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3707 S Canfield Ave, Los Angeles, CA 90034
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3707 S Canfield Ave Los Angeles, CA 90034

$3,380,000 Sold Price as of 12/28/2021
  • 10 Beds
  • 10 Baths
  • 6,720 Sq.Ft.
Sold
$3,380,000 Sold Price as of 12/28/2021 Refinance Your Mortgage
Map preview of 3707 S Canfield Ave, Los Angeles, CA 90034

Property Overview: 3707 S Canfield Ave Los Angeles, CA has 10 bedrooms, 10 bathrooms, 6,720 living square feet and 8,386 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by D. Timothy Byrne | BRE #01186465 | Compass
Co-listed by Laura Brau | BRE #01931500 | Compass
Last checked: 12 minutes ago | Last updated: April 16th, 2024 | Source CRMLS | DOM: 14

Home details

Lot Sq. Ft
8,386
HOA Dues
$0/mo
Year built
1967
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21102785
City
Los Angeles
County
Los Angeles
Time on Site
917 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $2,457
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,695
  • Total Rent: $1,695
  • Pro Forma/Market Rent: $2,457
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,500
  • Total Rent: $2,500
  • Pro Forma/Market Rent: $3,281
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,840
  • Total Rent: $1,840
  • Pro Forma/Market Rent: $2,457
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,460
  • Total Rent: $2,640
  • Pro Forma/Market Rent: $2,460
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,460
  • Total Rent: $2,460
  • Pro Forma/Market Rent: $2,460
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,746
  • Total Rent: $1,746
  • Pro Forma/Market Rent: $3,281
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,830
  • Total Rent: $1,830
  • Pro Forma/Market Rent: $2,457
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.39%
  • Gross Rent Multiplier: 17.7
  • Gross Scheduled Income: --
  • Net Operating Income: $118,806
  • Gross Operating Income: $196,572
  • Laundry Income: $900
  • Other Income 1: $196,572
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 3707 S Canfield Ave

Interior Features
Heating Information
  • Has Heating
  • Natural Gas
Laundry Information
  • Has Laundry
  • Community
Kitchen Information
  • Has Appliances
  • Gas Cooktop
Interior Features
  • Levels: Two
  • Security Features: Gated Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Assigned
Property Information
  • Total # of Units: 8
  • Parcel Number: 4313020045
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
  • Water Source: Public
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: West on Venice, North on Canfield
View more facts & features

Local Los Angeles Agent

Sale History for 3707 S Canfield Ave

Last leased for $3,150 on April 2nd, 2024

  • April, 2024

  • Apr 2, 2024

    Date

    Leased

    CRMLS: 24366417

    $3,150

    Price

  • Mar 8, 2024

    Date

    Active

    CRMLS: 24366417

    $3,250

    Price

  • Listing provided courtesy of CRMLS

    Well maintained 2 bedrooms/2 bathrooms unit on the ground floor. Close to downtown Culver city. Appliances include a refrigerator, gas stove, microwave and dish washer. One assigned parking space.

  • December, 2021

  • Dec 28, 2021

    Date

    Sold

    CRMLS: 21102785

    $3,380,000

    Price

  • Nov 5, 2021

    Date

    Active

    CRMLS: 21102785

    $3,500,000

    Price

  • February, 2021

  • Feb 4, 2021

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 3707 S Canfield Ave

Assessed Value (2020): $271,436
Year Land Value Improved Value Assessed Value
2020 $85,611 $185,825 $271,436

Home Value Compared to the Market

This property vs the competition

3707 S Canfield Ave sold on December 28, 2021 for 194.12% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $520.83 per/sqft which puts the price per square foot 31.02% lower than the current median sale per square foot for the city of Los Angeles.

About 3707 S Canfield Ave

Detailed summary of property

3707 S Canfield Ave is a multi family that recently sold in Los Angeles, CA 90034. This multi family property offered 10 bedrooms, 10 bathrooms, roughly 6,720 living square feet, and sits on an approximately 8,386 square foot lot. 3707 S Canfield Ave was first listed on ArdentRealEstateGroup.com on November 8, 2021. The homeowner sold the property for $3,380,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 194.12% higher than the current median priced home. Local homes that are currently for sale include 1508 S Durango Ave, 1437 Cardiff Ave and 5700 Clemson St. While the average home in Los Angeles, CA is selling in 93 days, 3707 S Canfield Ave has a days on market of 14 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 3707 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 3707 S Canfield Ave

Public county record property details
Beds
10
Baths
10
Year built
1967
Sq. Ft.
6,720
Lot Size
8,386
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
47
APN
4313-020-045

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
$2,079,000
Median Sold Price/Sq.Ft.
$899
Total Inventory
44
Median Sale to List Price %
100%
Avg Days on Market
27
Loan Type
Conventional (0%), FHA (0%), VA (5.88%), Cash (5.88%), Other (11.76%)

Thinking of Selling?

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Recently Sold Homes Near 3707 S Canfield Ave

3750 S Canfield Ave, Los Angeles, CA 90034
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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.

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