$2,149,500

Estimated payment $12,148/month

Total Views 1,000
11 Beds
7 Baths
5,224 Sq Ft
$411 Price per Sq Ft

Highlights

  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Bike Trail
  • Venice High School Rated A

About This Home

5%+ CAP RATE & ONE 3-BED UNIT CURRENTLY VACANT! First time on the market since 1984, 3729 Glendon Ave is a high-income 4-unit investment in Palms, adjacent to Mar Vista & Culver City. Spanning 5,224 sq. ft. at just $411/sq. ft., it features (3) 3Bed/2Bath and (1) 2Bed/1Bath units. Select units offer private decks, walk-in showers, dishwashers, and wall A/Cs—plus Unit 2 has exclusive access to a large 15' x 35' outdoor patio. With the vacant unit leased at market, the property collects over $150,000/year. Perks include on-site laundry, 4 tandem parking spots, gated entry, separate meters, and a 2021 soft-story retrofit. With one unit vacant, this is a rare opportunity for investors or owner-users in a central West LA location.

Listing Agent

Bobby Sillman

Lyon Stahl Investment Real Estate, Inc. Brokerage Email: bobby@lyonstahl.com License #02145409

Lyon Stahl Investment Real Estate, Inc.

Co-Listing Agent

Cameron Samimi

Lyon Stahl Investment Real Estate, Inc. Brokerage Email: bobby@lyonstahl.com License #02035763

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,769

Year Built

  • Built in 1965

Lot Details

  • 5,606 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Quadruplex

Interior Spaces

  • 5,224 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 7 Bathrooms

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Carport
  • Parking Available
  • Tandem Uncovered Parking

Utilities

  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tax Lot 43
  • Tax Tract Number 7408
  • Assessor Parcel Number 4252029028
  • $582 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Recreation

  • Bike Trail

Building Details

  • 4 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $40,218
  • Gross Income $154,110
  • Net Operating Income $109,269

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,769

Year Built

Built in 1965

Lot Details

0

Listing Details

  • CapRate: 5.08
  • Price Per Unit: 537375
  • Property Attached: Yes
  • Zoning: LAR3
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 4252029028
  • Year Built: 1965
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 411.47

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Carport, Tandem Uncovered
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5606.00
  • Lot Size Acres: 0.1287

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 154110.00
  • Gross Multiplier: 14.03
  • Gross Scheduled Income: 154110.00
  • Lot Size Area: 5606.0000 Square Feet
  • Net Operating Income: 109269.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 40218.00
  • Rent Control: Yes
  • Total Actual Rent: 12767.50
  • Total Expenses: 40218.00

Tax Info

  • Tax Census Tract: 2718.03
  • Tax Lot: 43
  • Tax Tract Number: 7408
  • TaxOtherAnnualAssessmentAmount: 582.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,769 $182,614 $58,380 $124,234
2023 $2,729 $179,035 $57,236 $121,799
2022 $2,623 $175,525 $56,114 $119,411
2021 $2,557 $172,084 $55,014 $117,070
2019 $2,490 $166,982 $53,383 $113,599
2018 $2,415 $163,709 $52,337 $111,372
2016 $2,254 $157,354 $50,305 $107,049
2015 $2,226 $154,992 $49,550 $105,442
2014 $2,263 $151,957 $48,580 $103,377
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2025 04/25/25 For Sale $2,149,500 -- $411 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Deed History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Title 365
Interfamily Deed Transfer -- Title 365
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $257,000 New Conventional
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25086925

California Regional Multiple Listing Service (CRMLS)

APN: 4252-029-028