46
Bedrooms
Sold for $7,700,000 · Jan 2024
SOLDListed at $7,750,000
Los Angeles, CA
MLS# 23329299
Nicole Apostolos
Listing Agent
Equity Union
DRE #: 01464936
Brokerage: Equity Union
46
Bedrooms
44
Bathrooms
23,583 sqft
Square Feet
1986
Year Built
0.33 acres
Lot Size
$327
Price/Sq Ft
42
Garage Spaces
N/A
HOA
Property
Property Type
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.
Listing description from the January 2024 sale, as reported to CRMLS.
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1 recorded sale
3750 Glendon Avenue sold for $7,700,000 in January 2024, 0.6% under its $7,750,000 list price, after 8 days on the market. That works out to $327 per square foot on 23,583 square feet. Across 116 closed sales in 90034 over the last 12 months, the median sold price is $1,538,250 and the median is $876 per square foot, 168% above this sale's $327.
| Quarter | Closed sales in 90034 | Median sold price |
|---|---|---|
| Q1 2026 | 4 | $1,375,000 |
| Q2 2026 | 66 | $1,535,750 |
| Q3 2026 | 36 | $1,600,000 |
| Q4 2026 | 10 | $1,377,500 |
Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Los Angeles · Homes for sale in 90034
Closed sales reported in 90034, nearest first, last 12 months. All recent sales in Los Angeles →
3750 Glendon Avenue
Contact Nicole Apostolos
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Contact Listing Agent
Equity Union
DRE #01464936
Contact information is not available for this listing.