Metropolitan at Larchmont Village | 5825 Camerford Ave
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Metropolitan at Larchmont Village 5825 Camerford Ave
34 Unit Apartment Building $14,950,000 ($439,706/Unit) 4.80% Cap Rate Los Angeles, CA 90038
Executive Summary
Kidder Mathews, as the exclusive listing agent, is pleased to offer The Metropolitan at Larchmont Village, a 34-unit Class-A multifamily asset located just steps away from Larchmont Village.
Located at 5825 Camerford Avenue, the asset presents an exceptional investment opportunity in one of Los Angeles’ most sought-after urban neighborhoods. Situated on a tranquil residential street near the intersection of Melrose Avenue and Vine Street, this property provides residents with a peaceful living environment while being conveniently walkable (with a 93 Walk Score) to the vibrant array of shops, dining, and attractions in Larchmont Village.
The Metropolitan at Larchmont Village is a well-amenitized boutique luxury asset featuring a rooftop terrace with barbecue picnic area and cabana style lounges, community room with big screen TV lounge and table tennis, complimentary coffee bar, open central courtyard with resort-inspired lounge areas, state-of-the-art pet spa/dog wash area, electric vehicle chargers, and on-site leasing office among other features that are uncommon for an apartment community less than 50 units in size.
The property’s prime location also offers residents easy access to over 100 million square feet of office space and numerous high-paying jobs in bustling employment centers such as Hollywood, West Hollywood, Beverly Hills, and Downtown Los Angeles, all reachable within a 5 to 20-minute drive. Additionally, it’s just a short 5-minute walk to Paramount Studios, a major local employer recently valued at over $8 Billion, and a quick drive to other major entertainment industry giants like Netflix, Viacom, HBO, CBS, CNN, and Capitol Records.
In an area predominantly characterized by high-value single-family homes and luxurious estates—many of which are under historic preservation—homeownership is out of reach for most of the growing population. This dynamic further strengthens the demand for upscale rental properties. The Metropolitan at Larchmont Village addresses this demand with its thoughtfully designed residences that complement the neighborhood’s aesthetic and cater to contemporary renters' needs.
Located at 5825 Camerford Avenue, the asset presents an exceptional investment opportunity in one of Los Angeles’ most sought-after urban neighborhoods. Situated on a tranquil residential street near the intersection of Melrose Avenue and Vine Street, this property provides residents with a peaceful living environment while being conveniently walkable (with a 93 Walk Score) to the vibrant array of shops, dining, and attractions in Larchmont Village.
The Metropolitan at Larchmont Village is a well-amenitized boutique luxury asset featuring a rooftop terrace with barbecue picnic area and cabana style lounges, community room with big screen TV lounge and table tennis, complimentary coffee bar, open central courtyard with resort-inspired lounge areas, state-of-the-art pet spa/dog wash area, electric vehicle chargers, and on-site leasing office among other features that are uncommon for an apartment community less than 50 units in size.
The property’s prime location also offers residents easy access to over 100 million square feet of office space and numerous high-paying jobs in bustling employment centers such as Hollywood, West Hollywood, Beverly Hills, and Downtown Los Angeles, all reachable within a 5 to 20-minute drive. Additionally, it’s just a short 5-minute walk to Paramount Studios, a major local employer recently valued at over $8 Billion, and a quick drive to other major entertainment industry giants like Netflix, Viacom, HBO, CBS, CNN, and Capitol Records.
In an area predominantly characterized by high-value single-family homes and luxurious estates—many of which are under historic preservation—homeownership is out of reach for most of the growing population. This dynamic further strengthens the demand for upscale rental properties. The Metropolitan at Larchmont Village addresses this demand with its thoughtfully designed residences that complement the neighborhood’s aesthetic and cater to contemporary renters' needs.
Property Facts
Price | $14,950,000 | Building Class | B |
Price Per Unit | $439,706 | Lot Size | 0.46 AC |
Sale Type | Investment | Building Size | 32,570 SF |
Cap Rate | 4.80% | Average Occupancy | 79% |
Gross Rent Multiplier | 13.44 | No. Stories | 3 |
No. Units | 34 | Year Built | 2017 |
Property Type | Multifamily | Parking Ratio | 1.51/1,000 SF |
Property Subtype | Apartment | Opportunity Zone |
Yes
|
Apartment Style | Low Rise |
Price | $14,950,000 |
Price Per Unit | $439,706 |
Sale Type | Investment |
Cap Rate | 4.80% |
Gross Rent Multiplier | 13.44 |
No. Units | 34 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | B |
Lot Size | 0.46 AC |
Building Size | 32,570 SF |
Average Occupancy | 79% |
No. Stories | 3 |
Year Built | 2017 |
Parking Ratio | 1.51/1,000 SF |
Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Refrigerator
- Range
- Tub/Shower
- Walk-In Closets
- Wheelchair Accessible (Rooms)
- Window Coverings
Site Amenities
- Controlled Access
- Clubhouse
- Courtyard
- Property Manager on Site
- Gated
- Gameroom
- Package Service
- Recycling
- Roof Terrace
- Bicycle Storage
- Car Charging Station
- Elevator
- Pet Washing Station
- Public Transportation
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
Studios | 2 | - | 504 - 512 |
1+1 | 22 | - | 697 - 778 |
2+2 | 10 | - | 948 |
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Walk Score ®
Walker's Paradise (93)
Bike Score ®
Very Bikeable (75)
PROPERTY TAXES
Parcel Number | 5534-034-046 | Improvements Assessment | $7,505,413 |
Land Assessment | $12,866,424 | Total Assessment | $20,371,837 |
PROPERTY TAXES
Parcel Number
5534-034-046
Land Assessment
$12,866,424
Improvements Assessment
$7,505,413
Total Assessment
$20,371,837
zoning
Zoning Code | R3-1XL |
R3-1XL |
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Metropolitan at Larchmont Village | 5825 Camerford Ave
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