3132 S CANFIELD Avenue, Los Angeles, CA 90034

About this property

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

Listing description from the January 2020 sale, as reported to CRMLS.

Sale history

$2,725,000

Sold January 2020 · listed $2,815,000, on market June 2019 · MLS #19481858 · Source: CRMLS

Listing Agent: Roderick 'Rick' Raymundo · Listing Office: Marcus & Millichap · Contact: 818-212-2700 · Bought with: Roderick 'Rick' Raymundo · Marcus & Millichap

$2,200,000

Sold September 2015 · listed $2,220,000, on market June 2015 · MLS #15911473 · Source: CRMLS

Listing Agent: Eric White · Listing Office: Marcus & Millichap · Contact: 310-909-5500 · Bought with: Subscriber Non · Non-Participant Office

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