3524 Chesapeake Avenue, Los Angeles CA, 90016

Active

3524 Chesapeake Avenue

Los Angeles CA, 90016

$11,250,000

$487.94 per sqft

Active

36 Beds

36 Baths

23,056 sqft

Residential

Built in 2021

Listed by Adrienne Barr with Berkadia 310-470-8963

*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.

24436897

MLSⓇ ID

September 9, 2024

Listed

October 4, 2024

Updated

Map

3524 Chesapeake Avenue
Los Angeles CA, 90016

Interior Features

Total Stories: 4
Bedrooms: 36
Total Bathrooms: 36
Appliances: Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer
Fireplace: No
Cooling: Yes
Cooling Description: Central Air
Heating: Yes
Heating Description: Central

Exterior/Building Features

Lot Size: 0.29 Acres

Other Property Details

Area Name: PHHT - Park Hills Heights
Days on Market: 8
Garage: No
Parking: Covered, Gated, Community Structure, Side By Side
Parking Total: 16
View: No
County: Los Angeles
Pool: No
Zoning: LAR3

Listing Contact: 310-209-3200

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/4/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 10/4/2024 at 1:46 AM UTC