3704 Glendon AVE

LOS ANGELES, CA, 90034

$6,700,000

$919 per ft²
$6,700,000
$919 per ft²
Active
Active
 - For Sale
beds
3 Beds
baths
3 Baths
carpenters-square
7,284 ft²
property_type
Multi-family
calendar
Built 1948
Rare opportunity to acquire a portfolio of 12 units on three contiguous parcels in Los Angeles Palms neighborhood. The offering boasts a great location at 3704, 3710 and 3714 Glendon Avenue, less than a block north of Venice Boulevard and a Ralph s grocery store, a half-mile from Sony Studios, surrounded by numerous major development projects, proximate to downtown Culver City s popular entertainment and major employers, and just four miles to Venice Beach. The average household income within one mile exceeds $110,000. The portfolio comprises 3704 Glendon Avenue, a single-story triplex, 3710 Glendon Avenue, a two-story building with six units, and 3714 Glendon Avenue, which has a one-bedroom home in the front and a rear duplex with garages. Together, the buildings have a mix of two two-bedroom units, nine one-bedroom units, and a bachelor unit. All buildings feature on-site parking, units separately metered for gas and electric, and laundry hook ups. Current rents offer a new investor 35 percent rental upside, making this a great investment opportunity in a popular and growing market. Furthermore, a new investor may want to consider redevelopment; up to 36 units may be built on the three contiguous parcels by utilizing low income density bonuses (buyer to verify).
MLS® ID:
PW23031275MR
Listed:
2/22/23
Updated:
3/31/23
Sotheby's International Realty
Shelton Wilder Group

Interior Features

Total Bedrooms
3
Total Bathrooms
3
Laundry Description
Electric Dryer Hookup, Hookup - Electric, Washer Hookup

Exterior/Building Features

Lot Size
0.37 acres lot
Sewer
Public Sewer

Other Property Details

Garage
No
Parking
N
View
N
County
Los Angeles
Water Source
Public
Pool
No
Pool Description
None
Zoning
LAR3

Courtesy of Steven M. Bogoyevac, Broker, Steven Bogoyevac,
Listing Contact:  

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 Shelton Wilder Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2023 Combined L.A./Westside MLS. All rights reserved.

Data last updated 3/31/23

Sotheby's International Realty
Shelton Wilder Group
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