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1489 South Canfield Avenue
Los Angeles, CA 90035


Property Remarks

We are pleased to present the opportunity to acquire 1489 South Canfield Avenue - a 15-unit apartment community located just south of Pico Boulevard between Doheny Drive and Robertson Boulevard, in Beverlywood.Originally constructed in 1964, this mid-sized apartment community offers an astute investor an excellent opportunity to enhance the asset as one of the fifteen units will be delivered vacant at close of escrow. The building is situated on a large 11,910 square foot parcel and consists of one three story structure above covered parking. The asset boasts large floor plans and a mix that consists of one studio unit that is approximately 500 square feet, two one-bedroom / one-bathroom units averaging 950 square feet, eleven two-bedroom / two-bathroom units averaging 1,300 square feet, and one three-bedroom / two-bathroom unit approximately 1,600 square feet.

Property Details

MLS#
18325114
Days on Market
37
Year Built
1964
Stories
3
Building/Living Area (sq ft)
19,900
Source of SqFt
Vendor Enhanced
Source of Lot Size
Vendor Enhanced

Location

State
CA
County
Los Angeles
Area
Beverlywood Vicinity (C09)

Presented By:

John Skinner
Brentwood CalBRE# 01309981 310.486.5962 mobile Contact Me Visit My Website

Listing provided courtesy of Filip Niculete , Marcus & Millichap


Exterior

Lot Acreage
0
Paved
No
Waterfront
No


Interior

Interior Features
Other

Additional Property Details

Number of Units
15
Parking Spaces
19
Number of Buildings
1
Gross Operating Income
$360,369
Total Expense
$146,533
ADA Compliance
No

AC/Cooling
Other
Heating
Other
Parking
Other

Beverlywood

Beverlywood offers the charms of a tree-lined neighborhood with local parks, restaurants, and shops. Beverlywood is an incorporated community established in the 1940s by the Walter H. Leimert Company (also of Leimert Park fame) and was designed as a high-end residential community.

Real Estate: Beverlywood real estate for sale often consists of single family residences on large lots. Because Beverlywood is an incorporated community and the developers placed covenants, conditions, and restrictions on all the land in the area making it similar to the rules of a condo association.

Community Life: Many residents enjoy the public parks in the area including Irving Schachter Park and Circle Park which is private for the residents of the area. The Beverlywood Bakery is the oldest bakery in Los Angeles, serving the community since 1946.

Education: Beverlywood is served by the Los Angeles Unified School District.Local schools include Canfield Avenue School, Castle Heights School, Cheviot Hills Continuation School, Palms School, and Hamilton High School.

Transportation: This area is easily accessed by the 10 Freeway. Public transportation including L.A. Metro buses and the Santa Monica Big Blue Bus are located nearby.

Local Attractions: This is mostly a residential community but it is located near the Museum of Tolerance. The Pico-Robertson area offers many terrific restaurants.

Community Explorer

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