Owner User / Income Investment in West LA | 1819 Camden Ave
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Owner User / Income Investment in West LA 1819 Camden Ave
4 Unit Apartment Building $3,118,324 CAD ($779,581 CAD/Unit) 4.38% Cap Rate Los Angeles, CA 90025
Investment Highlights
- The adjacent property located at 1823 Camden Avenue (5 units for $2,100,000) is also being offered for sale by the same Seller
- 1 unit currently vacant, creating an excellent owner-user opportunity
- First time for sale in over 50 years
- Located in the heart of West Los Angeles with an incredible unit mix with significant rental upside
- Qualifies for residential financing
- Located near high-end dining, retail, nightlife, Century City, and Santa Monica beach
Executive Summary
Jonathan Taksa of the Taksa Investment Group of RE/MAX Commercial & Investment Realty is 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, 1½-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. *****
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, 1½-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. *****
Financial Summary (Pro forma - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
---|---|---|
Gross Rental Income | $212,844 | $30.01 |
Other Income | - | - |
Vacancy Loss | $6,386 | $0.90 |
Effective Gross Income | $206,459 | $29.11 |
Taxes | - | - |
Operating Expenses | - | - |
Total Expenses | $69,837 | $9.85 |
Net Operating Income | $136,621 | $19.26 |
Financial Summary (Pro forma - 2024)
Gross Rental Income (CAD) | |
---|---|
Annual | $212,844 |
Annual Per SF | $30.01 |
Other Income (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss (CAD) | |
---|---|
Annual | $6,386 |
Annual Per SF | $0.90 |
Effective Gross Income (CAD) | |
---|---|
Annual | $206,459 |
Annual Per SF | $29.11 |
Taxes (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Operating Expenses (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Total Expenses (CAD) | |
---|---|
Annual | $69,837 |
Annual Per SF | $9.85 |
Net Operating Income (CAD) | |
---|---|
Annual | $136,621 |
Annual Per SF | $19.26 |
Property Facts
Price | $3,118,324 CAD | Property Subtype | Apartment |
Price Per Unit | $779,581 CAD | Building Class | C |
Sale Type | Investment | Building Size | 4,883 SF |
Cap Rate | 4.38% | Average Occupancy | 75% |
Gross Rent Multiplier | 14.65 | No. Stories | 2 |
No. Units | 4 | Year Built | 1965 |
Property Type | Multifamily | Parking Ratio | 1.64/1,000 SF |
Price | $3,118,324 CAD |
Price Per Unit | $779,581 CAD |
Sale Type | Investment |
Cap Rate | 4.38% |
Gross Rent Multiplier | 14.65 |
No. Units | 4 |
Property Type | Multifamily |
Property Subtype | Apartment |
Building Class | C |
Building Size | 4,883 SF |
Average Occupancy | 75% |
No. Stories | 2 |
Year Built | 1965 |
Parking Ratio | 1.64/1,000 SF |
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
2+3 | 1 | $5,979 CAD | - |
2+2 | 1 | $4,736 CAD | - |
2+1.5 | 1 | $4,322 CAD | - |
2+1 | 1 | $3,962 CAD | - |
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Walk Score ®
Walker's Paradise (91)
Bike Score ®
Very Bikeable (80)
PROPERTY TAXES
Parcel Number | 4323-019-036 | Improvements Assessment | $271,406 CAD |
Land Assessment | $175,953 CAD | Total Assessment | $447,359 CAD |
PROPERTY TAXES
Parcel Number
4323-019-036
Land Assessment
$175,953 CAD
Improvements Assessment
$271,406 CAD
Total Assessment
$447,359 CAD
zoning
Zoning Code | R3 |
R3 |
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Owner User / Income Investment in West LA | 1819 Camden Ave
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