Los Angeles, CA 90034 3729 Glendon Avenue
$2,245,000
16 more
Presented By: Robert Sillman with Lyon Stahl Investment Real Estate, Inc.; [email protected]
Home Details
OWNER OCCUPIED OPPORTUNITY & $150K PRICE REDUCTION - 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 $429/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 5.94% CAP and 12.20 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.
Presented By: Robert Sillman with Lyon Stahl Investment Real Estate, Inc.; [email protected]
Interior Features for 3729 Glendon Avenue
Bedrooms
Main Level Bedrooms11
Total Bedrooms11
Bathrooms
Main Level Bathrooms7
Total Baths7
Other Interior Features
LivingAreaSourceAssessor
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace FeaturesLivingRoom
Fireplace Y/NYes
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2
Other Rooms
Entry Level1
General for 3729 Glendon Avenue
Additional Parcels Y/NNo
Attached Garage No
Carport Y/NYes
CityLos Angeles
Community FeaturesBiking, Sidewalks
CoolingWallWindowUnits
CountyLos Angeles
Days on Market56
DirectionsOff Venice Blvd at the intersection of Glendon Ave and McCune Ave
Entry Location1
Expected Active Date 2024-07-27
Full Baths7
Garage Spaces0.0
Garage Y/NNo
HOA0.0
High School DistrictLos Angeles Unified
Home Owner AssocNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Living Area UnitsSquareFeet
Lot Size Square Feet5606.0
Lot Size UnitsSquareFeet
MLS AreaC13 - Palms - Mar Vista
MobileHomeRemainsYNNo
New ConstructionNo
NumberOfUnitsTotal4
Occupancy TypeTenant
Open Parking Spaces8.0
Pool FeaturesNone
Private PoolNo
Property Sub Type AdditionalQuadruplex
Property SubTypeQuadruplex
Property TypeResidential
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Structure TypeQuadruplex
Tax Lot43
TermsCash, CashtoNewLoan
ViewNone
View Y/NNo
Waterfront Y/NNo
Year Built1965
Year Built SourceAssessor
ZoningLAR3
Exterior for 3729 Glendon Avenue
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem01UnitAcre
Lot Size Acres0.1287
Lot Size Area5606.0
Lot Size SourceAssessor
Open Parking Y/NNo
Parking FeaturesCarport, Tandem, Uncovered
SpaNo
Total Parking8.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480