3524 Chesapeake AVE Active

Los Angeles,CA 90016

$ 11250000

36 Beds

36 Baths

23056 SqFt


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

Year Built 2021

Lot Size 0.294 Acres

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

Exterior

Parking Features Covered,Gated,Community Structure,Side By Side

Building

Story 4

New Construction No

Others

Special Listing Condition Standard

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