Los Angeles, CA 90034 3126 S Canfield Avenue

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Presented By: Scott Rosenberg with Kidder Mathews of California, Inc.;
  • MLS# 23278395
  • 06/08/2023
  • Request Tour
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  • BedBeds • 11
  • BathBaths • 13
  • FootageSQFT • 7,321

Home Details

3126 S Canfield Avenue is an 8-unit property that is part of the "Canfield Portfolio," a 2-property multifamily portfolio opportunity located in highly desirable Palms submarket of WLA, adjacent to bustling neighborhoods of Culver City, Santa Monica, etc. The "Canfield Portfolio" offers a diverse mix of unit types, ranging from studios to 3+2 units, with opportunities for additional upside from ADU conversions, renovations upon turnover and even potential condo conversions. The average current rents for the units are significantly below market rates, presenting an approximate 25% NOI upside across the portfolio. With its prime West Los Angeles locations, distinctive features, overall condition, and upside potential, the "Canfield Portfolio" presents an outstanding opportunity for qualified investors looking to meaningfully expand their real estate investment portfolio in WLA. (Each asset may be purchased separately or together.)
Presented By: Scott Rosenberg with Kidder Mathews of California, Inc.;

Interior Features for 3126 S Canfield Avenue

Bedrooms

Total Bedrooms11

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths13

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Street SuffixAvenue
Total Stories2

General for 3126 S Canfield Avenue

Additional Parcels Y/NNo
AppliancesDryer, Washer
Attached Garage No
Cap Rate4.0
Carport Y/NNo
CityLos Angeles
CoolingWallWindowUnits
CountyLos Angeles
Days on Market296
DirectionsLocated in the Beverlywood Vicinity, close to other great neighborhoods such as Palms/Mar Vista and Culver City.
Garage Y/NNo
Gross Income199200.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet8005.0
MLS AreaC09 - Beverlywood Vicinity
MobileHomeRemainsYNNo
Net Operating Income129972.0
New ConstructionNo
Occupancy TypeTenant
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NameCanfield
Total Units8
View Y/NNo
Waterfront Y/NNo
Year Built1967
ZoningLAR3

Exterior for 3126 S Canfield Avenue

Building Area Total7321.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1838
Lot Size Area8005.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesCovered
SpaNo
Total Parking0.0

Additional Details

Price History

1527188455

First Team Client Services

Price $3,250,000
MLS#23278395
List Date 06/08/2023
Property Type Multi-Family
Phone 714.964.3311
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