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Los Angeles, CA 90034 3731 Glendon Avenue

$1,595,000

3731 Glendon Avenue Los Angeles, Ca - Image 13731 Glendon Avenue Los Angeles, Ca - Image 23731 Glendon Avenue Los Angeles, Ca - Image 3
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Presented By: Cameron Samimi with Lyon Stahl Investment Real Estate, Inc.; 310-259-7556
  • MLS# SB24059212
  • 03/25/2024
  • Request Tour
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  • BedBeds • 5
  • BathBaths • 6
  • FootageSQFT • 2,583

Home Details

12.14 GRM and 5.78% cap in Prime Palms! 3731 Glendon Ave is an amazing opportunity to own six units offered at only $265k/unit. Whether you are long term or a value-add investor, the subject property is the perfect assets to help achieve your investment goals. 3731 Glendon Ave features a unit mix of (5) 1-Bed/1-Bath and (1) Studio/1-Bath units - (1) 1-Bed/1-Bath and (1) Studio/1-Bath units will be delivered vacant. Beneficial to the new owner, both vacant 1-Bedroom units are renovated, including new floors, counter tops, bathrooms, fixtures, etc. Once fully rented, the property will operate at a 8.99% CAP and 8.84 GRM. This investment is in one of the most sought-after neighborhoods on the Westside. This location is every renter's dream being only steps from Downtown Culver City, an area boasting many great restaurants, shopping and entertainment. 3731 Glendon Ave is also located near new tech companies such as Google, Meta, Snapchat, Hulu, Sony, HBO and Apple.
Presented By: Cameron Samimi with Lyon Stahl Investment Real Estate, Inc.; 310-259-7556

Interior Features for 3731 Glendon Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Street SuffixAvenue
Total Stories2

Other Rooms

Entry Level1

General for 3731 Glendon Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.78
Carport Y/NNo
CityLos Angeles
Community FeaturesUrban
CountyLos Angeles
Days on Market48
DirectionsMajor cross streets are Venice Blvd. and Overland Ave.
Electric Expense0.0
Entry LocationFront
Expected Active Date 2024-04-01
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income131376.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashtoNewLoan, Conventional, Item1031Exchange, FHA
Lot Size Square Feet4719.0
MLS AreaC13 - Palms - Mar Vista
MobileHomeRemainsYNNo
Net Operating Income92199.0
New ConstructionNo
Operating Expense35236.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street NameGlendon
Tax Lot73
Total Units6
Trash Expense0.0
View Y/NNo
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1926
Year Built SourceAssessor
ZoningLAR3

Exterior for 3731 Glendon Avenue

Building Area Total2583.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem01UnitAcre
Lot Size Acres0.1083
Lot Size Area4719.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters6
Number of Separate Gas Meters6
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking0.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,595,000
MLS#SB24059212
List Date 03/25/2024
Property Type Multi-Family
Phone 714.964.3311
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*According to the National Association of Realtors