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.
Property Details
Price:
$3,000,000
MLS #:
25507509
Status:
Active
Baths:
0
Address:
3766 S Canfield Avenue
Type:
Residential Income
Neighborhood:
c09beverlywoodvicinity
City:
Los Angeles
Listed Date:
Mar 5, 2025
State:
CA
ZIP:
90034
Lot Size:
6,490 sqft / 0.15 acres (approx)
Year Built:
1962
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Schools
Interior
Cooling
Wall/ Window Unit(s)
Exterior
Parking Features
Driveway, Carport
Parking Spots
11.00
Stories Total
2
Financial
Map
Community
- Address3766 S Canfield Avenue Los Angeles CA
- AreaC09 – Beverlywood Vicinity
- CityLos Angeles
- CountyLos Angeles
- Zip Code90034
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3766 S Canfield Avenue
Los Angeles, CA
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