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

July 13, 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 Tamkin Real Estate Group 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 7/13/2024

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