3524 Chesapeake AVE Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90016
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
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 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