1600 Camden Avenue

1600 Camden Avenue

Los Angeles, CA 90025

$6,000,000
Price
16
Beds
16
Baths
9,918 Sq. Ft.
$605 / Sq. Ft.
9,918
Sq. Ft.
$605
per Sq. Ft.
a view of a street with houses
a view of a street with houses
a picture of city view
a view of a city and tall buildings
a view of a city and tall buildings
an aerial view of a city with lots of residential buildings
an aerial view of a city
a bedroom with a bed and a painting on the wall
a bedroom with a bed and a window
a view of a hallway with wooden floor
a utility room with sink dryer and washer
a kitchen with a stove top oven
a large kitchen with granite countertop a large counter top stainless steel appliances and cabinets
a view of an empty room and window
a view of an empty room
a bathroom with a double vanity sink toilet and shower
a spacious bathroom with a granite countertop sink a mirror and a shower
an empty room with wooden floor and windows
a view of an empty room
a view of bathroom
a view of entryway
a view of an empty room and a kitchen

Description

Opportunity to acquire 1600 Camden Ave, an 8-unit apartment building located in the heart of prime West Los Angeles. This is a rare opportunity to acquire a premiere asset in one of Los Angeles' most sought-after submarkets. The subject property was built in 1985 and boasts an exceptional unit mix of 8 townhouse units all featuring one bedroom, one loft bedroom, and two baths. The loft bedrooms include a full bathroom with a shower, spacious closets, and large patio balconies. 1600 Camden Ave offers...Opportunity to acquire 1600 Camden Ave, an 8-unit apartment building located in the heart of prime West Los Angeles. This is a rare opportunity to acquire a premiere asset in one of Los Angeles' most sought-after submarkets. The subject property was built in 1985 and boasts an exceptional unit mix of 8 townhouse units all featuring one bedroom, one loft bedroom, and two baths. The loft bedrooms include a full bathroom with a shower, spacious closets, and large patio balconies. 1600 Camden Ave offers an investor the rare opportunity to a well-maintained asset with quality construction and exquisite design features. All units include modern luxury finishes, stainless steel appliances, custom cabinets, stone countertops, hardwood floors, designer tiles, in-unit washers/dryers, walk-in closets, and large balconies. The units feature desirable layouts, an abundance of natural light, high ceilings, and the living room boasts 18 foot ceilings. While all of the units are in grreat condition and contain modern luxury finishes, a new investor will have the opportunity to add additional building upgrades to capitalize on the remaining rental upside. Additionally, the building features controlled access entry, EV charging stations, and underground private parking with 16 spaces. The Property is ideally positioned in an unparalleled West Los Angeles location, often referred to as one of the most desirable neighborhoods in all of Los Angeles. Tenants are situated minutes away from Westwood Village, UCLA, Century City, Beverly Hills, Brentwood, the 405 Freeway and I-10 Freeway. The Property is Very Walkable and conveniently located amongst countless amenities including restaurants, shopping, entertainment venues, fitness centers, and much more. Further, the Property is centrally located near major employment centers and nearby the new Google office campus in West LA. 1600 Camden offers an investor the opportunity to purchase a well-maintained, income generating asset with recent capital expenditures and additional upside in rents.

Property Details for 1600 Camden Avenue

Zoning
LAR3
Parcel Number
4324031094
Total Units
8.0
Living Area
9918
Source Living Area
Vendor Enhanced
Area
Westwood - Century City (C05)
Vacancy Rate
11891
Lot Size Area
7648

Location

Listing Courtesy of Kidder Mathews of California, Inc., Janet Neman, DRE #01069127; Kidder Mathews of California, Inc., Angelica Gotzev, DRE #02053007
Add your commute
LISTING UPDATED: 05/15/2024 12:01 AM

Property Details for 1600 Camden Avenue

StatusActive
MLS #24-388895
Days on Market14
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1985
Lot Size0.18 AC / 7,648 SF
CountyLos Angeles County

Location

Listing Courtesy of Kidder Mathews of California, Inc., Janet Neman, DRE #01069127; Kidder Mathews of California, Inc., Angelica Gotzev, DRE #02053007
Add your commute

Building Information for 1600 Camden Avenue

Stories-Residences-Year Built1985Building Size-Lot Size0.18 AC / 7,648 SF

Payment Calculator

$38,020 per month

30 year fixed, 7.25% Interest

Principal and Interest

$32,744

Property Taxes

$5,276

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1600 Camden Avenue

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Multifamily
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $384,474
  • Net Operating Income: $290,911.00
  • Gross Income: $396,365
  • Cap Rate: 4.85%
  • Gross Rent Multiplier: $15.14
  • Total Annual Expense: 93563
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1756
  • Lot Size Square Feet: 7648
Parking Details
Parking Details
  • Parking Garage: Gated
  • Total Parking: 16
  • Parking Features: Gated
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Washer, Dryer, Dishwasher, Refrigerator
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-07-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,084.00
  • Unit Actual Rent: $32,675.00
  • Unit Projected Rent: $36,000.00
  • Like Units: 8
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $2,144,403.00
  • Assessed Improvement Percent: 41.6
  • Assessed Land Value: $3,010,742.00
  • Assessed Land Percent: 58.4
  • Assessed Total Value: $5,155,145.00

Property History for 1600 Camden Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1600 Camden Avenue

Taxable ValueLand$3,010,742Additions$2,144,403Total$5,155,145
Tax Record2023$63,312 ($5,276 / month)
Home Facts
Total Finished SqFt9,918 SqFtAbove Grade Finished SqFt9,918 SqFtLot Size7,646 SqFtStyleMulti-Family Res (5+ Units)Year Built1985ZoningLAR3CountyLOS ANGELESAPN4324-031-094

Schools near 1600 Camden Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Fairburn Avenue Elementary School
Public - K to 5
Nora Sterry Elementary School
Public - K to 5
Emerson Community Charter School
Charter - 6 to 8
University Senior High School Charter
Charter - 9 to 12
Rating
School
Distance
Fairburn Avenue Elementary School
PublicK to 5

Nora Sterry Elementary School
PublicK to 5

Emerson Community Charter School
Charter6 to 8

University Senior High School Charter
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1600 Camden Avenue, Los Angeles, CA 90025

1600 Camden Avenue is a multi-family home for sale in Los Angeles, CA 90025. This property was listed for sale on May 7, 2024 by Kidder Mathews of California, Inc., it's currently listed at $6,000,000. It has been on the market for a total of 14 days and was last sold on February 6, 2019. This listing's school district is Los Angeles Unified School District. Nearby schools include Fairburn Avenue Elementary School, Nora Sterry Elementary School and Emerson Community Charter School. 1600 Camden Avenue is a 16-bed, 16-bath, 9,918 sqft multi-family home built in 1985.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Kidder Mathews of California, Inc., Janet Neman, DRE #01069127; Kidder Mathews of California, Inc., Angelica Gotzev, DRE #02053007

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.