$ 11,250,000
3524 Chesapeake AVE Los Angeles, CA 90016
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$ 11,250,000
Est. payment /mo
Active
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
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