$11,250,000 $60,392 forsale estimated payment Sourced by Back At You
3524 Chesapeake Avenue , Los Angeles, CA 90016
Los Angeles, CA 90016
3524 Chesapeake - 27 Luxury Apartment Units
Aerial view of 3524 Chesapeake Ave
3524 Chesapeake - Aerial
3524 Chesapeake Unit interior
3524 Chesapeake Beautifully appointed units with modern kitchens
3524 Chesapeake fitness center
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.
Details
| Mls | 24436897 |
|---|---|
| Listing Type | For Sale |
| Subtype | Resale |
| Status | Active |
| Year | 2021 |
| Days On Site | 83 |
| Listing Provided By | Berkadia 310-209-3200 | Adrienne Barr |
Features
| Beds | 36 |
|---|---|
| Baths | 36 |
| Sq Feet | 23,056 |
| Storys | 4 |
| Units | 27 |
| Buildings | 1 |
| Zoning | LAR3 |
| Acreage | 0.29 |
Market Activity 90016
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90016 |
| Area | PHHT Park Hills Heights |
| Listing VS Median (in 90016) | |
Price: $11,250,000 low | high Med: $995,000 SqFt: 23,056 low | high Med: 988 $ / SqFt: $488 low | high Med: $1,007 On Site: 83 low | high Med: 90.000000 | |
Listing Updated: November 26, 2024 at 6:32:24 PM PST
