4660 Melrose Ave | Los Angeles, CA 90029
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- LoopNet Team
4660 Melrose Ave
Los Angeles, CA 90029
Ardmore/Melrose Apartments · Multifamily Property For Sale
·
66 Units
INVESTMENT HIGHLIGHTS
- LENDER NOTE SALE - POSSIBLE LENDER FINANCING AT 60% LTV, 4% INTEREST ONLY FOR A TERMS OF 18 MONTHS
- Located in the heart of Melrose Hill, one of LA’s trendiest neighborhoods, near Larchmont Village, Hollywood, Los Feliz, and Silver Lake.
- Ardmore/Melrose combines a prime location, luxury design, and robust market fundamentals, presenting a promising opportunity for long-term returns.
- Rare opportunity to acquire a newly constructed multifamily property with 66 luxury units totaling ±52,806 square feet.
- Tenants enjoy a rooftop desk with sweeping views, a gym, secured entry, and gated parking with 68 spaces and EV charging stations.
- The surrounding area offers restaurants, shops, nightlife, venues, museums, and fitness centers.
PROPERTY FACTS
| No. Units | 66 | Lot Size | 0.37 AC |
| Property Type | Multifamily | Building Size | 84,960 SF |
| Property Subtype | Apartment | No. Stories | 6 |
| Apartment Style | Mid-Rise | Year Built | 2023 |
| Building Class | A | Parking Ratio | 0.9/1,000 SF |
| Zoning | LAC2 | ||
| No. Units | 66 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 0.37 AC |
| Building Size | 84,960 SF |
| No. Stories | 6 |
| Year Built | 2023 |
| Parking Ratio | 0.9/1,000 SF |
| Zoning | LAC2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Range
- Smoke Free
SITE AMENITIES
- Controlled Access
- Fitness Center
- Gated
- Roof Terrace
- Bicycle Storage
- Elevator
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 56 | - | 700 - 750 |
| 2+2 | 10 | - | 800 - 900 |
PROPERTY TAXES
| Parcel Number | 5521-007-037 | Improvements Assessment | $9,134,878 |
| Land Assessment | $2,529,963 | Total Assessment | $11,664,841 |
PROPERTY TAXES
Parcel Number
5521-007-037
Land Assessment
$2,529,963
Improvements Assessment
$9,134,878
Total Assessment
$11,664,841
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