Los Angeles, CA 90016 3524 Chesapeake Ave

$11,250,000

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Presented By: Adrienne Barr with Berkadia
  • MLS# 24436897
  • 09/09/2024
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  • 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

Additional Details

Price History

Stephen Pliaconis

Pliaconis Realty Group REALTOR® DRE 02015480
Price $11,250,000
MLS#24436897
List Date 09/09/2024
Property Type Income
Phone 310.658.1749
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