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3707 S Canfield Ave

Los Angeles, CA 90034
  • $3,500,000
  • STATUS: Active
  • ON SITE: 17 Days
  • MLS #: 21-102785
UPDATED: 36 min ago
$3,500,000
  • 10
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,720
    SQFT
  • $521
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1967
County:

School Ratings & Info

Description

This is a great opportunity to own a well-maintained pride-of-ownership building, located in the highly desirable community of Palms, with amazing opportunities in rents and value. This building has had the same owner for years and has drought resistant front landscaping and a gated front entrance and driveway. This property features six (6) one bedroom, one bath units and two (2) two bedroom and two bath units. Four (4) of these units were recently renovated with high-end finishes that can attract very high rental rates. There is also a great opportunity to complete the renovation of three (3) units that were partially renovated and the one (1) unrenovated unit. The soft story retrofitting has not been complete, but the ownership has a bid to complete the work. The building is approximately 6,720 Sq. Ft. situated on an R3-1 TOC Tier 3 zoned 8,387 SF. FT. lot. The building has 8 parking spaces, has an on-site laundry room, is individually metered for gas and electric, and has a newer roof. The property is sold in As-Is, Where-Is condition and may be subject to court confirmation. The property is conveniently located on the West Side of Los Angeles located in the community of Palms, in very close proximity to Culver City. Located just a short distance away are some of LA's hippest retail and restaurants along Venice Boulevard.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-11-26T20:42:51.07. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchdesertrealestate.com/homes/123135246
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3707 S Canfield Ave Los Angeles, CA 90034

  • Price: $3,500,000
  • Status: Active
  • On Site: 17 Days
  • Updated: 36 min ago
  • MLS #: 21-102785
10
Beds
0
Baths
0
½ Baths
0.19
Acres
6,720
SQFT
$521
$/SQFT
1967
Built
Neighborhood:
Beverlywood Vicinity
County:
Los Angeles
Area:
Beverlywood Vicinity
Property Description
This is a great opportunity to own a well-maintained pride-of-ownership building, located in the highly desirable community of Palms, with amazing opportunities in rents and value. This building has had the same owner for years and has drought resistant front landscaping and a gated front entrance and driveway. This property features six (6) one bedroom, one bath units and two (2) two bedroom and two bath units. Four (4) of these units were recently renovated with high-end finishes that can attract very high rental rates. There is also a great opportunity to complete the renovation of three (3) units that were partially renovated and the one (1) unrenovated unit. The soft story retrofitting has not been complete, but the ownership has a bid to complete the work. The building is approximately 6,720 Sq. Ft. situated on an R3-1 TOC Tier 3 zoned 8,387 SF. FT. lot. The building has 8 parking spaces, has an on-site laundry room, is individually metered for gas and electric, and has a newer roof. The property is sold in As-Is, Where-Is condition and may be subject to court confirmation. The property is conveniently located on the West Side of Los Angeles located in the community of Palms, in very close proximity to Culver City. Located just a short distance away are some of LA's hippest retail and restaurants along Venice Boulevard.
Exterior Features

Levels Two Lot Size Area 8386 Other Structures None Parking Garage Assigned Total Parking 8

Interior Features

Baths Total 10.00 Cooking Appliances Cooktop - Gas Cooling Wall Unit(S) Equipment Cable Heating Natural Gas Laundry Community Water Heater Features Central Water Heater

Property Features

Alley YN No Association Pet Rules Call Gross Income 197472 Gross Operating Income 196572 Land Lease Type Fee Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 118806.00 Number Of Buildings 1 Number Of Units 8 Rent Control YN Yes Sale Type Standard Security Features Gated Sewer In Street Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Tenant Pays ElectricityGas Total Annual Expense 74716 Type Of Units Flats Water District Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of D. Timothy Byrne DRE#01186465 of Compass.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-11-26T20:42:51.07. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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