3731 Glendon Ave

Los Angeles, CA, 90034

$1,499,000

$629 per ft²
$1,499,000
$629 per ft²
Active
Active
 - For Sale
beds
6 Beds
baths
6 Baths
carpenters-square
2,383 ft²
property_type
Multi-family
calendar
Built 1926
3731 Glendon Ave presents a prime investment opportunity in the highly sought-after Palms neighborhood. This 6-unit multifamily property boasts a desirable unit mix of five 1-bedroom units and one studio, totaling 2,383 square feet on a spacious 4,717 square foot lot, zoned LAR3. The building has undergone recent renovations, featuring new windows, a freshly painted exterior, and new water heaters, ensuring it is well-maintained for potential tenants. Additionally, the property offers ample parking with six designated spaces.The location of this property is highly desirable, with the bustling Culver City only steps away, and the presence of major industry players such as Sony Studios, Amazon Studios, and Tik Tok in the area. The property is also conveniently located in proximity to the beach communities of Venice and Santa Monica, and the affluent neighborhoods of Rancho Park, Cheviot Hills, and Mar Vista. Furthermore, with the newly constructed Expo Line running through Palms, public transportation is readily available for tenants. This property presents a significant opportunity for investors, with an estimated 80%+ upside in gross rental income and 120% upside in net operating income.
MLS® ID:
23-233655
Listed:
1/19/23
Updated:
2/8/23

Interior Features

Total Bedrooms
6
Total Bathrooms
6
Laundry Description
None
Cooling
None
Heating
Wall Electric

Exterior/Building Features

Lot Size
4,717 ft² lot
Exterior Features
None

Other Property Details

Garage
No
Parking
Offsite
Parking Total
6.0
View
N
County
Los Angeles
Pool
No
Total Stories
2
Zoning
LAR3

Courtesy of Kite Hill, Jatin Mehta,
Listing Contact:  

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Eve Capital shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2023 Combined L.A./Westside MLS. All rights reserved.

Data last updated 2/8/23

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