3410 Club Drive presents a rare opportunity to acquire a well-performing 17-unit multifamily property in a highly desirable area in west Los Angeles, adjacent to Cheviot Hills and near Culver City. The property is largely renovated, with 15 of 17 units featuring updated interiors, generating approximately $520,000 in gross annual income and offering strong in-place cash flow. The property features a charming central courtyard, a well-maintained pool, on-site laundry, controlled access, and 18 carport parking spaces, many of which have built-in storage. Excellent Unit Mix of (4) 2+2, (9) 2+1, (4) 1+1. Capital improvements have been completed over time and include predominantly copper plumbing, largely updated electrical systems, and mostly newer windows (buyer to verify). Seismic retrofit earthquake work and required balcony inspections have been completed, reducing future capital exposure. Additional upside exists via two existing non-residential spaces that may be suitable for ADU conversion, presenting potential for future income growth (buyer to verify feasibility with the City). This offering is well-suited for investors, including 1031 exchange buyers, seeking a stabilized asset with durable income and long-term growth potential.
Listing Courtesy of Combined L.A. Westside (CLAW) / Listed By: Linda Light, Coldwell Banker Realty
$2,795,000 (USD)
Los Angeles Area Multi-Family Home
Active
3102 S Canfield Ave Los Angeles, CA 90034
10 Bed
0 Baths
6727 sqft
MLS# 26998771
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.
Listing Courtesy of Combined L.A. Westside (CLAW) / Listed By: Linda Light, Coldwell Banker Realty