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$3,250,000

Beds
11
sq ft
7,321

3126 S Canfield Ave, Los Angeles, CA 90034

3126 S Canfield Ave

Los Angeles, CA 90034

  • 388 days on market
    • Price drop $250,000↓
3126 S Canfield Avenue is an 8-unit property 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.)

Details

Property type

Est. home value

$3,851,759

Lot size

8,005 sq ft

Price per sq ft

$444

Year built

1967

Price History

02/13/2024
CLAW

CLAW #23278395

Price change
$3,250,000
-7.14%
11/08/2023
CLAW

CLAW #23278395

Listed
$3,500,000
+46.75%
01/29/2016
CLAW

CLAW #15945401

Sold
$2,385,000

Schools & Community

Neighborhood: 

Beverlywood

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Jpmorgan Chase Bank Na

Loan start date

January 2016

Original loan amount

$1,192,500

Est. remaining balance

Not provided

Interest rate

3.95%

Loan type

Commercial

Seller

435 Mariposa Friends Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 07/01/2024 at 7:50 AM

Listing updated: 03/29/2024 at 5:21 PM

Listed by: Scott Rosenberg, Kidder Mathews of California, Inc. Phone #: (310) 807-0880

MLS: CLAW #23278395

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