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4660 MELROSE AVE, LOS ANGELES, CA 90029



4660 MELROSE AVE, LOS ANGELES, CA 90029



A 2023 construction, 66-unit apartment community for sale in Melrose Hill, one of Los Angeles’s most desirable neighborhoods

SELLER FINANCING AVAILABLE FOR 18 MONTHS AT 4% INTEREST WITH ONLY 40% DOWN

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Kidder Mathews is pleased to present the opportunity to acquire Ardmore/Melrose Apartments, a stunning multifamily building located at 4660 Melrose Avenue. This brand-new, 2023-built property features 66 beautifully designed units spread across ±52,806 square feet on a ±16,060 square foot lot in Melrose Hill, one of the most desirable locations in Los Angeles. With its prime location and exquisite design, the property offers investors a unique opportunity to acquire a high-quality asset that blends luxury and functionality.

Investment Highlights



BRAND NEW CONSTRUCTION

Rare opportunity to acquire a newly constructed multifamily property with 66 luxury units totaling ±52,806 square feet

RICH LOCAL AMENITIES

The surrounding area offers restaurants, shops, nightlife, venues, museums, and fitness centers

PRIME LOCATION

Located in the heart of Melrose Hill, one of LA’s trendiest neighborhoods, near Larchmont Village, Hollywood, Los Feliz, and Silver Lake

SECURE AND STYLISH DESIGN

The building features secure access, modern aesthetics, and high-end residential features

STRONG UNIT MIX

Ardmore/Melrose boasts (5) studios, (51) 1+1 units, and 10 2+2 units, all with open floor plans, luxury hardwood flooring, quartz countertops, premium appliances, in-unit washer/dryers, central air conditioning, and balconies in select units

SURROUNDED BY NEARBY HOTSPOTS

Tenants are near LA’s hottest dining options and entertainment venues including Mother Wolf, Horses, Great White, Go Get Em Tiger, Salt & Straw, Levain Bakery, Cara Hotel, The Thompson Hotel, The Wiltern, Griffith Park, and more

IDEAL COMMUNITY AMENITIES

Residents enjoy a gym, a rooftop deck with seating and sweeping city views, secured entry, and gated parking with 68 spaces and EV charging stations

CONVENIENT ACCESS

Close to major employment centers, including Hollywood, Downtown Los Angeles, Wilshire Center, Beverly Hills, and West Hollywood, with easy access to the 101 Freeway

SECURE INVESTMENT OPPORTUNITY

The building is in lease-up and Seller will guarantee rent for the first year, ensuring stable cash flow. The prime location and high-quality construction suggest long-term value appreciation

STRONG INVESTMENT POTENTIAL

Ardmore/Melrose combines a prime location, luxury design, and robust market fundamentals, presenting a promising opportunity for long-term returns
66

TOTAL UNITS


2022

YEAR BUILT


68

PARKING SPACES


55,664 SF

BUILDING SIZE



ADDRESS 4660 Melrose Ave, Los Angeles, CA 90029
APN 5521-007-037
Year Built 2023
No. of Units 66
Unit Mix (5) Singles, (51) 1+1, (10) 2+2
Building Size ±52,806 SF
Lot Size ±16,060 SF
No. of Stories 6
Zoning LAC2
Construction 2 levels of concrete parking + 5 levels of wood construction for residential units
Utilities Separately metered for electricty and water, master metered for gas
Laundry In-unit washer & dryer
Sprinklers Fully sprinkled
Parking 68 spaces

Featuring a calming rooftop retreat with outstanding views & large open space

Located in Melrose Hill, a quaint and historic neighborhood in Los Angeles that is known for its tree-lined street, close-knit community, and great central location

88

WALK SCORE


4

MILES TO DTLA



Demographics


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