Property listed by Lyon Stahl Investment Real Estate, Inc., Cameron Samimi 310-425-9838
$1,550,000
10.74 GRM and 6.82% cap in Prime Palms! LOWEST PAYING TENANT WILL VACATE BY END OF YEAR! 3731 Glendon Ave is an amazing opportunity to own six units offered at only $258k/unit. Whether you are long term or a value-add investor, the subject property is the perfect assets to help… Read More achieve your investment goals. 3731 Glendon Ave features a unit mix of (5) 1-Bed/1-Bath and (1) Studio/1-Bath units. This property has undergone significant upgrades in recent years. Select units have been updated with new floors, counter tops, bathrooms, fixtures, etc. This asset offers strong rental upside with a pro-forma 9.52% CAP and 8.09 GRM.
This investment is in one of the most sought-after neighborhoods on the Westside. This location is every renter's dream being only steps from Downtown Culver City, an area boasting many great restaurants, shopping and entertainment. 3731 Glendon Ave is also located near new tech companies such as Google, Meta, Snapchat, Hulu, Sony, HBO and Apple. Read Less
Listing Snapshot
Days Online
6
Last Updated
Property Type
Apartment
Lot Size
0.11 Acres
Year Built
1926
MLS Number
SB26052697
Additional Details
Building
Built in 1926, 1 building, 2 stories, Entry level: 1, Entry location: Front
Community
Urban
Expenses
Operating: $32,270
Income
Gross Income: $137,562, Gross ScheduledIncome: $141,816, Net Operating Income: $90,276
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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