Skip To Content

3707 S Canfield Avenue

Los Angeles (City), CA 90034
  • $3,500,000
  • STATUS: Active
  • ON SITE: 26 Days
  • ID#: 21102785
UPDATED: 20 min ago
$3,500,000
  • 0
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1967
County:

School Ratings & Info

Listing Agent: D. Timothy Byrne of Compass and Laura Brau of


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.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-05T19:26:00.673. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
www.themarellygroup.com/homes/123136946
Print Image

3707 S Canfield Avenue Los Angeles (City), CA 90034

  • Price: $3,500,000
  • Status: Active
  • On Site: 26 Days
  • Updated: 20 min ago
  • ID#: 21102785
0
Beds
0
Baths
0
½ Baths
0.19
Acres
1967
Built
Neighborhood:
C09 - Beverlywood Vicinity
County:
Los Angeles
Area:
C09 - 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

Parking Features Assigned Parking Total 8

Interior Features

Appliances Gas Cooktop Heating Natural Gas Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Community Features Gated Disclosures Rent ControlTrust/Conservatorship Gross Income 197472 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 118806 New Construction YN No Possession Close Of Escrow Rent Control YN Yes Security Features Gated Community Senior Community YN No Sewer Other Special Listing Conditions Standard Tenant Pays ElectricityGas Vacancy Allowance Rate 0 Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-05T19:26:00.673. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_367539073-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_367539073-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_367539073-1.jpg
Logo
The Marelly Group | Sentry Residential
5256 South Mission Rd, Suite 1006
Bonsall CA, 92003
Listing Agent: D. Timothy Byrne of Compass and Laura Brau of