MLS® ID: 19-481858

3132 S Canfield Ave

Los Angeles, California, 90034

$2,815,000 Looking For Backup
  • 17 Beds
  • 7239 SQFT
We are pleased to announce the sale of 3132 S Canfield Avenue, a 7-unit multifamily property located in the Castle Heights area of Los Angeles, just blocks from the coveted neighborhoods Cheviot Hills, Palms, Pico - Robertson, and Beverlywood. The entire building consists of two- and three-bedroom units with spacious floorplans. A new owner can potentially add value to the property by recapturing the approximately 46% in rent upside, as current rents sit well below those of similar units in this submarket. A savvy investor may seek to upgrade unit interiors with high-end appointments, much like those found in the surrounding upscale neighborhoods. Units of similar age and amenities in the area have benefitted from moderate renovations, commanding rents above $3.00 per rentable square foot.Rancho Park and Hillcrest Country Club are just one mile from the property, while ArcLight Cinemas - Culver City and numerous shopping and dining destinations are within walking distance
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Listing courtesy of Marcus & Millichap

Amenities

  • Zip
    90034
  • Office name
    Marcus & Millichap
  • SQFT
    7239
  • Bedrooms
    17
  • Property type
    Residential Income
  • Zoning type
    LAR3
  • Year built
    1965
  • Lot size
    8005
  • Heating
    Other
  • Tax year
    0
  • Agent name
    Roderick 'Rick' Raymundo
  • Tax amount
    $ 0.0
  • Purchase Type
    Active
  • Area
    Beverlywood Vicinity

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