Active
3524 Chesapeake Ave
Los Angeles CA, 90016
$11,250,000
$487.94 per sqft
Active
36 Beds
36 Baths
23,056 sqft
Multi-family
Built in 2021
*Built in 2021: 27 luxury units with in-unit washer and dryer *Priced below replacement cost at $488 PSF and under $417K per unit *5.3% cap rate and 5.7% cap rate at proven market rents *One-block away from the Metro Expo "E" Line Farmdale Station, providing tremendous access to DTLA, Culver City, and Santa Monica *Incredible micro-location with five brand-new buildings on the block *Strong demographics with average household income over $100K and average housing value over $1.4M (three-mile radius) *Rents shown are averages based on in place rent as of Nov. 1, full rent roll in OM; see Agent Remarks for property website.
24-436897
MLSⓇ ID
September 9, 2024
Listed
October 2, 2024
Updated
Map
3524 Chesapeake Ave
Los Angeles CA, 90016
Interior Features
Total Stories
4
Bedrooms
36
Total Bathrooms
36
Appliances
Dishwasher, Dryer, Washer, Range/Oven, Garbage Disposal, Refrigerator, Microwave
Laundry Description
In Unit
Fireplace
No
Cooling
Yes
Cooling Description
Central
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.29 Acres
Other Property Details
Area Name
Park Hills Heights
Days on Market
8
Garage
Yes
Parking
Gated, Community Garage, Covered Parking, Side By Side
Parking Total
16
View
No
County
Los Angeles
Pool
No
Zoning
LAR3
Listed by Adrienne Barr with Berkadia
Listing Contact: 310-470-8963
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Aspire Los Angeles shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 10/2/2024
