1600 Camden Ave, Los Angeles, CA 90025
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1600 Camden Ave Los Angeles, CA 90025

$6,000,000
  • 16 Beds
  • 16 Baths
  • 9,918 Sq.Ft.
For Sale
$6,000,000 Get Pre-Qualified

Map preview of 1600 Camden Ave, Los Angeles, CA 90025

Property Overview: 1600 Camden Ave Los Angeles, CA has 16 bedrooms, 16 bathrooms, 9,918 living square feet and 7,648 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Janet Neman | BRE #01069127 | Kidder Mathews of California, Inc.
Co-listed by Angelica Gotzev | BRE #02053007 | Kidder Mathews of California, Inc.
Last checked: 14 minutes ago | Last updated: May 15th, 2024 | Source CRMLS | DOM: 11
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Home details

Lot Sq. Ft
7,648
HOA Dues
$0/mo
Year built
1985
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24388895
City
Los Angeles
County
Los Angeles
Time on Site
12 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $4,084
  • Total Rent: $32,675
  • Pro Forma/Market Rent: $36,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.85%
  • Gross Rent Multiplier: 15.14
  • Gross Scheduled Income: --
  • Net Operating Income: $290,911
  • Gross Operating Income: $384,474
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 1600 Camden Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Kitchen Information
  • Has Appliances
  • Dishwasher, Refrigerator
Interior Features
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 16
  • Has Parking
  • Parking Features: Gated
Property Information
  • Total # of Units: 8
  • Parcel Number: 4324031094
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: North of Santa Monica Blvd, South of Wilshire Blvd
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Sale History for 1600 Camden Ave

Last sold for $4,808,000 on February 25th, 2019
  • May, 2024

  • May 7, 2024

    Date

    Active

    CRMLS: 24388895

    $6,000,000

    Price

  • February, 2019

  • Feb 25, 2019

    Date

    Sold (Public Records)

    Public Records

    $4,808,000

    Price

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Tax History for 1600 Camden Ave

Assessed Value (2020): $4,904,160
Year Land Value Improved Value Assessed Value
2020 $2,864,160 $2,040,000 $4,904,160

Home Value Compared to the Market

This property vs the competition

1600 Camden Ave is listed 380% higher than the median list price for the city of Los Angeles which has a median list price of $1,250,000. The median price per/sqft for Los Angeles is $777 and this home is listed at $604.96 per/sqft which puts the price per square foot 22.14% lower than the median price per square foot for the city of Los Angeles.

About 1600 Camden Ave

Detailed summary of property

1600 Camden Ave is a multi family located in Los Angeles, CA 90025 and is currently for sale. This multi family property offers 16 bedrooms, 16 bathrooms, roughly 9,918 living square feet, and sits on an approximately 7,648 square foot lot. 1600 Camden Ave was first listed on ArdentRealEstateGroup.com on May 7, 2024. The homeowner is currently asking $6,000,000. The median priced home in Los Angeles is $1,250,000 with a median price per square foot of $777. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 380% higher than the median priced home. Local competing homes currently for sale include 7815 Melrose Ave, 211 S Poinsettia Pl and 1439 N Curson Ave. While the average home in Los Angeles, CA is selling in 92 days, 1600 Camden Ave has a days on market of 11 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 1600 Camden Ave Los Angeles, CA 90025 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1600 Camden Ave

Public county record property details
Beds
16
Baths
16
Year built
1985
Sq. Ft.
9,918
Lot Size
7,645
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
4324-031-094

The source for these homes facts are from public records.

90025 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,150,000
Median List Price/Sq.Ft.
$763
Median Sold Price
$1,100,935
Median Sold Price/Sq.Ft.
$698
Total Inventory
112
Median Sale to List Price %
104.95%
Avg Days on Market
32
Loan Type
Conventional (13.64%), FHA (0%), VA (0%), Cash (18.18%), Other (9.09%)

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Related Resources to 1600 Camden Ave

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.