Los Angeles, CA 90016 3518 Chesapeake Avenue

$14,500,000

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Presented By: Brent Sprenkle with NorthMarq Realty Services, Inc; 310-621-8221
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# OC25089851
  • 04/24/2025
  • Request Tour
  • Request Info
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 38
  • Baths • 7
  • SQFT • 23,032
  • Garage • 19

Home Details

The Peake at 3518 Chesapeake Avenue is a 32 unit apartment building that was recently completed in 2023. The property is 4 stories over a level of on-grade parking and located steps from the Expo Metro E Line Farmdale station, connecting the property to the Westside and Downtown Los Angeles. The diverse unit mix consists of 9 studios with one bathroom, 8 one bedrooms with one bathroom and 12 two bedrooms with two bathroom plus 3 units that are affordable two bedrooms with two bathrooms. PLEASE CONTACT LISTING BROKERS FOR MORE INFORMATION!
Presented By: Brent Sprenkle with NorthMarq Realty Services, Inc; 310-621-8221

Interior Features for 3518 Chesapeake Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesInside
Total Stories4

Other Rooms

Entry Level1

General for 3518 Chesapeake Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.0
Carport Y/NNo
CityLos Angeles
Community FeaturesBiking, Curbs, DogPark, Golf, Gutters, Hiking, Park, StormDrains, StreetLights, Suburban, Sidewalks, Urban
CountyLos Angeles
DirectionsOff of Chesapeake Ave and W Exposition Blvd
Electric Expense0.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense0.0
Garage Spaces19.0
Garage Y/NYes
Gross Income1079943.0
HOANo
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToNewLoan, Conventional
Lot Size Square Feet12632.0
Lot Size UnitsSquareFeet
MLS AreaC34 - Los Angeles Southwest
MobileHomeRemainsYNNo
Net Operating Income722999.0
New ConstructionNo
Number Of Units Total32
Operating Expense356944.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot83
Trash Expense0.0
UtilitiesSewerNotAvailable, WaterNotAvailable
Water Sewer Expense0.0
Year Built2023
Year Built SourceAssessor
ZoningLAR3

Exterior for 3518 Chesapeake Avenue

Building Area Total23032.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesPaved
Lot Size Acres0.29
Lot Size Area12632.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters32
Number of Separate Gas Meters32
Number of Separate Water Meters32
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking19.0
Water SourceNone
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $14,500,000
MLS#OC25089851
List Date 04/24/2025
Property Type Multi-Family
Phone 714.742.6515
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Request Info
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