Los Angeles, CA 90034,3766 S Canfield Avenue
Los Angeles, CA 90034,3766 S Canfield Avenue
Los Angeles, CA 90034,3766 S Canfield Avenue
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$3,000,000
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4,854 SqFt
Active

3766 S Canfield Avenue Los Angeles, CA 90034

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Vid Cotarta

Vid Cotarta

Right Solution Realty

+1(510) 410-3999

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Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 4,854 sqft

Price per Sqft $618

MLS Listing ID CL25507509

HOA Y/N No

Year Built 1962

Lot Size 6,490 Sqft

Acres 0.15

Property Sub-Type Other

Property Description

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.

Location

State CA

County Los Angeles

Zoning LAR3

Interior

Cooling Wall/Window Unit(s)

Fireplace No

Building

New Construction No

Others

Tax ID 4313021015


Bridge MLS
Listed by Scott Rosenberg • Kidder Mathews of California, Inc.

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Vid Cotarta

Broker Associate | License ID: 01962807

+1(510) 410-3999

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3766 S Canfield Avenue