Don’t Miss This….PRICE REDUCED by $1.25 Million! *Built in 2021: 27 luxury units with in-unit washer and dryer *Priced far below replacement cost at $434 PSF and $370K per unit *5.3% cap rate and 6.4% 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.
Property Details
Price:
$9,995,000
MLS #:
24436897
Status:
Active
Baths:
0
Address:
3524 Chesapeake Avenue
Type:
Residential Income
Neighborhood:
phhtparkhillsheights
City:
Los Angeles
Listed Date:
Sep 9, 2024
State:
CA
ZIP:
90016
Lot Size:
12,812 sqft / 0.29 acres (approx)
Year Built:
2021
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Schools
Interior
Appliances
Dishwasher, Disposal, Microwave, Refrigerator
Cooling
Central Air
Heating
Central
Exterior
Parking Features
Gated, Community Structure, Covered, Side by Side
Parking Spots
16.00
Stories Total
4
Financial
Map
Community
- Address3524 Chesapeake Avenue Los Angeles CA
- AreaPHHT – Park Hills Heights
- CityLos Angeles
- CountyLos Angeles
- Zip Code90016
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3524 Chesapeake Avenue
Los Angeles, CA
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