3717 Cardiff Ave 45 Unit Apartment Building $20,104,895 CAD ($446,775 CAD/Unit) 5.01% Cap Rate Los Angeles, CA 90034

Northmarq, as the exclusive listing agent, is pleased to present the opportunity to acquire 3717 Cardiff Avenue, 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.
3717 Cardiff Avenue is ideally positioned to benefit from its proximity to Culver City, one of Los Angeles’ most rapidly evolving, content-driven employment hubs. The property offers walkable access to a dense concentration of media, technology, and entertainment companies, including Sony Pictures Entertainment (~3,900 employees), Amazon MGM Studios (~2,100 employees), and Apple (~2,000 employees), collectively providing over 8,000 high-quality jobs that directly support renter demand at the asset. The surrounding neighborhood is further enhanced by premier dining, retail, and lifestyle amenities including Destroyer, Erewhon Market, Blue Bottle Coffee, Helms Bakery District, and Solidcore. This highly amenitized, walkable environment continues to attract a strong renter demographic seeking convenience, connectivity, and an elevated Westside lifestyle.
Given its generational ownership history, strong physical condition, functional unit mix, and premier Westside location, 3717 Cardiff Avenue presents investors with the opportunity to reposition a well-maintained asset into a modernized community within a fundamentally strong and supply-constrained submarket.