Description

750 Glendon is an ideally located 23,583 Square foot building situated on a 14,160 SF lot with LAR3 TOC Tier 3 zoning. The property is comprised of 21 units averaging over 1,100 SF each. The property has a great range of unit types ranging from one bedroom & one bathroom to four bedrooms and three bathrooms, with the majority being two bedrooms and two bathrooms. The building has been well maintained by the same family since it was built, and it has never been on the market. Most rents are eligible to be raised by 10%. The interior boasts wood flooring and high ceilings in all top floor units. Most units have gas fireplaces, and there are 3 laundry rooms. Each unit is separately metered for gas and electricity. There are 42 parking spaces in total, on 1 level of subterranean parking. Built in 1986, the property is not subject to Los Angeles Rent Stabilization Ordinance, only State of CA AB 1482.

 

Location

The property is well located near Venice Blvd, Palms Blvd and Overland Ave. It is adjacent to Culver City, which has seen an incredible amount of new developments and increase in property values recently. The property is also near LAX, Santa Monica Airport and a whole host of favorable locations and services. In addition, the area is deemed very walkable with a walk score of 93 making most errands accomplishable by foot. The building has the advantage of being close to Sony Pictures Studios, a number of entertainment industry company offices and post production houses, making it ideal for attractive jobs and low commute times. There are various shops, malls, restaurants and desirable locations in the local vicinity. 3750 Glendon Ave is a great opportunity for an investor to buy a property with strong rental upside potential!