Robert Sillman
This listing was posted on RealtyWW.
$2,195,000
Glendon Ave, Los Angeles, Home For Sale
Price:
$2,195,000
BR/BA:
10+ BR, 7 BA
Location:
3729 Glendon Ave, Los Angeles, CA
Description:
3-Bed VACANT at the end of the month! First time on the market since 1984, 3729 Glendon Avenue is one of the largest 4-unit apartment buildings located in the highly desirable Palms neighborhood of West LA. This impressive 5, 224 sqft building is offered at only $425/sqft and consists of four spacious units: (3) 3Bed+2Bath and (1) 2Bed+1Bath. The upstairs, 3-bed Owner's Unit boasts a larger floorplan, an additional office/4th bedroom, a fireplace, and a front deck. Select units benefit from private decks, dishwashers, walk-in showers, and wall ACs, while Unit 2 has exclusive access to a sizeable 15' x 35' outdoor patio. Additional features include an on-site laundry room, (4) tandem parking spaces, gated entry, separate meters for gas and electric, and soft-story retrofit was completed in 2021. 3729 Glendon Avenue currently collects ~$12, 000/month and ~$144, 000/year with approximately 28% in rental upside via interior/exterior renovations. Once rented at market, the property will operate at a 6.13% CAP and 11.91 GRM. Whether you are a long-term investor or an owner-user looking to take advantage of residential financing, this high-cash flow asset is centrally located near major retail, entertainment, tech, and employment hubs in Silicon Beach, Culver City, Santa Monica, Beverly Hills, and Downtown LA.For more details: https://realtyww.info/homes_los-angeles-d523223/for-sale_i77813158
Property Type:
Single-Family Houses
Amenities:
Dishwasher, Fireplace, Gated, Parking, Patio/Deck
Posted:
November 13 on RealtyWW
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