3326 S Canfield Ave - Apartments FOR SALE


Los Angeles, CA 90034- Cheviot Hills
$2,450,000 USD
805-338-9232
3326 S Canfield Ave, Los Angeles, CA for Sale
$2,450,000 USD
Apartments - FOR SALE
1/20
null | 5.07% Cap Rate

3326 S Canfield Ave
Los Angeles, CA 90034
Cheviot Hills


HIGHLIGHTS

  • Well-maintained nine-unit building with updated interiors and attractive floor plans
  • Prime location in Castle Heights with immediate access to Century City, Beverly Hills, and Culver City
  • Strong accessibility via nearby I-10 Freeway and numerous public transit options
  • Recent capital improvements include a new roof, HVAC units, and copper plumbing
  • Ample parking with thirteen private spaces, including tuck-under and open spaces
  • Walk Score of 82 supports tenant convenience for shopping and dining within walking distance

OVERVIEW

NAI Capital Commercial is pleased to present 3326 S Canfield Ave,a pride of ownership multifamily property in Castle Heights, one of Los Angeles’ most desirable areas. Originally constructed in 1959, the approximately 6,032 SF building rests on an approximately 0.18 AC (8,003 SF) lot. The property has been very well maintained and features two levels of one bed, one bath units, with thirteen private parking spaces plus ample street parking. Tenants enjoy spacious private balconies, individual wall heaters and separate window AC units, as well as nicely manicured landscaping. Approximately half of the units have been updated in the last five years, featuring new appliances, vinyl flooring, and remodeled interiors. Units are separately metered for utilities. Parking consists of three tuck unders and three tandem open spaces at the front of the building, and seven open parking spaces at the rear of the property. Savvy investors will enjoy a stable income stream in a highly desirable area of Los Angeles. It also has a small office that could be converted to a bachelor unit for additional income. The spacious, well lit units have attractive floor plans, and benefit from the meticulous attention of long term private client ownership plus professional management. Recent capital improvements include a new roof, several new HVAC units, and copper plumbing. Castle Heights is a tranquil and upscale community on the west side of Los Angeles. With a low population density, mature trees and picturesque streets, the Castle Heights area gives a quiet neighborhood feel while also offering proximity to a vibrant urban lifestyle. The high-rise office buildings and luxury retail of Century City are just to the neighborhood’s north. Beverly Hills, Culver City and West L.A. are all blocks away, and the area has convenient access to downtown L.A. and Santa Monica as well. The property has a Walk Score of 82 – Very Walkable, and enjoys easy accessibility via car thanks to its location adjacent to the 10 Freeway at National Blvd.

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$311 USD /SF

# OF UNITS

9

PRICE/UNIT

$272,222

CAP RATE

5.07%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

13

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

LAR3

APN/PARCEL ID

4311-025-008

ASK ABOUT THIS PROPERTY

Rose O'SullivanNAI CapitalMore Info
805-338-9232

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Rose O'SullivanNAI CapitalMore Info
805-338-9232

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.