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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.

Property Facts

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
Walk Score ®
Walker's Paradise (93)
Bike Score ®
Very Bikeable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

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
  • Listing ID: 33750668

  • Date on Market: 11/5/2024

  • Last Updated:

  • Address: 5825 Camerford Ave, Los Angeles, CA 90038

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