3766 South Canfield Avenue

Los Angeles, CA 90034

$3,300,000
Price
8
Beds
11
Baths
4,854 Sq. Ft.
$680 / Sq. Ft.
4,854
Sq. Ft.
$680
per Sq. Ft.

Description

3766 S Canfield Avenue is an 9 unit property (configured as 11 units) 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....3766 S Canfield Avenue is an 9 unit property (configured as 11 units) 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.)
  1. Listed by Scott Rosenberg • DRE #01456686 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.

Property Details for 3766 South Canfield Avenue

Water Front
None
Zoning
LAR3
Cross Streets
Venice Blvd
Parcel Number
4313021015
Total Units
11.0
Living Area
4854
Source Living Area
Vendor Enhanced
Area
Beverlywood Vicinity (C09)

Location

Listing Courtesy of Kidder Mathews of California, Inc., Scott Rosenberg, DRE #01456686
Add your commute
LISTING UPDATED: 03/29/2024 05:07 PM

Property Details for 3766 South Canfield Avenue

StatusActive
MLS #23-278373
Days on Market330
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
Lot Size0.15 AC / 6,428 SF
CountyLos Angeles County

Location

Listing Courtesy of Kidder Mathews of California, Inc., Scott Rosenberg, DRE #01456686
Add your commute

Building Information for 3766 South Canfield Avenue

Stories2Residences-Year Built1962Building Size-Lot Size0.15 AC / 6,428 SF

Payment Calculator

$20,169 per month

30 year fixed, 7.25% Interest

Principal and Interest

$18,009

Property Taxes

$2,160

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3766 South Canfield Avenue

Community / Development
Community / Development
  • Number Of Units: 11
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Varies
  • Direction Faces: West
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $219,945
  • Net Operating Income: $145,811.00
  • Gross Income: $224,892
  • Cap Rate: 4.42%
  • Gross Rent Multiplier: $14.56
  • Financial Info as Of: 02/12/2024
  • Total Annual Expense: 74135
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1476
  • Lot Size Square Feet: 6428
  • Lot Size Dimensions: 50x125
  • Source Lot Size Dimensions: Assessor
Parking Details
Parking Details
  • Parking Garage: Attached, Driveway, Carport
  • Total Parking: 0
  • Parking Features: Driveway, Carport
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Other, Wall/Window
  • Heating Type: Other
  • Equipment: None
  • Laundry: Laundry Area
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structural Features: Balcony
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 06-08-2023
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,450.00
  • Unit Actual Rent: $7,251.00
  • Unit Projected Rent: $8,250.00
  • Like Units: 5
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,878.00
  • Unit Actual Rent: $9,390.00
  • Unit Projected Rent: $11,250.00
  • Like Units: 5
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,100.00
  • Unit Actual Rent: $2,100.00
  • Unit Projected Rent: $2,600.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108

Property History for 3766 South Canfield Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3766 South Canfield Avenue

Taxable ValueLand$1,455,525Additions$618,019Total$2,073,544
Tax Record2023$25,919 ($2,160 / month)
Home Facts
Total Finished SqFt4,854 SqFtAbove Grade Finished SqFt4,854 SqFtLot Size6,428 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningLAR3CountyLOS ANGELESAPN4313-021-015

Schools near 3766 South Canfield Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Palms Elementary School
PublicK to 5

Palms Middle School
Public6 to 8

Alexander Hamilton Senior High School
Public9 to 12

Cheviot Hills Continuation School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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3766 South Canfield Avenue is a multi-family home for sale in Los Angeles, CA 90034. This property was listed for sale on June 7, 2023 by Kidder Mathews of California, Inc., it's currently listed at $3,300,000. It has been on the market for a total of 330 days and was last sold on April 17, 2015. This listing's school district is Los Angeles Unified School District. Nearby schools include Palms Elementary School, Palms Middle School and Alexander Hamilton Senior High School. 3766 South Canfield Avenue is a 8-bed, 11-bath, 4,854 sqft multi-family home built in 1962.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Kidder Mathews of California, Inc., Scott Rosenberg, DRE #01456686

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.