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Image 1 - 3766 S Canfield Ave, Los Angeles, California, 90034 - House for sale
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Home For Sale In Los Angeles, California
3766 S Canfield Ave, Los Angeles, California, 90034

Home For Sale In Los Angeles, California

house for sale
10 views
Listed: 03/07/24

3766 S Canfield Ave, Los Angeles, California, 90034

8 Bed:
11 Bath:
4,854 Sq Ft Living Area:
Save
Price
$ 3,3M

About This House

3766 S Canfield Avenue is an 9 unit property (configured as 11 units) 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.)

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Los Angeles Housing & Living

Average sale prices for houses

1 bed
2 bed
3 bed
4+ bed
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In May 2024, the asking price for 1 bed houses for sale in/near Los Angeles, United States averaged $1,590,389, an increase of 13.1% from the previous month.
Median price trends for properties for sale in Los Angeles, United States as of May 2024.

Household Income

Median household income: $62,474
Number of households: 1,4M
The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.