Los Angeles, CA 90016 3524 Chesapeake Avenue
$11,250,000
1 more
Presented By: Adrienne Barr with Berkadia;
Beds • 36
Baths • 36
SQFT • 23,056
Home Details
*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.
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
Electric On Property Y/NNo
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
Days on Market8
DirectionsOn Chesapeake Avenue just south of Exposition Boulevard. One block away from the Farmdale Expo Line station.
DisclosuresRentControl
Full Baths
Garage Y/NNo
Gross Income778928.0
HeatingCentral
Home Owner AssocNo
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 Income592432.0
New ConstructionNo
NumberOfUnitsTotal27
Private PoolNo
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
View Y/NNo
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
SpaNo
Total Parking16.0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480