Los Angeles, CA 90016 3524 Chesapeake Avenue
$9,995,000
1 more
Presented By: Adrienne Barr with Berkadia;
- MLS# 24436897
- 09/09/2024
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 36
Baths • 36
SQFT • 23,056
Home Details
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.
Presented By: Adrienne Barr with Berkadia;
Interior Features for 3524 Chesapeake Avenue
Bedrooms
Total Bedrooms36
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths36
Other Interior Features
LivingAreaSourceOther
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Total Stories4
General for 3524 Chesapeake Avenue
Additional Parcels Y/NNo
AppliancesDishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer
Attached Garage No
Carport Y/NNo
CityLos Angeles
CoolingCentralAir
CountyLos Angeles
DirectionsOn Chesapeake Avenue just south of Exposition Boulevard. One block away from the Farmdale Expo Line station.
DisclosuresRentControl
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
Gross Income781080.0
HOANo
HeatingCentral
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsThreeOrMore
Lot Size Square Feet12812.0
Lot Size UnitsSquareFeet
MLS AreaPHHT - Park Hills Heights
MobileHomeRemainsYNNo
Net Operating Income544463.0
New ConstructionNo
Number Of Units Total27
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Waterfront Y/NNo
Year Built2021
Year Built SourceOwner
ZoningLAR3
Exterior for 3524 Chesapeake Avenue
Building Area Total23056.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.2941
Lot Size Area12812.0
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesCovered, Gated, CommunityStructure, SideBySide
Private PoolNo
SpaNo
Total Parking16.0
Additional Details
Price History
Hal Schlegel
Broker Associate