3144 S Canfield Avenue, Los Angeles, CA 90034
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
3144 S Canfield Avenue,Los Angeles, CA 90034
$16,500,000
- 58 Beds
- 58 Baths
- 35,499 sq. ft.
- Multi-family
- Active
Listed by: jacob plewa
Office: remax commercial & investment realty310-802-2500
MLS#:26103187
Source:CRMLS
Price summary
- Price:$16,500,000
- Price per sq. ft.:$464.8
About this home
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....
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Home facts
- Year built:1988
- Listing ID #:26103187
- Added:23 day(s) ago
- Updated:November 12, 2026 at 01:08 PM
Rooms and interior
- Bedrooms:58
- Total bathrooms:58
- Living area:35,499 sq. ft.
Heating and cooling
- Heating:Wall Furnance
Structure and exterior
- Year built:1988
- Building area:35,499 sq. ft.
- Lot area:0.51 Acres
Finances and disclosures
- Price:$16,500,000
- Price per sq. ft.:$464.8
Parking
- Total parking spaces:60
- Parking description:Underground
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