1819 Camden Ave Westwood, CA 90025

Active

$2,200,000

4 Units

8 Beds

8 Baths

4,883 Area(sq.ft.)

5,146 Lot Size(sq.ft.)

Type	# of Units	Bedroom	Bath	Furnished	Rent	Actual Rent	Projected Rent
Unit 1	1	2	3	No	$ 3,937	$ 3,937	$ 4,500
Unit 2	1	2	2	No	$ 3,083	$ 3,083	$ 3,600
Unit 3	1	2	1.50	No	$ 2,699	$ 2,699	$ 3,400
Unit 4	1	2	1	No	$ 2,795	$ 2,795	$ 2,795
4	4	8	8		$ 12,514	$ 12,514	$ 14,295

MLS #:	24-469633
Days On Market:	8
County:	Los Angeles
Property Type:	Residential Income
Price per ft²:	$ 451
Price per unit:	$ 550,000
Year Built:	1965

Income Details / Structure / Land & Parking / Interior Features / Exterior Features

Property Details

We are pleased to offer for sale a rare multifamily asset located at 1819 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 1965 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 all very spacious 2-bedroom floor plans flooded by natural light. Additionally, one two-bedroom unit is currently vacant, which presents a Buyer with a quintessential owner-user opportunity. The incredible unit mix consists of (1) 2-bed, 3-bath with a den townhome style unit, (1)2-bed, 2-bath unit, (1) 2-bed, 1-bath unit, and (1) 2-bed, 1-bath 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 1823 Camden Avenue (5 units for $2,100,000) is also being offered for sale by the same Seller. Properties are available to be purchased separately or as a package. *****

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Income Details

Vacancy Rate:	25%
Gross Operating Income:	$ 150,158
Total Annual Expense:	$ 49,269
Net Operating Income:	$ 96,385
Gross Annual Income:	$ 150,158
Cap Rate:	4.38%
Gross Rent Multiplier:	14.65