1/67

Listed by bobby@lyonstahl.com - Robert Sillman - DRE #02145409 - Lyon Stahl Investment Real Estate, Inc. 310-425-9838 Listing Courtesy of: DRE #02035763

$2,195,000

Calculate Payment

3729 Glendon Avenue Los Angeles, CA 90034

Fourplex Residence

11 Beds

7 Baths

5,224 Sq. Ft.

0.13 Acre Lot

Property Activity

Time on Site

days

Days on Market

Views

Saves

Last updated on 11/15/2024 12:06 AM

Listing Details

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 spaciou...s 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. Continue reading

MLS#

SB24152465

Property Type

Fourplex

Status

Bedrooms

Bathrooms

7 Full

Year Built

1965

Square Feet

5,224 sq. ft