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$2,795,000
Est. payment /mo
10 Beds
10 Baths
6,727 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 6,727 sqft
Price per Sqft $415
MLS Listing ID 26998771
Bedrooms 10
HOA Y/N No
Year Built 1961
Lot Size 7,988 Sqft
Property Description
Located at 3102 S. Canfield Avenue, this well-maintained 10-unit apartment building offers an excellent opportunity for investors looking to expand their multi-family portfolio or complete a 1031 tax-deferred exchange. Generating approximately $245,000 in annual gross income, the property features a desirable unit mix consisting of (8) 1Bd/1Ba units, (1) 2Bd/1.5Ba unit, and (1) 0Bd/1Ba unit. The building has benefitted from numerous improvements, including upgrades to most units, predominately copper plumbing, and mostly newer windows. The earthquake retrofit work has been completed, along with balcony inspections. Situated on a spacious corner lot, the property features ample on-site parking of 11 spaces and 3 individual garages, convenient community laundry, and easy access to major freeways, shopping, dining, and neighborhood amenities. With strong existing income, substantial capital improvements, and a desirable Los Angeles location, this property presents an attractive opportunity for buyers seeking a well-positioned, income-producing multi-family asset.
Location
State CA
County Los Angeles
Area C09 - Beverlywood Vicinity
Zoning LAR3
Interior
Interior Features Ceiling Fan(s)
Heating Wall Furnace
Fireplace No
Appliance Dishwasher, Disposal, Microwave, Refrigerator
Laundry Common Area
Exterior
Parking Features Assigned, Door-Multi, Detached Carport, Garage
Pool None
Private Pool No
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4311026020
Special Listing Condition Standard
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Listed by Linda Light Coldwell Banker Realty #00786737
Nearby Locations
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