3750 Glendon Avenue, Los Angeles, CA 90034
-
Sold Price :
$7,700,000
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Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
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Year Built :
1986
Property Description
3750 Glendon Ave is a true "Value Add" opportunity, with 75% upside in rents and only subject to AB 1482 rent control. The units average over 1,100 SF, all of which are between 2 - 4 bedrooms each! There is a bonus vacant studio apartment (ADU potential), and two other units are being held vacant for a new owner to lease up at market rents. As the property was built in 1986, it features ample parking for all units, an elevator, central HVAC, two laundry rooms, and multiple balconies per unit. Palms is an excellent neighborhood in West LA, adjacent to Culver City and a favorite of UCLA students. The average home price in 90034 is $1.5M, making this an extremely high barrier to entry neighborhood for home buying, and a prime location multifamily investment. The building has been in the same family since it was built, this is the first time it has ever been offered for sale, and it is a trust sale.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
Listing Information
| Address |
3750 Glendon Avenue |
| City |
Los Angeles |
| State |
CA |
| Zip |
90034 |
| County |
Los Angeles |
| Listing Agent |
Nicole Apostolos DRE #01464936 |
| Co-Listing Agent |
Dana Coronado DRE #01746702 |
| Courtesy Of |
Equity Union |
| Close Price |
$7,700,000 |
| Status |
Closed |
| Type |
Residential Income |
| Structure Size |
N/A |
| Lot Size |
14,160 |
| Year Built |
1986 |
Listing information courtesy of: Nicole Apostolos, Dana Coronado, Equity Union. *Based on information from the Association of REALTORS/Multiple Listing as of Feb 1st, 2024 at 8:53 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
