3731 Glendon Avenue

Los Angeles, CA 90034

$950,000
Last Sold Price
6
Beds
6
Baths
2,383 Sq. Ft.
$399 / Sq. Ft.
2,383
Sq. Ft.
$399
per Sq. Ft.

Description

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...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.
  1. Listed by Jatin Mehta • DRE #02045713 • Brokerage DRE #01834648 • Kite Hill

Property Details for 3731 Glendon Avenue

Zoning
LAR3
Cross Streets
Venice Boulvard
Parcel Number
4252029027
Total Units
6.0
Living Area
2383
Source Living Area
Assessor
Area
Palms - Mar Vista (C13)
Vacancy Rate
0

Location

Listing Courtesy of Kite Hill, Jatin Mehta, DRE #02045713

Sold By Lyon Stahl Investment Real Estate, Inc., Cameron Samimi, DRE #02035763

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LISTING UPDATED: 06/06/2023 12:52 PM

Property Details for 3731 Glendon Avenue

StatusSold
MLS #23-233655
Days on Market137
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1926
Lot Size0.11 AC / 4,717 SF
CountyLos Angeles County

Location

Listing Courtesy of Kite Hill, Jatin Mehta, DRE #02045713

Sold By Lyon Stahl Investment Real Estate, Inc., Cameron Samimi, DRE #02035763

Add your commute

Building Information for 3731 Glendon Avenue

Stories2Residences-Year Built1926Building Size-Lot Size0.11 AC / 4,717 SF

Payment Calculator

$5,972 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,185

Property Taxes

$787

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3731 Glendon Avenue

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 6
  • Water Heaters: Yes
Contract Info
Contract Info
  • Financing: Cash, Exchange Up, Conventional
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $0
  • Net Operating Income: $40,637.00
  • Gross Income: $69,634
  • Cap Rate: 2.71%
  • Gross Rent Multiplier: $21.53
  • Actual Annual Gross Rent: $69,634.00
  • Vacancy Allow Percent: .00%
  • Owner Pays: Water, Gardener, Gas, Electricity
  • Total Annual Expense: 28997
  • Water Expense: $1,800.00
  • Gas Expense: $360
  • Tax Expense: $17,988
  • Gardener Expense: $720
  • Insurance Expense: $2,000
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1083
  • Lot Size Square Feet: 4717
Parking Details
Parking Details
  • Parking Garage: Offsite
  • Total Parking: 6
  • Open Other Spaces Total: 6
  • Parking Features: Off Site
Interior Features
Interior Features
  • Cooling: None
  • Cooling Type: None
  • Heating Type: Wall Electric
  • Equipment: None
  • Laundry: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-20-2023
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,250.00
  • Unit Actual Rent: $15,000.00
  • Unit Projected Rent: $1,900.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,000.00
  • Unit Actual Rent: $12,540.00
  • Unit Projected Rent: $1,900.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,300.00
  • Unit Actual Rent: $15,600.00
  • Unit Projected Rent: $1,900.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $715.00
  • Unit Actual Rent: $8,580.00
  • Unit Projected Rent: $1,900.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,100.00
  • Unit Actual Rent: $13,200.00
  • Unit Projected Rent: $1,900.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $438.00
  • Unit Actual Rent: $5,256.00
  • Unit Projected Rent: $1,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $142,028.00
  • Assessed Improvement Percent: 20.0
  • Assessed Land Value: $568,128.00
  • Assessed Land Percent: 80
  • Assessed Total Value: $710,156.00

Property History for 3731 Glendon Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3731 Glendon Avenue

Taxable ValueLand$579,490Additions$145,828Total$725,318
Tax Record2023$9,442 ($787 / month)
Home Facts
Total Finished SqFt2,383 SqFtAbove Grade Finished SqFt2,383 SqFtLot Size4,740 SqFtStyleMulti-Family Res (5+ Units)Year Built1926ZoningLAR3CountyLOS ANGELESAPN4252-029-027

Schools near 3731 Glendon Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Charnock Road Elementary School
PublicK to 5

Palms Middle School
Public6 to 8

Venice Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Listing Courtesy of Kite Hill, Jatin Mehta, DRE #02045713

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.