3731 Glendon Ave - Apartments FOR SALE


Los Angeles, CA 90034- Palms
$1,550,000 USD
310-259-7556
3731 Glendon Ave, Los Angeles, CA for Sale
$1,550,000 USD
Apartments - FOR SALE
1/90
null | Request Cap Rate

3731 Glendon Ave
Los Angeles, CA 90034
Palms


HIGHLIGHTS

  • 6-unit building located in Palms offered at only $258k/unit
  • Unit mix of (5) 1 Bed+1 Bath and (1) Studio+1 Bath units
  • Once rented out at market, the property will operate at 8.75% CAP and 8.67 GRM
  • (2) 1 Bed+1 Bath units are remodeled including new floors, counters, bathrooms and fixtures
  • Located in an extremely walkable neighborhood, just blocks away from restaurants, shopping and entertainment

OVERVIEW

10.93 GRM and 6.66% CAP in Prime Palms! 3733 Glendon Ave is an amazing opportunity to own six units offered at only $258,833/Unit. Whether you are long term or a value-add investor, the subject property is the perfect assets to help achieve your investment goals. 3733 Glendon Ave features a Unit Mix of (5) 1-Bed/1-Bath and (1) Studio/1-Bath units. This property has undergone significant upgrades in recent years. Select units have been updated with new floors, counter tops, bathrooms, fixtures, etc. This asset offers strong rental upside with a pro-forma 8.75% CAP and 8.67 GRM. This investment is in one of the most sought-after neighborhoods on the Westside. This location is every renter's dream being only steps from Downtown Culver City, an area boasting many great restaurants, shopping and entertainment. 3733 Glendon Ave is also located near new tech companies such as Google, Meta, Snapchat, Hulu, Sony, HBO and Apple

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$650 USD /SF

# OF UNITS

6

PRICE/UNIT

$258,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1926

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,720 SF

ZONING

LAR3

APN/PARCEL ID

4252-029-027

ASK ABOUT THIS PROPERTY

Cameron SamimiLyon Stahl Investment Real EstateMore Info
310-259-7556

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Cameron SamimiLyon Stahl Investment Real EstateMore Info
310-259-7556

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.