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3121 S Canfield Ave

Los Angeles, CA
Price:
$2,350,000
Units:
9
GRM:
13.49
Cap Rate:
4.01%
Gross Rentable Area
8,602
  • 9‑Unit Apartment Community | 1963 Construction
  • Atractive Unit Mix: (4) One‑Bedroom / One‑Bath Units and (5) Two‑Bedroom / Two‑Bath
  • Units Select Units Featuring Private Balconies
  • Seismic Retrofit Completed
  • Significant Upside in Rents- Current Rents 65% Below Market
  • Prime Westside Location near Culver City, Century City, and West Los Angeles
  • Excellent Access to I‑10 and I‑405 Freeways, major employment hubs, and transit corridors
  • Located in a Supply‑Constrained Rental Market with consistent long‑term demand

The Sterman Multi-Family Group of Marcus & Millichap is pleased to present 3121 S Canfield Ave,a well-maintained 9‑unit apartment community ideally located in the highly desirable Palmsneighborhood of Los Angeles. Built in 1963, the property encompasses approximately 8,602 squarefeet on an 8,002 square foot lot and features a highly attractive unit mix of four (4) one-bedroom/one-bath units and five (5) two-bedroom/two-bath units. Residents benefit from spacious floor plans,with select units offering private balconies, contributing to strong tenant appeal and long-termrental stability.

Centrally positioned just moments from Culver City, West Los Angeles, and Century City, the propertyprovides residents convenient access to a wide range of dining, shopping, and entertainmentoptions along Venice Boulevard, Culver Boulevard, and nearby commercial corridors. The locationis also proximate to major employment hubs, including Silicon Beach, UCLA, and the Westside’sexpanding tech and creative sectors.

With excellent connectivity to Interstate 10, Interstate 405, and major thoroughfares, 3121 S CanfieldAve offers seamless access throughout the Westside and greater Los Angeles. Situated in one ofLA’s strongest and most supply‑constrained rental markets, the property represents an attractiveopportunity for investors seeking stable in-place income with long-term upside potential throughcontinued rental growth and strategic unit enhancements.

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