3121 S Canfield Ave 9 Unit Apartment Building $2,350,000 ($261,111/Unit) 4.01% Cap Rate Los Angeles, CA 90034

The Sterman Multi-Family Group of Marcus & Millichap is pleased to present 3121 S Canfield Ave, a well-maintained 9-unit apartment community ideally located in the highly desirable Palms neighborhood of Los Angeles. Built in 1963, the property encompasses approximately 8,602 square feet on an 8,002 square foot lot and features a highly attractive unit mix of four (4) one-bedroom/ one-bath units and five (5) two-bedroom/two-bath units. Residents benefit from spacious floor plans, with select units offering private balconies, contributing to strong tenant appeal and long-term rental stability.
Centrally positioned just moments from Culver City, West Los Angeles, and Century City, the property provides residents convenient access to a wide range of dining, shopping, and entertainment options along Venice Boulevard, Culver Boulevard, and nearby commercial corridors. The location is also proximate to major employment hubs, including Silicon Beach, UCLA, and the Westside’s expanding tech and creative sectors.
With excellent connectivity to Interstate 10, Interstate 405, and major thoroughfares, 3121 S Canfield Ave offers seamless access throughout the Westside and greater Los Angeles. Situated in one of LA’s strongest and most supply-constrained rental markets, the property represents an attractive opportunity for investors seeking stable in-place income with long-term upside potential through continued rental growth and strategic unit enhancements.