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3524 Chesapeake Avenue

Los Angeles, CA 90016

– beds
– baths
– sqft
12,812 sqft lot
2021 build
– on site

*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.

Listed By CRMLS_CA / Adrienne Barr / Berkadia

Last checked: Checking… • Last updated Sep 17, 2024 •

MLS# 24436897 —

The Building

Year Built:

2021
Year Built Source:

Seller
New Construction:

No
Building Area Total:

23056.00
# of Buildings:

1
Total Number Of Units:

27
Stories Total:

4

Interior

Levels:

Three Or More
Laundry:

Washer Included, Dryer Included
Laundry:

1

Financial & Terms

Disclosures:

Rent Control

Location

Directions:

On Chesapeake Avenue just south of Exposition Boulevard. One block away from the Farmdale Expo Line station.
Latitude:

34.02292700
Longitude:

-118.34488800

The Property

Property Type:

Residential Income
Zoning:

LAR3
Lot Size Area:

12812.0000
Lot Size Acres:

0.2941
Lot Size SqFt:

12812.00

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5046015033

Heating & Cooling

Heating:

1
Heating:

Central
Cooling:

Yes
Cooling:

Central Air

Appliances

Appliances:

Dishwasher, Disposal, Microwave, Refrigerator
Included:

Yes

The Community

Senior Community:

No
Association:

No
Assessments:

No

Parking

Parking:

Yes
Parking:

Gated, Community Structure, Covered, Side by Side
Parking Spaces:

16.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
9/9/24 Sep 9, 2024	Listed / Active	CRMLS_CA	$11,250,000

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This multifamily located in South LA, Los Angeles, CA 90016 is currently for sale for $11,250,000. 3524 Chesapeake Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 76 days. 3524 Chesapeake Avenue is in the South LA neighborhood of Los Angeles and has a WalkScore® of 77, making it very walkable. This multifamily is in the attendance area of Susan Miller Dorsey Senior High School, Audubon Middle School, and Coliseum Street Elementary School.

Listing Courtesy of: CRMLS_CA and Berkadia. Based on information from California Regional Multiple Listing Service, Inc. as of 14:25 on Nov 24.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.