Active
3524 Chesapeake Avenue
Los Angeles CA, 90016
$10,500,000
$455.41 per sqft
Active
36 Beds
36 Baths
23,056 sqft
Residential
Built in 2021
Listed by Adrienne Barr with Berkadia 310-470-8963
PRICE REDUCED by $750,000 *Built in 2021: 27 luxury units with in-unit washer and dryer *Priced far below replacement cost at $455 PSF and $388K per unit *5.2% cap rate and 6.1% 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 six 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 Mar. 1; see Agent Remarks for property website.
24436897
MLSⓇ ID
September 9, 2024
Listed
February 12, 2025
Updated
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
140
Garage
No
Parking
Covered, Gated, Community Structure, Side By Side
Parking Total
16
View
No
County
Los Angeles
Pool
No
Zoning
LAR3
Listing History
Date | Event | Price |
|---|---|---|
1/25/2025 | Price change | $10,500,000 -7% |
Listing Contact: 310-209-3200
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/12/2025. 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.
©2025 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 2/12/2025 at 7:01 PM UTC