3132 S Canfield Ave
Los Angeles, CA 90034

Marcus & Millichap is pleased to announce the sale of 3132 S Canfield Avenue, a 7-unit multifamily property located in the Castle Heights area of Los Angeles, just blocks from the coveted neighborhoods Cheviot Hills, Palms, Pico - Robertson, and Beverlywood. Situated near the intersection of Robertson Boulevard and National Boulevard, the building is just one block from Hamilton High School. The entire building consists of two- and three-bedroom units with spacious floorplans. A new owner can potentially add value to the property by recapturing the approximately 46% in rent upside, as current rents sit well below those of similar units in this submarket. A savvy investor may seek to upgrade unit interiors with high-end appointments, much like those found in the surrounding upscale neighborhoods. Units of similar age and amenities in the area have benefitted from moderate renovations, commanding rents above $3.00 per rentable square foot. Rancho Park and Hillcrest Country Club are just one mile from the property, while ArcLight Cinemas – Culver City and numerous shopping and dining destinations are within walking distance. Tenants also enjoy convenient access to the 10 Freeway via the Robertson Boulevard and National Boulevard onramps, each merely blocks from the property.