3524 Chesapeake Avenue

Los Angeles, CA 90016 Active for $11,250,000
 


Beds: 36  Baths: 36  Structure Size: 23,056 sqft  Lot Size: 12,812 sqft


Property Facts
MLS 24436897
Year Built 2021
Property Type
County Los Angeles
Status Active
Active $11,250,000
Structure Size 23,056 sqft
Lot Size 12,812 sqft
Beds 36
Baths 36

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.

Listing information courtesy of: Adrienne Barr, Berkadia . *Based on information from the Association of REALTORS/Multiple Listing as of 11/09/2024 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.


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