12.56 GRM and 5.55% cap in Prime Palms! 3731 GlendonAve is an amazing opportunity to own six units offered atonly $275k/unit. Whether you are long term or a valueaddinvestor, the subject property is the perfect assets tohelp achieve your investment goals.3731 Glendon Ave features a unit mix of (5) 1-Bed/1-Bathand (1) Studio/1-Bath units - (2) 1-Bed/1-Bath and (1)Studio/1-Bath units are currently vacant. Beneficial to thenew 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 9.06%CAP and 8.46 GRM.This investment is in one of the most sought-afterneighborhoods on the Westside. This location is everyrenter's dream being only steps from Downtown CulverCity, an area boasting many great restaurants, shoppingand entertainment. 3731 Glendon Ave is also located nearnew tech companies such as Google, Meta, Snapchat,Hulu, Sony, HBO and Apple.
|
DAYS ON MARKET
|
31
|
LAST UPDATED
|
4/30/2024
|
|
YEAR BUILT
|
1926
|
COMMUNITY
|
Palms - Mar Vista
|
|
COUNTY
|
Los Angeles
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
|
Prior to Apr 30, '24
|
$1,700,000
|
| Apr 30, '24 - Today |
$1,650,000 |
| AREA |
Palms - Mar Vista |
| BUYER'S BROKERAGE COMPENSATION |
2.000 % |
| LOT |
4719 sq ft |
| LOT DESCRIPTION |
0-1 Unit/Acre |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| WATER |
Public |
| ZONING |
LAR3 |
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Listed with Lyon Stahl Investment Real Estate, Inc.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 5/2/24 7:26 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2024.
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