5825 Camerford Ave Los Angeles, CA 90038

Property Details for 5825 Camerford Ave

Year built

2017

Property size

32,570 SF

Property type

Commercial real estate

APN

5534-034-046

Description

This exceptional 34-unit Class A apartment building presents a compelling investment opportunity in Los Angeles' coveted Larchmont Village. Located at 5825 Camerford Avenue, this 2017-built property boasts 32,570 square feet on a 19,894 square foot lot, offering a 4.8% cap rate and 97% occupancy. The three-story building features desirable amenities including a rooftop terrace with barbecue and lounge areas, a community room, a coffee bar, a central courtyard, a pet spa, electric vehicle chargers, and an on-site leasing office. Each of the 34 units averages $439,705.88, with the entire property listed at $14,950,000 ($459.01 per square foot). Its prime location provides residents with a walk score of 93, placing them within easy walking distance of Larchmont Village's vibrant shops and restaurants. The property's proximity to major employment centers in Hollywood, West Hollywood, Beverly Hills, and Downtown Los Angeles, as well as Paramount Studios, further enhances its appeal and rental demand. The property is zoned LAR3. This asset represents a rare opportunity to acquire a high-quality, well-maintained multifamily property in a highly sought-after Los Angeles neighborhood. The building's luxurious features and convenient location cater to the growing demand for upscale rental housing in an area dominated by high-value single-family homes.