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$ 11,250,000

Est. payment -/mo

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3524 Chesapeake AVE Los Angeles, CA 90016

36 Beds

36 Baths

23,056 SqFt

UPDATED:

09/30/2024 06:11 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 23,056 sqft

Price per Sqft $487

MLS Listing ID 24436897

Bedrooms 36

HOA Y/N No

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 Phht - Park Hills Heights

Zoning LAR3

Interior

Heating Central

Cooling Central Air

Fireplace No

Appliance Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer

Exterior

Garage Covered, Gated, Community Structure, Side By Side

Parking Type Covered, Gated, Community Structure, Side By Side

Total Parking Spaces 16

Building

Story 4

Entry Level Three Or More

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 5046015033

Special Listing Condition Standard

Listed by Adrienne Barr • Berkadia

Align Real Estate .

License ID: DRE #01961048

+1(760) 512-3374

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3524 Chesapeake AVE Los Angeles, CA 90016

Key Details

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3524 Chesapeake AVE