Los Angeles, CA 90016 3500 Chesapeake Avenue
$10,795,000
16 more
Presented By: Tim Robertson with Compass; 949-322-7779
Home Details
Metropointe North is a 22 unit apartment building built in 2021, with professional management provided by Power Property Management, and occupancy is stable. The units are pristine and the location is excellent, adjacent to the Farmdale light rail metro station. Unit mix includes: 8 one bedroom and one bath, 4 two bedroom and one bath, 9 two bedroom and two bath, and 1 three bedroom and two bath. 3 units are deemed affordable housing. The neighborhood has undergone a major economic boom and the economic outlook is bright considering the ongoing $1 billion redevelopment of nearby 43 acre Crenshaw Plaza over the next seven years. The long term demand for local housing for this area seems robust. The building features a central courtyard and an oversized yard with pavers on the south side of the building. Tenants have access to a bike closet and an elevator for added convenience. All units are equipped with stainless steel appliances, a washer and dryer, central air conditioning and heat.
Presented By: Tim Robertson with Compass; 949-322-7779
Interior Features for 3500 Chesapeake Avenue
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesLaundryCloset
Total Stories5
Other Rooms
Entry Level1
General for 3500 Chesapeake Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Building FeaturesElevators
Building NameMetropointe North
Business TypeRental
Cap Rate4.1
Carport Y/NNo
CityLos Angeles
CoolingCentralAir
CountyLos Angeles
Current FinancingConventional
Days on Market439
DirectionsEast on Obama, left on Chesapeake.
Garage Y/NNo
HeatingCentral
Home Owner AssocNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet13727.0
Lot Size UnitsSquareFeet
MLS AreaPHHT - Park Hills Heights
MobileHomeRemainsYNNo
New ConstructionNo
NumberOfUnitsTotal22
Occupancy TypeTenant
Private PoolNo
Property Sub Type AdditionalMultiFamily
Property SubTypeMultiFamily
Property TypeCommercialSale
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
TermsCash, CashtoNewLoan, Item1031Exchange
View Y/NNo
Virtual TourClick here
Virtual TourClick here
Waterfront Y/NNo
Year Built2021
Year Built SourceEstimated
Exterior for 3500 Chesapeake Avenue
Building Area Total20449.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesCornerLot
Lot Size Acres0.3151
Lot Size Area13727.0
Lot Size SourceEstimated
Number of Buildings1
Open Parking Y/NNo
SpaNo
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480