Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    3729 Glendon Ave Los Angeles, CA 90034

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7073820
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Vibrant Pictures, LLC. / Film Production Company

    Property Details for 3729 Glendon Ave

    Year built
    1965
    Property type
    Commercial real estate
    APN
    4252-029-028

    Description

    This exceptional 4-unit apartment building, located in the highly desirable Palms neighborhood of West Los Angeles, presents a compelling investment opportunity. The property, situated on a 5,606 square foot lot, boasts a total of 5,224 square feet of net rentable space and includes four spacious units: three 3-bedroom, 2-bathroom units and one 2-bedroom, 1-bathroom unit. Key features include an on-site laundry room, eight tandem parking spaces, gated entry, and separate meters for gas and electricity. A soft-story retrofit was completed in 2021, enhancing the building's structural integrity and safety. The building currently generates a net operating income (NOI) of $114,831, representing a 5.23% capitalization rate. However, with a projected NOI of $136,035, a pro-forma cap rate of 6.20% is achievable through interior and exterior renovations, which offer an estimated 28% rental upside. The property is zoned LAR3 and was built in 1965, featuring a two-story structure. The asking price is $2,195,000, translating to $548,750 per unit. Its prime location offers convenient access to major retail, entertainment, technology, and employment centers in Silicon Beach, Culver City, Santa Monica, Beverly Hills, and Downtown Los Angeles. This property is ideal for both long-term investors and owner-users seeking a high-cash-flow asset with significant upside potential. One 3-bedroom unit is currently vacant.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.4101474
    Latitude
    34.0189023

    Comparable in this City

    • $6,295,000
      Pending

      Newer Multifamily in Palms Neighborhood

      Ten-unit multifamily property built in 2019 in West Los Angeles.
      3667 Mentone Ave, Los Angeles, CA 90034
      View Details
    • $1,740,000
      4,378 SF

      West LA Multifamily Investment

      Five-unit multifamily property in prime West Los Angeles location.
      3523 S Sepulveda Blvd, Los Angeles, CA 90034
      View Details
    • $525,000

      Los Angeles Multifamily Property

      Multifamily property for sale in Los Angeles.
      11120 Queensland H57, Los Angeles, CA 90034
      View Details
    • $1,795,000

      Mixed-Use Development Parcel in Los Angeles

      Entitled development parcel for mixed-use building with retail and apartments.
      2502 S Robertson Blvd, Los Angeles, CA 90034
      View Details
    • $6,100,000

      Nine-Unit Townhouse Apartment Building

      Nine-unit townhouse apartment building constructed in 2005, no rent control.
      5820 David Ave, Los Angeles, CA 90034
      View Details
    • $7,500,000
      16,000 SF

      Mixed-Use Multifamily Development Opportunity

      Transit-oriented development opportunity near Metro Expo Line Station in Palms.
      10031 Palms Blvd, Los Angeles, CA 90034
      View Details

    Similar Nearby for Sale

    • $1,795,000

      Mixed-Use Development Parcel in Los Angeles

      Entitled development parcel for mixed-use building with retail and apartments.
      2502 S Robertson Blvd, Los Angeles, CA 90034
      View Details
    • $6,100,000

      Nine-Unit Townhouse Apartment Building

      Nine-unit townhouse apartment building constructed in 2005, no rent control.
      5820 David Ave, Los Angeles, CA 90034
      View Details
    • $7,500,000
      16,000 SF

      Mixed-Use Multifamily Development Opportunity

      Transit-oriented development opportunity near Metro Expo Line Station in Palms.
      10031 Palms Blvd, Los Angeles, CA 90034
      View Details
    • $525,000

      Los Angeles Multifamily Property

      Multifamily property for sale in Los Angeles.
      11120 Queensland H57, Los Angeles, CA 90034
      View Details
    • $6,295,000
      Pending

      Newer Multifamily in Palms Neighborhood

      Ten-unit multifamily property built in 2019 in West Los Angeles.
      3667 Mentone Ave, Los Angeles, CA 90034
      View Details
    • $1,740,000
      4,378 SF

      West LA Multifamily Investment

      Five-unit multifamily property in prime West Los Angeles location.
      3523 S Sepulveda Blvd, Los Angeles, CA 90034
      View Details

    Similar Nearby for Lease

    • $4,400 /Mo

      Apartment for Rent

      Apartment for rent in Los Angeles, CA.
      3200 S Sepulveda Blvd, Los Angeles, CA 90034
      View Details
    • $31 SF/Yr
      12,100 SF

      Prime LA Executive Office Space

      Modern Suites, Abundant Parking, 12,100 SF Available
      3733 Motor Ave, Los Angeles, CA 90034
      View Details
    • Contact for pricing
      9,400 SF

      Prime Venice Blvd. Office Space

      Los Angeles Executive Suites Available
      10401 Venice Blvd, Los Angeles, CA 90034
      View Details
    • $22 SF/Yr
      14,955 SF

      Los Angeles Executive Office Suites

      Modern workspace, prime location, flexible options
      3415 Sepulveda Blvd, Los Angeles, CA 90034
      View Details
    • Contact for pricing
      3,853 SF

      Culver City Creative Office Space

      3,853 SF Flex Space Available Now
      3375 Robertson Pl, Los Angeles, CA 90034
      View Details
    • $3 SF/Yr
      6,100 SF

      Creative Flex/Office Space Available

      Stand-alone creative flex/office space with ample outdoor space.
      3740 Motor Ave, Los Angeles, CA 90034
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3729 Glendon Ave
    Los Angeles, CA 90034
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.