3144 S Canfield Avenue, Los Angeles, California 90034

  • $16,500,000
3144 S Canfield Avenue, Los Angeles, California 90034
Active
3144 S Canfield Avenue, Los Angeles, California 90034
3144 S Canfield Avenue, Los Angeles, California 90034
  • $16,500,000

Description

Rare opportunity to acquire The Canfield, a RSO exempt 30-unit trophy multifamily asset in the coveted Castle Heights neighborhood of Los Angeles’ Westside. Built in 1988 exempt from LA RSO the property spans approximately 35, 499 SF on a 22, 097 SF LAR3 lot and features exceptionally spacious residences: 28 two-bedroom/two-bath units averaging 1, 100 SF, one 1, 800 SF three-bedroom/two-bath, and one one-bedroom, many with private balconies and updated modern interiors. Residents enjoy a resort-style courtyard with sparkling pool and sundeck, elevator, controlled access, on-site laundry, and subterranean parking. The location is the definition of prime Westside: a quiet residential enclave minutes to Culver City, Beverly Hills, Century City, and Santa Monica, a 2-minute drive to downtown Culver City’s dining and creative scene, a 13-minute walk to the Metro E Line, and easy access to the 10 and 405 freeways. Tenant demand is anchored by Sony Pictures Studios, the Culver City creative economy, Century City, and Kaiser Permanente West LA, in a zip code with a $105, 701 median household income, 76% renter occupancy, and a $2.1M median home price. The offering presents stable in-place income with a clear path to upside current rents average $3.06/SF against $3.37/SF at market, growing NOI from $806, 482 to $928, 178 and the cap rate from 4.89% to 5.63% with none of the rent-increase limitations of LA’s pre-1979 housing stock. An exceptional opportunity for investors seeking scale, quality 1988 construction, and operational freedom in one of Los Angeles’ most supply-constrained submarkets.

  • Address 3144 S Canfield Avenue, Los Angeles, California 90034
  • City Los Angeles
  • State/county CA
  • Zip/Postal Code 90034
  • Country US

Details

Updated on October 27, 2026 at 7:13 am
  • Property ID: 26103187
  • Price: $16,500,000
  • Property Size: 35499 Sqft
  • Land Area: 0.5074 Acres
  • Bedrooms: 58
  • Bathrooms: 58
  • Year Built: 1988
  • Property Type: Residential Income
  • Property Status: Active

Additional details

  • Heating: Wall Furnace
  • County: Los Angeles
  • Property Type: Residential Income
  • Parking: Underground

Contact Information

View Listings
Hoyt Hochman

Enquire About This Property

Compare listings

Compare
Hoyt Hochman
  • Hoyt Hochman