$9,995,000 $53,655 est/mo Sourced by Back At You
3524 Chesapeake Avenue,Los Angeles, CA 90016
Los Angeles, CA 90016
3524 Chesapeake - 27 Luxury Apartment Units
Aerial view of 3524 Chesapeake Ave
3524 Chesapeake - Aerial
3524 Chesapeake Unit interior
3524 Chesapeake Beautifully appointed units with modern kitchens
3524 Chesapeake fitness center
Description
Don't Miss This....PRICE REDUCED by $1.25 Million! *Built in 2021: 27 luxury units with in-unit washer and dryer *Priced far below replacement cost at $434 PSF and $370K per unit *5.3% cap rate and 6.4% 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.
Details
| MLS# | 24436897 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 2021 |
| Days On Site | 231 |
| Listing Provided By | Berkadia 310-209-3200 | Adrienne Barr |
Features
| Bed(s) | 36 |
|---|---|
| Bath(s) | 36 |
| SQ Feet | 23,056 |
| Story(s) | 4 |
| Units | 27 |
| Building(s) | 1 |
| Zoning | LAR3 |
| Acreage | 0.29 |
Market Activity 90016
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90016 |
| Area | PHHT Park Hills Heights |
| Listing VS Median (in 90016) | |
Price: $9,995,000 low | high Med: $739,000 SqFt: 23,056 low | high Med: 990 $ / SqFt: $434 low | high Med: $746 On site: 231 low | high Med: 60.000000 | |
Listing Updated: March 6, 2025 at 12:55:23 PM PST