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3704 Glendon Ave, Los Angeles, CA 90034
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3704 Glendon Ave Los Angeles, CA 90034

$6,700,000
  • 13 Beds
  • 12 Baths
  • 7,284 Sq.Ft.
For Sale
$6,700,000 Get Pre-Qualified
Map preview of 3704 Glendon Ave, Los Angeles, CA 90034

Property Overview: 3704 Glendon Ave Los Angeles, CA has 13 bedrooms, 12 bathrooms, 7,284 living square feet and 16,304 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Rare opportunity to acquire 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 subject property encompasses a total lot size of 16,304 square feet zoned LAR3, and a new investor may be able to develop 36 units by utilizing low income density bonuses (buyer to verify). Assuming a development of 31,482 rentable square feet with a mix of studio, one-bedroom, and two-bedroom units, the estimated value of the completed project would be $21,500,000. 3704-3714 Glendon Avenue currently features four existing buildings with 12 total units that generate $22,762 in monthly rent. Cross-posted as a land offering MLS ID: PW22161947

Listed by Steven Bogoyevac | BRE #01332755 | Steven M. Bogoyevac, Broker
Last checked: 5 minutes ago | Last updated: October 18th, 2022 | Source CRMLS | DOM: 655
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Home details

Lot Sq. Ft
16,304
HOA Dues
$0/mo
Year built
1948
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
PW22161966
City
Los Angeles
County
Los Angeles
Time on Site
703 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 4
  • # of Electric Meters: 12
  • # of Gas Meters: 12
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $954
  • Total Rent: $954
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 2
  • # of Units: 9
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,837
  • Total Rent: $16,533
  • Pro Forma/Market Rent: $2,411
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,638
  • Total Rent: $5,275
  • Pro Forma/Market Rent: $2,950
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $273,144
  • Net Operating Income: $152,617
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $112,333
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

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Property Details for 3704 Glendon Ave

Interior Features
Laundry Information
  • Has Laundry
  • Electric Dryer Hookup, Washer Hookup
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 12
  • Parcel Number: 4252032008
  • Year Built Source: Assessor
  • Property is not Attached
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: less than a block north of venice blvd
Neighborhood Information
  • Community Features: Suburban
View more facts & features

Local Los Angeles Agent

Sale History for 3704 Glendon Ave

View property's historical transactions

  • July, 2022

  • Jul 22, 2022

    Date

    Active

    CRMLS: PW22161966

    $6,700,000

    Price

Tax History for 3704 Glendon Ave

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

3704 Glendon Ave is listed 442.07% higher than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $775 and this home is listed at $919.82 per/sqft which puts the price per square foot 18.69% higher than the median price per square foot for the city of Los Angeles.

About 3704 Glendon Ave

Detailed summary of property

3704 Glendon Ave is a multi family located in Los Angeles, CA 90034 and is currently for sale. This multi family property offers 13 bedrooms, 12 bathrooms, roughly 7,284 living square feet, and sits on an approximately 16,304 square foot lot. 3704 Glendon Ave was first listed on ArdentRealEstateGroup.com on July 26, 2022. The homeowner is currently asking $6,700,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $775. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 442.07% higher than the median priced home. Local competing homes currently for sale include 6812 11th Ave, 1439 N Curson Ave and 2709 W Pico Blvd. While the average home in Los Angeles, CA is selling in 99 days, 3704 Glendon Ave has a days on market of 655 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 3704 Glendon Ave Los Angeles, CA 90034 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3704 Glendon Ave

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

The source for these homes facts are from public records.

90034 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,795,000
Median List Price/Sq.Ft.
$932
Median Sold Price
$2,333,000
Median Sold Price/Sq.Ft.
$1,028
Total Inventory
57
Median Sale to List Price %
116.94%
Avg Days on Market
18
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (8.33%), Other (25%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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, 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.

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