Listed by Steven Bogoyevac with Steven M. Bogoyevac, Broker

3704 Glendon Avenue

Los Angeles, CA, 90034

$6,700,000

$919 per ft²
$6,700,000
$919 per ft²
Active
Active
 - For Sale
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:
PW23031275
Listed:
2/22/23
Updated:
4/1/23
RE/MAX Estate Properties
Bill Ruane

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Washer Hookup, Electric Dryer Hookup

Exterior/Building Features

Lot Size
0.37 acres lot
Sewer
Public Sewer

Other Property Details

Area Name
C13 - Palms - Mar Vista
Association Amenities
Suburban
Garage
No
Parking
N
View
N
County
Los Angeles
Water Source
Public
Pool
No
Pool Description
None
Zoning
LAR3
Buyer Agency Compensation
2.000

Listing Contact:  

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 4/1/23. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

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Data last updated on 4/1/23 at 8:36 AM UTC

RE/MAX Estate Properties
Bill Ruane
Contact