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Millman Team Real Estate

$16,500,000
58 Bed
58 Bath
35,499 Sqft
0.51 Acre Lot

3144 S Canfield Avenue, Los Angeles, California 90034

  • Residential Income Property Type
  • 35,499 Sqft Square Footage
  • Underground Cars Garage
  • 1988 Year Built
Property 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.

Basic Details
Residential Income
For Sale
26103187
$16,500,000
58
58
35,499 Sqft
1988
0.51 Acre
Active
Features
: Wall Furnace
: Underground
$0
Address Map
CA
Los Angeles
Los Angeles
90034
Canfield
3144
Avenue
W119° 36' 20.8''
N34° 1' 53.9''
Just North of National Blvd West of Robertson Blvd
C09 - Beverlywood Vicinity
S
LAR3
Additional Information
$0
$0
$0
$0
$0
35499
: Three Or More
30
2026-10-19
3
Broker/Agent Information
REMAX COMMERCIAL & INVESTMENT REALTY
Jacob Plewa
Listing Information
CLW-C132252
CLW-X75383
Active
2026-10-27T07:13:57Z
CRMLS
: Standard
2026-10-19T00:00:00Z
Agent info
Jon Millman
21250 Hawthorne Blvd, Suite 750, Torrance, CA 90503
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