3729 Glendon Avenue Los Angeles, CA 90034
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.
- Property TypeCondo
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site0 Days
- MLS StatusActive
- MLS ID NumberSB24152465
- Home Size Source N/A
- Year Built1965
- Lot Size0.1287 Acres
- Full Baths7
- Partial BathsN/A
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General Features
- Parking Garage Spaces 0
- Sewer Public Sewer
- Terms CashCash To New Loan
- Stories 2 Story
Interior Features
- Additional Rooms Living Room
- Cooling Wall/Window
Exterior Features
- Water Public
- Pool N/K
- View N/K
Community Features
- Sales Restrictions Standard
- Neighborhood Palms