3524 Chesapeake Ave Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90016
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 23,056 sqft
Price per Sqft $487
MLS Listing ID 24-436897
Bedrooms 36
Year Built 2021
Lot Size 0.294 Acres
Acres 0.2941
Property Description
*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.
Location
State CA
County Los Angeles
Area Park Hills Heights
Zoning LAR3
Rooms
Other Rooms None
Interior
Heating Central
Cooling Central
Equipment Dishwasher, Dryer, Washer, Range/Oven, Garbage Disposal, Refrigerator, Microwave
Laundry In Unit
Exterior
Parking Features Gated, Community Garage, Covered Parking, Side By Side
Garage Spaces 16.0
Building
Story 4
Level or Stories Three Or More
Others
Special Listing Condition Standard