1823 Camden Avenue

Los Angeles, CA 90025

$2,100,000
Price
8
Beds
8
Baths
4,479 Sq. Ft.
$469 / Sq. Ft.
4,479
Sq. Ft.
$469
per Sq. Ft.

Description

We are pleased to offer for sale a rare multifamily asset located at 1823 Camden Avenue in the heart of vibrant West Los Angeles. Offered for sale for the first time in over 50 years, the building was built in 1962 and exudes the character and vintage charm of mid-century Los Angeles. Ideally situated on a large R3 zoned lot, the property boasts an ideal unit mix of mostly spacious 1, 2 and 3-bedroom (and an efficiency unit) floor plans flooded by natural light. The incredible unit mix includes (1)...We are pleased to offer for sale a rare multifamily asset located at 1823 Camden Avenue in the heart of vibrant West Los Angeles. Offered for sale for the first time in over 50 years, the building was built in 1962 and exudes the character and vintage charm of mid-century Los Angeles. Ideally situated on a large R3 zoned lot, the property boasts an ideal unit mix of mostly spacious 1, 2 and 3-bedroom (and an efficiency unit) floor plans flooded by natural light. The incredible unit mix includes (1) 3-bed, 2-bath unit, (2) 2-bed, 2-bath units, (1) 1-bed,1-bath unit, and (1) efficiency unit. This is a fantastic asset in an undeniably attractive location that will surely pay long-term dividends to a savvy investor. Additional property features include on-site parking as well as an on-site laundry facility. There is also the opportunity to add ADUs (Buyer to verify). In close proximity to high-end dining, entertainment venues, Century City, and Santa Monica beach, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire prestigious assets in one of the best rental locations in all of Los Angeles. The adjacent property located at 1819 Camden Avenue (4 units for $2,200,000) is also being offered for sale by the same Seller. Properties are available to be purchased separately or as a package.
  1. Listed by Jonathan Taksa • DRE #01366169 • Brokerage DRE #01164364 • Remax Commercial and Investment Realty

Property Details for 1823 Camden Avenue

Zoning
LAR3
Parcel Number
4323019037
Total Units
5.0
Living Area
4479
Source Living Area
Vendor Enhanced
Area
Westwood - Century City (C05)
Vacancy Rate
3%
Lot Size Area
5146
LISTING UPDATED: 12/13/2024 12:01 AM

Property Details for 1823 Camden Avenue

StatusActive
MLS #24-469617
Days on Market16
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
Lot Size0.12 AC / 5,146 SF
CountyLos Angeles County

Building Information for 1823 Camden Avenue

Stories2Residences-Year Built1962Building Size-Lot Size0.12 AC / 5,146 SF

Property Information for 1823 Camden Avenue

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 3s,2s,1s,E
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $138,592
  • Net Operating Income: $84,452.00
  • Gross Income: $138,592
  • Cap Rate: 4.02%
  • Gross Rent Multiplier: $15.15
  • Total Annual Expense: 49982
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1181
  • Lot Size Square Feet: 5146
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 6
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 12-05-2024
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,515.00
  • Unit Actual Rent: $3,515.00
  • Unit Projected Rent: $4,300.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,836.00
  • Unit Actual Rent: $5,673.00
  • Unit Projected Rent: $7,200.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,247.00
  • Unit Actual Rent: $1,247.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,114.00
  • Unit Actual Rent: $1,114.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $171,513.00
  • Assessed Improvement Percent: 15.98
  • Assessed Land Value: $901,860.00
  • Assessed Land Percent: 84.02
  • Assessed Total Value: $1,073,373.00

Property History for 1823 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 1823 Camden Avenue

Taxable ValueLand$919,897Additions$174,943Total$1,094,840
Tax Record2024$14,091 ($1,174 / month)
Home Facts
Total Finished SqFt4,479 SqFtAbove Grade Finished SqFt4,479 SqFtLot Size5,144 SqFtStyleQuadraplexYear Built1962ZoningLAR3CountyLOS ANGELESAPN4323-019-037

Schools near 1823 Camden Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Charter - K to 5
Public - 6 to 8
Charter - 6 to 8
Charter - 9 to 12
Rating
School
Distance
Westwood Charter Elementary School
CharterK to 5

Daniel Webster Middle School
Public6 to 8

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.

Similar Homes

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1823 Camden Avenue is a multi-family home for sale in Los Angeles, CA 90025. This property was listed for sale on December 5, 2024 by Remax Commercial and Investment Realty, it's currently listed at $2,100,000. It has been on the market for a total of 16 days and was last sold on July 3, 1990. This listing's school district is Los Angeles Unified School District. Nearby schools include Westwood Charter Elementary School, Daniel Webster Middle School and Emerson Community Charter School. 1823 Camden Avenue is a 8-bed, 8-bath, 4,479 sqft multi-family home built in 1962.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Remax Commercial and Investment Realty, Jonathan Taksa, DRE #01366169

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.