$1,595,000 Price Analysis   ♡   Los Angeles, CA 90034 5 bed 6 bath 2,583 SqFt ($617/SqFt) 4,719SqFt lot. Built 1926 Listed 2024-04-01, Taxes $9,028 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
12.14 GRM and 5.78% cp in Prime Palms!
3731 Glendon Ave is an impressive opportunity to own six units offered at $265k/unit. Whether you are long term or a value-add investor, the subject property is the perfect assets to help achieve your investment goals. 3731 Glendon Ave features a unit mix of (5) 1-Bed/1-Bath and (1) Studio/1-Bath units - (1) 1-Bed/1-Bath and (1) Studio/1-Bath units will be delivered vacant.
Beneficial to the new owner, both vacant 1-Bedroom units are renovated, including new floors, counter tops, bathrooms , fixtures, etc. Once fully rented, the property will operate at a 8.99% CAP and 8.84 GRM. This investment is in one of the most sought-after neighborhoods on the Westside. This location is every renter's dream being steps from Downtown Culver City, an area boasting many extraordinary restaurants, shopping and entertainment. 3731 Glendon Ave is also located near new tech companies such as Google, Meta, Snapchat, Hulu, Sony, HBO and Apple.
Presented by Cameron Samimi at
Lyon Stahl Investment Re, Inc.
Property MLS #SB24059212 from CRMLS
Lot Size Acres: 0.1083333
Lot Size Source: Assessor
Lot Size Square Feet: 4719
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Bedrooms in Unit-5: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Total Bathrooms in Unit-6: 1
County: Los Angeles
Cap Rate: 5.78
Source Property Type: Residential Income
Area: C13 - Palms - Mar Vista
Source Neighborhood: C13 - Palms - Mar Vista
Number of Separate Electric Meters: 6
Number of Separate Gas Meters: 6
Number of Separate Water Meters: 1
Parcel Number: 4252029027
Postal Code Plus 4: 6269
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $142,028 + $568,128 $710,156 | $9,028 |
| 2021 | $139,244 + $556,989 $696,233 | $8,913 |
| 2020 | $137,817 + $551,278 $689,095 | $8,998 |
| 2019 | $135,115 + $540,469 $675,584 | $8,661 |
| 2018 | $132,466 + $529,872 $662,338 | $8,598 |
| 2017 | $129,869 + $519,483 $649,352 | $8,378 |
| 2016 | $127,323 + $509,298 $636,621 | $8,182 |
| 2015 | $125,411 + $501,648 $627,059 | $8,069 |
| 2014 | $122,955 + $491,822 $614,777 | $8,133 |
| 2013 | $122,400 + $489,600 $612,000 | $8,117 |
| 2012 | $120,000 + $480,000 $600,000 | $8,221 |
| 2010 | $129,778 + $149,987 $279,765 | $4,077 |
| 2009 | $129,116 + $149,221 $278,337 | $3,935 |
| 2009 | $128,809 + $148,867 $277,676 | $3,935 |
| 2008 | $126,585 + $146,296 $272,881 | $3,785 |
| 2007 | $124,103 + $143,428 $267,531 | $3,665 |
$1,595,000
CRMLS
Price Changed 2024-04-30
$1,650,000
CRMLS
Listed 2024-04-01
$1,700,000
CRMLS
Sold 2023-06-06
$950,000
TheMLSCLAW
Sold 2011-09-16
$590,000
ITECH
Listed 2011-05-23
$637,000
ITECH
Sold 1986-02-14
$180,000
Public Record
Sold 1978-06-30
$110,000
Public Record
Year Built: 1926
Building Features: 1
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: Front
Property Age: 98
Property Attached: Yes
Building Total Stories: 2
Structure Type: Apartment
Year Built Source: Assessor
Water Source: Public
Map directions Map directions Map directions Map directions
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 | ||||
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.