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3731 Glendon Ave 6 Unit Apartment Building $2,108,496 CAD ($351,416 CAD/Unit) Los Angeles, CA 90034
Investment Highlights
- 6-unit building located in Palms offered at only $258k/unit
- Once rented out at market, the property will operate at 8.75% CAP and 8.67 GRM
- Located in an extremely walkable neighborhood, just blocks away from restaurants, shopping and entertainment
- Unit mix of (5) 1 Bed+1 Bath and (1) Studio+1 Bath units
- (2) 1 Bed+1 Bath units are remodeled including new floors, counters, bathrooms and fixtures
Executive Summary
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
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
Property Facts
| Price | $2,108,496 CAD | Building Class | C |
| Price Per Unit | $351,416 CAD | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 2,383 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1926 |
| Property Subtype | Apartment | Parking Ratio | 2.32/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | LAR3 - restricted Density Multiple Dwelling | ||
| Price | $2,108,496 CAD |
| Price Per Unit | $351,416 CAD |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 2,383 SF |
| No. Stories | 2 |
| Year Built | 1926 |
| Parking Ratio | 2.32/1,000 SF |
| Zoning | LAR3 - restricted Density Multiple Dwelling |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 5 | - | - |
1 1
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (75)
Property Taxes
| Parcel Number | 4252-029-027 | Improvements Assessment | $536,935 CAD |
| Land Assessment | $805,403 CAD | Total Assessment | $1,342,339 CAD |
Property Taxes
Parcel Number
4252-029-027
Land Assessment
$805,403 CAD
Improvements Assessment
$536,935 CAD
Total Assessment
$1,342,339 CAD
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3731 Glendon Ave
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