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Property Description

*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.

Features
: Central
: Central Air
4
: Dryer Included, Washer Included
0
Additional Information
Berkadia
0
CLW-C106463
CLW-X72854
Adrienne
5046015033
: Standard
Three Or More
32

Multi-Family For Sale

3524 Chesapeake Avenue, Los Angeles, California 90016

23,056 Sqft
$11,250,000
Listing ID #24436897
Basic Details
Status : Active
DaysOnMarket : 8
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24436897
Price : $11,250,000
Living Area : 23,056 Sqft
Lot Size : 12,812 Sqft
Year Built : 2021
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90016
Price Per Square Foot : $488
ModificationTimestamp : 2024-09-17 16:49:17
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