4660 Melrose Avenue

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