3731 Glendon Avenue
3731 Glendon Avenue
$950,000
6
6
2,383
2,383
$399
Sold 6/6/23
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.
- Listed by Jatin Mehta • DRE #02045713 • Brokerage DRE #01834648 • Kite Hill
Property Details for 3731 Glendon Avenue
Zoning
LAR3
Cross StreetsVenice Boulvard
Parcel Number4252029027
Total Units6.0
Living Area2383
Source Living AreaAssessor
AreaPalms - Mar Vista (C13)
Vacancy Rate0
Location
LISTING UPDATED: 06/06/2023 12:52 PM
Property Details for 3731 Glendon Avenue
Status | Sold |
---|---|
MLS # | 23-233655 |
Days on Market | 137 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1926 |
Lot Size | 0.11 AC / 4,717 SF |
County | Los Angeles County |
Location
Building Information for 3731 Glendon Avenue
Stories2Residences-Year Built1926Building Size-Lot Size0.11 AC / 4,717 SF
Payment Calculator
$5,972 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 3731 Glendon Avenue
Property History for 3731 Glendon Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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 | ||
South Shores/Csudh Visual And Performing Arts PublicK to 5 |
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.
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