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.

Listing courtesy of Jacob Plewa of REMAX COMMERCIAL & INVESTMENT REALTY

Based on information from the The MLS as of 2026-10-24 08:45 PM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.