4660 Melrose Ave - Apartments FOR SALE
Los Angeles, CA 90029 |
4660 Melrose Ave
Los Angeles, CA 90029
HIGHLIGHTS
- LENDER NOTE SALE - POSSIBLE LENDER FINANCING AT 60% LTV, 4% INTEREST ONLY FOR A TERMS OF 18 MONTHS
- Rare opportunity to acquire a newly constructed multifamily property with 66 luxury units totaling ±52,806 square feet.
- Located in the heart of Melrose Hill, one of LA’s trendiest neighborhoods, near Larchmont Village, Hollywood, Los Feliz, and Silver Lake.
- Tenants enjoy a rooftop desk with sweeping views, a gym, secured entry, and gated parking with 68 spaces and EV charging stations.
- Ardmore/Melrose combines a prime location, luxury design, and robust market fundamentals, presenting a promising opportunity for long-term returns.
- The surrounding area offers restaurants, shops, nightlife, venues, museums, and fitness centers.
FOR SALE DETAILS
PRICE
-
# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
Ardmore/Melrose Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
84960
STORIES
6
YEAR BUILT
2023
PARKING SPACES
68
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
5521-007-037
