3766 S Canfield Ave new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90034
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,854 sqft
Price per Sqft $618
MLS Listing ID 25507509
Bedrooms 8
Year Built 1962
Lot Size 6,490 Sqft
Property Sub-Type Multi-Family
Property Description
The property is well located in the highly desirable Palms submarket of WLA, adjacent to bustling neighborhoods of Culver City, Santa Monica, etc. With trendy eateries, bars, shops, and iconic beaches just minutes away, the property benefits from a positive trend in asking rents and legendary long-term capital appreciation. The property's proximity to renowned employers such as Sony, Apple, Google, YouTube, and Tesla makes it an attractive location for young, professional renters. The property comprises 9 recorded units, with the unique advantage of being configurable into 11 units, providing flexibility and upside potential for inventors. It offers an efficient mix of studios and 1+1 units,with opportunities for additional upside from ADU conversions and renovations upon turnover. The average current rents for the units are significantly below market rates, presenting tremendous NOI upside.
Location
State CA
County Los Angeles
Area Beverlywood Vicinity
Zoning LAR3
Rooms
Other Rooms None
Interior
Heating Other
Cooling Other, Wall/Window
Equipment None
Laundry Laundry Area
Exterior
Parking Features Attached, Driveway, Carport
Garage Spaces 11.0
Waterfront Description None
Building
Story 2
Others
Special Listing Condition Standard