Sold
3750 Glendon Ave
Los Angeles CA, 90034
$7,700,000
$326.51 per sqft
Sold
46 Beds
44 Baths
23,583 sqft
Multi-family
Built in 1986
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.
23-329299
MLSⓇ ID
November 7, 2023
Listed
October 2, 2024
Updated
Map
3750 Glendon Ave
Los Angeles CA, 90034
Interior Features
Total Stories
3
Bedrooms
46
Total Bathrooms
44
Appliances
None
Laundry Description
Community
Fireplace
No
Cooling
Yes
Cooling Description
Air Conditioning
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.33 Acres
Other Property Details
Area Name
Palms - Mar Vista
Days on Market
8
Garage
Yes
Garage Spaces
42
Parking
Subterranean
Parking Total
42
View
Yes
View Description
City
County
Los Angeles
Pool
No
Zoning
LAR3
Listing History
Date | Event | Price |
|---|---|---|
2/1/2024 | Price change | $7,700,000 1% |
1/31/2024 | Price change | $7,600,000 -2% |
1/31/2024 | Sold | $7,700,000 |
12/15/2023 | Pending | — |
11/17/2023 | Under contract | — |
Listed by Nicole Apostolos with Equity Union
Listing Contact: 818-268-6854
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Susan Coletti | CA DRE# 01939461 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 10/2/2024
