Samimi CRE Advisors
    Listings/3731 Glendon Ave
    3731 Glendon Ave - Photo 1
    multifamilyActive Listing

    3731 Glendon Ave

    Los Angeles, CA 90034

    Valuation

    $1,550,000

    Key Specifications

    Total Units

    6

    multifamily

    Year Built

    1926

    Heritage Asset

    Interior

    3,200 SF

    $484 / SF

    Lot Area

    4,720 SF

    Unit Mix

    multifamily

    5x 1-Bed/1-Bath, 1x Studio/1-Bath

    Investment Highlights

    6-unit building located in Palms offered at only $258k/unit
    Unit mix of (5) 1 Bed+1 Bath and (1) Studio+1 Bath units
    Once rented out at market, the property will operate at 8.75% CAP and 8.67 GRM
    (2) 1 Bed+1 Bath units are remodeled including new floors, counters, bathrooms and fixtures
    Located in an extremely walkable neighborhood, just blocks away from restaurants, shopping and entertainment

    Property Overview

    3731 Glendon Ave presents an exceptional opportunity to acquire a six-unit multifamily property in the highly sought-after Palms neighborhood of Los Angeles. Offered at an attractive price of $258,833 per unit, this asset is ideal for both long-term and value-add investors looking to achieve their investment goals. The property boasts a strong pro-forma CAP rate of 8.75% and an 8.67 GRM, indicating significant rental upside. The unit mix consists of five 1-bedroom/1-bathroom units and one studio/1-bathroom unit. The property has undergone substantial upgrades in recent years, with select units featuring new floors, countertops, bathrooms, and fixtures. This ensures a modern and appealing living environment for tenants, contributing to the property's strong rental potential. Situated in one of the Westside's most desirable neighborhoods, 3731 Glendon Ave offers an enviable location just steps away from Downtown Culver City, renowned for its vibrant array of restaurants, shopping, and entertainment options. The property is also strategically positioned near major tech companies such as Google, Meta, Snapchat, Hulu, Sony, HBO, and Apple, making it an attractive residence for professionals in the thriving tech industry.