Property Detail

Description

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.