3731 Glendon Avenue, Los Angeles

$1,650,000

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5 Beds
6 Baths
.11 Acre
0 Garage

12.56 GRM and 5.55% cap in Prime Palms! 3731 Glendon

Ave is an amazing opportunity to own six units offered at

only $275k/unit. Whether you are long term or a valueadd

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 - (2) 1-Bed/1-Bath and (1)

Studio/1-Bath units are currently 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 9.06%

CAP and 8.46 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.

Essential Information

MLS® #
SB24059212
Price
$1,650,000
Bedrooms
5
Bathrooms
6.00
Acres
0.11
Year Built
1926
Type
Residential Income
Sub-Type
Apartment
Status
Active

Community Information

Address
3731 Glendon Avenue
Area
C13 - Palms - Mar Vista
City
Los Angeles
County
Los Angeles
Zip Code
90034
Community Features
Urban
Senior Community
N

Amenities

Pool
None

Interior

# of Stories
2

Exterior

Lot Description
0-1 Unit/Acre

Additional Information

Date Listed
March 25th, 2024
Days on Market
40
Zoning
LAR3

Listing Details

Agent
Cameron Samimi

Office

Lyon Stahl Investment Real Estate, Inc.

Property History
Price Reduced from $1,700,000 to $1,650,000

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Based on information from California Regional Multiple Listing Service, Inc. as of May 11th, 2024 at 11:55am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.