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3752 Glendon Ave, Los Angeles, CA 90034
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3752 Glendon Ave Los Angeles, CA 90034

$7,700,000 Sold Price as of 01/31/2024
  • 47 Beds
  • 43 Baths
  • 23,583 Sq.Ft.
Sold
$7,700,000 Sold Price as of 01/31/2024 Refinance Your Mortgage
Map preview of 3752 Glendon Ave, Los Angeles, CA 90034

Property Overview: 3752 Glendon Ave Los Angeles, CA has 47 bedrooms, 43 bathrooms, 23,583 living square feet and 14,160 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 3750 Glendon Ave is a true "Value Add" opportunity, with 75% upside in rents and only subject to AB 1482 rent control. The units average over 1,100 SF, all of which are between 2 - 4 bedrooms each! There is a bonus vacant studio apartment (ADU potential), and two other units are being held vacant for a new owner to lease up at market rents. As the property was built in 1986, it features ample parking for all units, an elevator, central HVAC, two laundry rooms, and multiple balconies per unit. Palms is an excellent neighborhood in West LA, adjacent to Culver City and a favorite of UCLA students. The average home price in 90034 is $1.5M, making this an extremely high barrier to entry neighborhood for home buying, and a prime location multifamily investment. The building has been in the same family since it was built, this is the first time it has ever been offered for sale, and it is a trust sale.

Listed by Nicole Apostolos | BRE #01464936 | Equity Union
Co-listed by Dana Coronado | BRE #01746702 | Equity Union
Last checked: 4 minutes ago | Last updated: February 1st, 2024 | Source CRMLS | DOM: 8

Home details

Lot Sq. Ft
14,160
HOA Dues
$0/mo
Year built
1986
Garage
42 Car
Property Type:
Multi Family
Status
Sold
MLS#
23329299
City
Los Angeles
County
Los Angeles
Time on Site
178 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 21
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,400
  • Total Rent: $3,400
  • Pro Forma/Market Rent: $3,400
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,707
  • Total Rent: $5,415
  • Pro Forma/Market Rent: $8,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $3,502
  • Total Rent: $3,502
  • Pro Forma/Market Rent: $5,500
Unit Breakdown 4
  • # of Units: 16
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,724
  • Total Rent: $27,580
  • Pro Forma/Market Rent: $55,920
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $3,039
  • Total Rent: $3,039
  • Pro Forma/Market Rent: $4,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.05%
  • Gross Rent Multiplier: 14.23
  • Gross Scheduled Income: --
  • Net Operating Income: $313,866
  • Gross Operating Income: $528,284
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 3752 Glendon Ave

Interior Features
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Community
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 42
  • # of Parking Spaces: 42
  • Has Parking
  • Parking Features: Subterranean
Lot Information
  • Lot Size Source: Appraiser
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 21
  • Parcel Number: 4252030044
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Just east of the 405 freeway and south of the 5 freeway in close proximity to Sony Picture Studio.
View more facts & features

Local Los Angeles Agent

Sale History for 3752 Glendon Ave

Last sold for $7,700,000 on January 31st, 2024

  • January, 2024

  • Jan 31, 2024

    Date

    Sold

    CRMLS: 23329299

    $7,700,000

    Price

  • Nov 7, 2023

    Date

    Active

    CRMLS: 23329299

    $7,750,000

    Price

  • August, 2012

  • Aug 6, 2012

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 3752 Glendon Ave

Assessed Value (2020): $3,632,966
Year Land Value Improved Value Assessed Value
2020 $744,227 $2,888,739 $3,632,966

Home Value Compared to the Market

This property vs the competition

3752 Glendon Ave sold on January 31, 2024 for 551.26% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $328.63 per/sqft which puts the price per square foot 56.47% lower than the current median sale per square foot for the city of Los Angeles.

About 3752 Glendon Ave

Detailed summary of property

3752 Glendon Ave is a multi family that recently sold in Los Angeles, CA 90034. This multi family property offered 47 bedrooms, 43 bathrooms, roughly 23,583 living square feet, and sits on an approximately 14,160 square foot lot. 3752 Glendon Ave was first listed on ArdentRealEstateGroup.com on November 7, 2023. The homeowner sold the property for $7,700,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 551.26% higher than the current median priced home. Local homes that are currently for sale include 641 N Hobart Blvd, 1747 N Kingsley Dr and 4233 Burns Ave. While the average home in Los Angeles, CA is selling in 96 days, 3752 Glendon Ave has a days on market of 8 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 3752 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 3752 Glendon Ave

Public county record property details
Beds
--
Baths
--
Year built
1986
Sq. Ft.
23,583
Lot Size
14,159
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
76,77
APN
4252-030-044

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
$1,995,000
Median List Price/Sq.Ft.
$932
Median Sold Price
$2,079,000
Median Sold Price/Sq.Ft.
$899
Total Inventory
44
Median Sale to List Price %
100%
Avg Days on Market
27
Loan Type
Conventional (0%), FHA (0%), VA (5.88%), Cash (5.88%), Other (11.76%)

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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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