3524 Chesapeake Avenue, Los Angeles, CA 90016
-
Listed Price :
$11,250,000
-
Beds :
36
-
Baths :
36
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Property Size :
23,056 sqft
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Year Built :
2021
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.
Interior Features
| Bedroom Information |
| Bedrooms |
36 |
| Bathroom Information |
| Bathrooms |
36 |
| Interior Information |
| Cooling Type |
Central Air |
Listing Information
| Address |
3524 Chesapeake Avenue |
| City |
Los Angeles |
| State |
CA |
| Zip |
90016 |
| County |
Los Angeles |
| Listing Agent |
Adrienne Barr DRE #01308753 |
| Courtesy Of |
Berkadia |
| List Price |
$11,250,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
23,056 |
| Lot Size |
12,812 |
| Year Built |
2021 |
Listing information courtesy of: Adrienne Barr, Berkadia. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:11 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
