3126 S Canfield Ave, Los Angeles, CA 90034
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3126 S Canfield Ave Los Angeles, CA 90034

$3,250,000
  • 14 Beds
  • 13 Baths
  • 7,321 Sq.Ft.
For Sale
$3,250,000 Get Pre-Qualified

Map preview of 3126 S Canfield Ave, Los Angeles, CA 90034

Property Overview: 3126 S Canfield Ave Los Angeles, CA has 14 bedrooms, 13 bathrooms, 7,321 living square feet and 8,005 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 3126 S Canfield Avenue is an 8-unit property 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.)

Listed by Scott Rosenberg | BRE #01456686 | Kidder Mathews of California, Inc.
Last checked: 56 seconds ago | Last updated: March 30th, 2024 | Source CRMLS | DOM: 322
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Home details

Lot Sq. Ft
8,005
HOA Dues
$0/mo
Year built
1967
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
23278395
City
Los Angeles
County
Los Angeles
Time on Site
328 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,790
  • Total Rent: $5,372
  • Pro Forma/Market Rent: $6,600
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,099
  • Total Rent: $8,394
  • Pro Forma/Market Rent: $11,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,834
  • Total Rent: $2,834
  • Pro Forma/Market Rent: $3,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4%
  • Gross Rent Multiplier: 16.2
  • Gross Scheduled Income: --
  • Net Operating Income: $129,972
  • Gross Operating Income: $199,200
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 3126 S Canfield Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Covered
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 8
  • Parcel Number: 4311026015
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Located in the Beverlywood Vicinity, close to other great neighborhoods such as Palms/Mar Vista and Culver City.
View more facts & features

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Sale History for 3126 S Canfield Ave

Last leased for $1,995 on January 29th, 2024
  • January, 2024

  • Jan 29, 2024

    Date

    Leased

    CRMLS: 23338547

    $1,995

    Price

  • Jan 10, 2024

    Date

    Active

    CRMLS: 23338547

    $2,000

    Price

  • Listing provided courtesy of CRMLS

    1 Bed, 1 Bath in ideal location! Features laminate hardwood flooring throughout, clean updated bathroom and spacious closets in bedroom! Minutes from the restaurants and shops on Robertson Blvd, Downtown Culver City and the Farmers market and blocks from the Metro Line Expo Line Other features include: 1 car parking and shared laundry room on site.

  • June, 2023

  • Jun 7, 2023

    Date

    Active

    CRMLS: 23278395

    $3,500,000

    Price

  • December, 2022

  • Dec 5, 2022

    Date

    Leased

    CRMLS: 22220919

    $1,995

    Price

  • Nov 29, 2022

    Date

    Active

    CRMLS: 22220919

    $1,995

    Price

  • Listing provided courtesy of CRMLS

    1 Bed, 1 Bath in ideal location! Features laminate hardwood flooring throughout, clean updated bathroom and spacious closets in bedroom! Minutes from the restaurants and shops on Robertson Blvd, Downtown Culver City and the Farmers market and blocks from the Metro Line Expo Line Other features include: 1 car parking and shared laundry room on site.

  • July, 2022

  • Jul 18, 2022

    Date

    Leased

    CRMLS: 22176147

    $1,995

    Price

  • Jul 6, 2022

    Date

    Active

    CRMLS: 22176147

    $1,995

    Price

  • Listing provided courtesy of CRMLS

    Available now, this 1 Bed, 1 Bath is in an ideal location! Features laminate hardwood flooring throughout, clean updated bathroom and spacious closets in bedroom! Kitchen features refrigerator, range/oven, ample cabinetry and space for a dining room table. This unit is minutes from the restaurants and shops on Robertson Blvd, Downtown Culver City and the Farmers market! And only blocks from the Metro Line & Expo Line. Other features include: 1 car parking and shared laundry room on site.

  • November, 2021

  • Nov 24, 2021

    Date

    Leased

    CRMLS: 21100343

    $1,875

    Price

  • Oct 29, 2021

    Date

    Active

    CRMLS: 21100343

    $1,875

    Price

  • Listing provided courtesy of CRMLS

    1 Bed, 1 Bath in ideal location! Features laminate hardwood flooring throughout, clean updated bathroom and spacious closets in bedroom! Minutes from the restaurants and shops on Robertson Blvd, Downtown Culver City and the Farmers market and blocks from the Metro Line Expo Line Other features include: 1 car parking and shared laundry room on site.

  • July, 2018

  • Jul 28, 2018

    Date

    Expired

    CRMLS: 18348958

    $3,000,000

    Price

  • May 30, 2018

    Date

    Active

    CRMLS: 18348958

    $3,000,000

    Price

  • Listing provided courtesy of CRMLS

    Good location in Palms/Beverlywood, adjacent to Culver City. Unit mix of (3) one bedroom, one bath (4) two bedroom, two bath and (1) thee bedroom, two bath units. On-site laundry room and parking for 8 to 9 cars. High demand rental neighborhood with upside in the rents. Close to the new Expo Line and downtown Culver City. Please see offering memorandum under Docs.

  • January, 2016

  • Jan 29, 2016

    Date

    Sold (Public Records)

    Public Records

    $2,385,000

    Price

  • July, 2013

  • Jul 18, 2013

    Date

    Sold (Public Records)

    Public Records

    $841,000

    Price

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Tax History for 3126 S Canfield Ave

Assessed Value (2020): $2,585,200
Year Land Value Improved Value Assessed Value
2020 $1,623,648 $961,552 $2,585,200

Home Value Compared to the Market

This property vs the competition

3126 S Canfield Ave is listed 165.31% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $443.93 per/sqft which puts the price per square foot 42.64% lower than the median price per square foot for the city of Los Angeles.

About 3126 S Canfield Ave

Detailed summary of property

3126 S Canfield Ave is a multi family located in Los Angeles, CA 90034 and is currently for sale. This multi family property offers 14 bedrooms, 13 bathrooms, roughly 7,321 living square feet, and sits on an approximately 8,005 square foot lot. 3126 S Canfield Ave was first listed on ArdentRealEstateGroup.com on June 8, 2023. The homeowner is currently asking $3,250,000 and was originally asking $3,500,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 165.31% higher than the median priced home. Local competing homes currently for sale include 1508 S Durango Ave, 3610 Westwood Blvd and 1119 Rexford Dr. While the average home in Los Angeles, CA is selling in 96 days, 3126 S Canfield Ave has a days on market of 322 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 3126 S Canfield Ave Los Angeles, CA 90034 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3126 S Canfield Ave

Public county record property details
Beds
11
Baths
13
Year built
1967
Sq. Ft.
7,321
Lot Size
8,005
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
45
APN
4311-026-015

The source for these homes facts are from public records.

90034 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,899,000
Median List Price/Sq.Ft.
$932
Median Sold Price
$1,785,000
Median Sold Price/Sq.Ft.
$1,017
Total Inventory
45
Median Sale to List Price %
99.17%
Avg Days on Market
18
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (7.69%), Other (7.69%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.