3729 Glendon Ave - Apartments FOR SALE


Los Angeles, CA 90034- West Los Angeles
$2,195,000 USD
310-908-5092
3729 Glendon Ave, Los Angeles, CA for Sale
$2,195,000 USD
Apartments - FOR SALE
1/19
null | 5.23% Cap Rate

3729 Glendon Ave
Los Angeles, CA 90034
West Los Angeles


HIGHLIGHTS

  • Massive 5,224 sqft building offered at only $425/sqft and consisting of four spacious units: (2) 3Bed+2Bath and (1) 2Bed+1Bath!
  • 3-bed "Owner's Unit" boasts a larger floorplan, an additional office/4th bedroom, a fireplace, and a front deck!
  • On-site laundry room, (4) tandem parking spaces, gated entry, separate meters for gas and electric, and soft-story retrofit was completed in 2021!
  • Currently collecting ~$12,000/month and ~$144,000/year with approximately 28% in rental upside via interior/exterior renovations!
  • Highly desirable Palms neighborhood of West LA - centrally located near major retail, entertainment, tech, and employment hubs!
  • OWNER OCCUPIED OPPORTUNITY - potential for a 3-bed unit to be delivered VACANT at close of escrow!

OVERVIEW

3-Bed VACANT at the end of the month! 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.

FOR SALE DETAILS

PRICE

$2,195,000 USD

PRICE/SF

$420 USD /SF

# OF UNITS

4

PRICE/UNIT

$548,750

CAP RATE

5.23%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,606 SF

ZONING

LAR3

APN/PARCEL ID

4252-029-028

ASK ABOUT THIS PROPERTY

Robert SillmanLyon Stahl Investment Real EstateMore Info
310-908-5092

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Robert SillmanLyon Stahl Investment Real EstateMore Info
310-908-5092

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.