3524 Chesapeake Ave, Los Angeles, CA 90016 – 24-436897

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$11,250,000

Est. payment - /mo

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36 BD

36 BA

23,056 SqFt

Active

3524 Chesapeake Ave Los Angeles, CA 90016

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Norma Mardelli

norma@mardellirealestate.com +1(818) 400-3794

UPDATED:

09/17/2024 11:35 PM

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

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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Berkadia