Contacts

Kidder Mathews

Kidder Mathews
Property Details
- Property Type Multi-Family
- Property Size 52,086 SF
- Units 66
- Lot Size 0.37 Acre
- Cap Rate % 4.57
- Year Built 2023
- Date Updated Mar 4, 2025
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 proper ty 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, Ardmore/Melrose offers investors a unique opportunity to acquire a high-quality asset that blends luxury and functionality. The building’s unit mix includes five studio units, 51 one-bedroom, one-bath units, and ten two-bedroom, two-bath units, providing a diverse range of options for tenants. The interiors are crafted with meticulous attention to detail, featuring open floor plans, modern kitchens with quartz countertops, premium appliance packages, and in-unit washer/dryers. Additional amenities include central air conditioning, recessed LED lighting, luxury hardwood flooring, and private balconies in select units. Tenants can enjoy a fully equipped gym for fitness and a rooftop deck with stunning city views, perfect for relaxing and entertaining. The property also offers secured access entry and gated parking with 68 spaces, including EV charging stations. As an added benefit, the building is currently in lease-up, and ownership guarantees rent for the first year, providing investors with immediate cash flow stability. The location of Ardmore/Melrose is unmatched, situated in the heart of Melrose Hill and within easy reach of Larchmont Village, Hollywood, Los Feliz, and Silver Lake. Tenants have access to a wide range of amenities, including renowned restaurants, shops, nightlife, cultural and entertainment venues, and much more. The property is also ideally located near major employment centers like Hollywood, Wilshire Center, Downtown Los Angeles, Beverly Hills, and West Hollywood, with convenient access to transportation routes and the 101 Freeway. Ardmore/Melrose is an outstanding opportunity for investors seeking a newly constructed, luxury multifamily property in a vibrant Los Angeles neighborhood. With its exceptional design, premium amenities, and strong unit mix, this building is poised to offer investors consistent cash flow, excellent visibility, and strong market fundamentals. Don’t miss your chance to invest in a property with both immediate and long-term potential for success. SELLER FINANCING AVAILABLE FOR 18 MONTHS AT 4% INTEREST ONLY WITH 40% DOWN
Reach out to the broker for more info on lease terms and amenities
Getting around
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Location
- City Los Angeles, CA
- Neighborhood East Hollywood
- Zip Code 90029
- Market Los Angeles
Points of Interest
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Vermont/Santa Monica South Entrance
0.72 miles
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Vermont/Beverly Station
0.75 miles
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Vermont/Santa Monica North Entrance
0.78 miles
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Vermont/Santa Monica
0.78 miles
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Vermont/Sunset
1.22 miles
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Vermont/Sunset Entrance
1.22 miles
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Hollywood/Western Station
1.32 miles
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Hollywood/Western
1.33 miles
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Wilshire/Normandie Station
1.50 miles
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Wilshire/Western
1.51 miles
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Arco
0.41 miles
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Mobil
0.62 miles
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Chevron
0.73 miles
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Sinclair
0.97 miles
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Shell
1.03 miles
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76
1.13 miles
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Electric Vehicle Charging Station
4.38 miles
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Tesla Supercharger
5.00 miles
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Parking electrique
5.34 miles
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FLO
5.50 miles
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LACC Lot 3 & 4
0.48 miles
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FM Parking Lot
0.53 miles
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MO Parking Lot
0.54 miles
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Braille Institute Parking Lot
0.59 miles
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HC Parking
0.67 miles
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LACC Parking Lot 1
0.67 miles
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LACC Parking Lot 2
0.71 miles
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Van Ness Parking
0.80 miles
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Lemon Grove Parking
0.82 miles
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East Bronson Parking
0.83 miles
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Hollywood Historic Hotel
0.61 miles
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Avenue Hotel, Ascend Hotel Collection
0.72 miles
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Koryu
0.74 miles
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Chateau Celeste Hollywood Hotel
0.90 miles
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ROOM AND BOARDING
0.91 miles
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Hollywood Hotel
0.93 miles
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Economy Inn
1.02 miles
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Alexandria Motel
1.03 miles
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Value Inn
1.06 miles
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Travelodge Hollywood-Vermont/Sunset
1.10 miles
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Beverly Plaza
0.50 miles
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Smart & Final
0.53 miles
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Chapines Express
0.57 miles
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Jon's Marketplace
0.58 miles
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HK Market
0.73 miles
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American Ranch and Seafood Market
0.74 miles
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Mattress Outlet.LA
0.78 miles
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Tambuli Seafood Market #1
0.84 miles
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Virgil Farm MArket
0.94 miles
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El Potrillo
0.97 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.