PRICE REDUCED by $750,000 *Built in 2021: 27 luxury units with in-unit washer and dryer *Priced far below replacement cost at $455 PSF and $388K per unit *5.2% cap rate and 6.1% 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:
$10,500,000
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
See this Listing
Mortgage Calculator
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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Courtesy of Berkadia. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.3524 Chesapeake Avenue
Los Angeles, CA
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