3750 Glendon Avenue

Los Angeles , CA 90034

MLS#: 23329299

$7,750,000

Status: Closed
Listing number: 23329299
Listing provided by: Equity Union
Listing agent phone: None
Last update: 1 year, 9 months ago
On site: 2 years ago
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Property

Beds

46

Full Baths

None

1/2 Baths

None

Year Built

1986

Sq.Footage

23,583

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.

Features & Amenities

Interior

  • Total Bedrooms

    46

  • Bathrooms

    N/A

  • Heating YN

    YES

  • Heating

    Central

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    42

  • Parking

    Underground

  • Pool

    No

  • View

    City Lights

Area & Lot

  • Lot Size(acres)

    0.3251

  • Property Type

    Residential Income

Price

  • Sales Price

    $7,750,000

  • Sq. Footage

    23, 583

  • Price/SqFt

    $328

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    3

  • Senior Community YN

    NO

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Listing Courtesy of Nicole Apostolos , Equity Union

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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.

3750 Glendon Avenue

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