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 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.