3524 Chesapeake Avenue
Los Angeles, CA 90016
$750,000.00 (-6.67%)
Active for $10,500,000
Beds: 36 Baths: 36 Structure Size: 23,056 sqft Lot Size: 12,812 sqft
| MLS | 24436897 |
| Year Built | 2021 |
| Property Type | |
| County | Los Angeles |
| Status | Active |
| Active | $10,500,000 |
| Structure Size | 23,056 sqft |
| Lot Size | 12,812 sqft |
| Beds | 36 |
| Baths | 36 |
Description
PRICE REDUCED by $750,000 *Built in 2021: 27 luxury units with in-unit washer and dryer *Priced far below replacement cost at $455 PSF and $388K per unit *5.2% cap rate and 6.1% 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 six 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 Mar. 1; see Agent Remarks for property website.
Listing information courtesy of: Adrienne Barr, Berkadia 310-470-8963. *Based on information from the Association of REALTORS/Multiple Listing as of 02/13/2025 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.
Location
Contact a Local Realtor®
Gina Ammon + Donna Baker
REALTOR®
Direct: 626.487.0820
Email: Email Me
DRE: 01498679 - 01308772
DRE #01873088
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