Living Room

Fireplace Yes

Laundry Common Area

Exterior

Garage Carport, Tandem, Uncovered

Pool None

Community Features Biking, Sidewalks

View Y/N No

View None

Parking Type Carport, Tandem, Uncovered

Total Parking Spaces 8

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Dwelling Type Quadruplex

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 4252029028

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Listed by Robert Sillman • Lyon Stahl Investment Real Estate, Inc. • bobby@lyonstahl.com

Chuck Lamm

Broker Associate | License ID: 00857151

+1(818) 652-2876

Chuck Lamm

3729 Glendon AVE Los Angeles, CA 90034

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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3729 Glendon AVE