Property Description

We are pleased to present an incredibly unique investment opportunity in LA's vibrant Westside. 1818 Camden Avenue consists of 16 striking units ideally located near Westwood and Century City. Having been built in 1987, it is NOT subject to the City of Los Angeles' Rent Stabilization Ordinance (AB 1482 applies). The property consists of one building with three floors of residential units over one level of gated subterranean parking (exempt from seismic soft story retrofit). The ideal unit mix consists of three extra spacious 3-bedroom, 2-bathroom units and thirteen very large 2-bedroom, 2-bathroom units. Interiors have been finished with beautiful pergo flooring, modern cabinetry, and upgraded kitchens and bathrooms with granite and/or quartz countertops. The building offers its residents a lushly landscaped facade, an intercom entry system, balconies, an on-site laundry room on each floor (machines owned by the Seller), and ample gated parking (32 spaces for 16 units). Each unit has a fireplace, central HV/AC, large bedrooms, walk-in closets, minimum 9 foot ceilings throughout, and dynamite floor plans flooded with natural light. Several upper floor penthouse units have high vaulted ceilings. This property is perfectly nestled between Century City and Westwood, along a serene treelined street setting. In close proximity to some of the best high-end dining and nightlife, this rare offering presents an astute investor with the unique opportunity to acquire a prestigious turnkey asset in one of the best rental locations in all of Los Angeles.

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