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Sold for $7,700,000 · Jan 2024

SOLD

Listed at $7,750,000

Sold

3750 Glendon Avenue, Los Angeles, CA 90034

Los Angeles, CA

MLS# 23329299

23,583 Sq Ft • Property46bd • 44ba
8 days on market

Listing Agent

Nicole Apostolos

Listing Agent

Equity Union

DRE #: 01464936

Brokerage: Equity Union

Property Details

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

Description

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.

Facts & Features

Details

Heating
Central
View
CityLights

Sale history for 3750 Glendon Avenue

1 recorded sale

$7,700,000
Sold January 2024 · listed $7,750,000, on market November 2023, 8 days on market · MLS #23329299 · Source: CRMLS
Listing Agent: Nicole Apostolos · Listing Office: Equity Union · Contact: 818-989-2000 · Bought with: Nicole Apostolos · Equity Union

How this sale compares

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.

$327
This sale, per sq ft
$876
90034 median per sq ft (12 mo)
$1,538,250
90034 median sold price (12 mo)
116
Closed sales in 90034 (12 mo)
8
Days on market
−0.6%
Sold vs. list price
QuarterClosed sales in 90034Median sold price
Q1 20264$1,375,000
Q2 202666$1,535,750
Q3 202636$1,600,000
Q4 202610$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

Recent sales near 3750 Glendon Avenue

Closed sales reported in 90034, nearest first, last 12 months. All recent sales in Los Angeles →

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