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.
Linda Light
00786737 CA
Mobile
(310) 963-7010
Listing Courtesy of Combined L.A. Westside (CLAW) / Listed By: Linda Light, Coldwell Banker Realty
$1,399,000 (USD)
Malibu Area Land
Active
18439 Wakecrest Dr Malibu, CA 90265
Bed
0 Baths
sqft
MLS# 26853763
Ocean in front - mountains behind - and just above the Getty Villa! The Sunset Mesa bluff overlooks all things iconic - sandy beaches, views of the Queen's Necklace by night and Catalina Island by day. This prime parcel of approx. 7,900 square feet awaits your vision to build anew in this secluded community; distinguished by underground utilities, broad sidewalks and wide streets as well as a dedicated community tract wastewater infrastructure - standard public sewer plumbing, not septic. Boasting easy access to the heart of culture & cuisine in either direction on PCH, hiking trails and historic landmarks - all aligning to create coastal magic! Sunset Mesa's CC&R's/(SMPOA)/Sunset Mesa's Architectural Committee guide the comprehensive approval process with provisions to protect ocean view corridors (through height restrictions), prevent overbuilding and sustain the neighborhood's enduring appeal. Phase 1 EPA remediation and Phase 2 debris removal by the U.S. Army Corps of Engineers have both been completed.
Caitlin Taylor "Taylor" Light
02084441 CA
Mobile
(310) 963-6768
Listing Courtesy of Combined L.A. Westside (CLAW) / Listed By: Caitlin Taylor "Taylor" Light, Coldwell Banker Realty