NOT LISTED FOR SALE

3750 Glendon Ave Los Angeles, CA 90034

Palms Neighborhood
46 Beds
44 Baths
23,583 Sq Ft
0.33 Acres

Last Sold January 31, 2024

Last sale price $7,700,000 $327 Per Sq Ft

8 Days on Market

Highlights

  • City View
  • 0.33 Acre Lot
  • Central Heating
  • Venice High School Rated A
  • Subterranean Parking
  • Laundry Facilities

About This Home

As of January 2024

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.

Last Agent to Sell the Property

Nicole Apostolos

Equity Union License #01464936 Listed on: 11/07/2023

Equity Union

Co-Listed By

Dana Coronado

Compass License #01746702

Last Buyer's Agent

Nicole Apostolos

Equity Union License #01464936 Listed on: 11/07/2023

Equity Union

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 0.33 Acre Lot
  • West Facing Home

Parking

  • 42 Car Garage
  • Subterranean Parking

Home Design

  • Split Level Home

Interior Spaces

  • 23,583 Sq Ft Home
  • 3-Story Property
  • City Views

Bedrooms and Bathrooms

  • 46 Bedrooms
  • 44 Bathrooms

Utilities

  • Central Heating

Community Details

  • 21 Units
  • Laundry Facilities
  • Vacancy Allowance $16,339

Listing and Financial Details

  • Assessor Parcel Number 4252-030-044

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0

Parking

42

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 23583
  • Lot Acreage: 0.3252
  • Price Per Unit: 352272.00
  • Probate: No
  • Stories: 3
  • Year Built: 1986
  • Number Of Photos: 18
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 46
  • Laundry: Community
  • Total Bathrooms: 44.00
  • Price Per S Q F T: 328.00

Exterior Features

  • Direction Faces: West
  • Other Structures: None
  • View: City
  • View: Yes

Garage/Parking

  • Garage Spaces: 42
  • Parking Garage: Subterranean
  • Total Parking: 42

Utilities

  • Cooling: Air Conditioning
  • Heating: Central
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 79.49
  • Assessed Improvement Value: 3032690
  • Assessed Land Percent: 20.51
  • Assessed Land Value: 782314
  • Total Assessed Value: 3815004
  • Assessor Parcel Number: 4252-030-044
  • Lot Size Area: 14160

Rental Info

  • Rent Control: No

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 14.23
  • Number Of Units: 21
  • Total Annual Expense: 214418
  • Type Of Units: 4+3,3+2,2+2
  • Vacancy Allow: 16339
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 3

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2024 01/31/24 Sold $7,700,000 -0.6% $327 / Sq Ft
11/15/2023 11/15/23 Pending -- -- --
11/07/2023 11/07/23 For Sale $7,750,000 -- $329 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Nicole Apostolos

    Seller's Agent in 2024

    Nicole Apostolos

    Equity Union

    (818) 747-7442

    1 in this area

    25 Total Sales

    Nicole Apostolos
    Section Image
  • Dana Coronado

    Seller Co-Listing Agent in 2024

    Dana Coronado

    Compass

    (310) 562-9630

    1 in this area

    36 Total Sales

    Dana Coronado
    Section Image
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Map

Source: The MLS

MLS Number: 23-329299

The MLS

California Los Angeles County Los Angeles 90034 Palms

3750 Glendon Ave, Los Angeles, CA

This home is located at 3750 Glendon Ave, Los Angeles, CA 90034 since 07 November 2023. This property was built in 1986. 3750 Glendon Ave is a home located in Los Angeles County with nearby schools including Charnock Road Elementary School, Palms Middle School, and Venice High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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