$14,700,000
3717 Cardiff Avenue is a 45-unit value-add opportunity located in one of Los Angeles' most dynamic and walkable rental submarkets, just steps from Culver City. Offered for the first time in over 50 years, 3717 Cardiff Avenue represents a rare generational asset that has been meticulously maintained throughout ownership. Built in 1973, the property features a unique layout with expansive floor plans, in-unit fireplaces, and a unit mix designed to meet the needs of today's renter seeking both space and functionality. The asset includes gated access, a combination of semi-subterranean gated and tuck under parking, elevator service, and private outdoor space across a majority of units. The property consists of thirty-one (31) one-bedroom/one-bathroom units and fourteen (14) two-bedroom/two-bathroom units. The scale, unit mix, and overall layout create a highly livable environment that differentiates the asset from more dense, modern product. While the property has been consistently well maintained, the interiors remain largely in classic condition and currently trail renovated comparable product by approximately 18%. This presents a clear value-add opportunity through a targeted interior renovation program, complemented by strategic common area upgrades, including interior hallway improvements.
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with NorthMarq Realty Services, Inc. (949) 717-5200
Property Type
Residential Income
Status
Active
MLS Number
26817711
Year Built
1973
Lot Size
0.56 acres