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3518 Chesapeake Ave
Los Angeles, CA 90016

$14,675,000 USD

Apartments For Sale • 28,948 SF

Property Details

Property Type Apartments
Total Building Size 28,948 SF
Lot Size 0.29 AC
Building Class B
Year Built 2023
Cap Rate 5.07 %
Zoning LAR3

61 Transit Score

77 Walk Score

                
                    Highlights
                
                                Brand New Construction
                            
                                Luxury Community Amenities (Gym, EV Charging, All Units have Washer & Dryers)
                            
                                High-end Appointments
                            
                                Less Than 5-Minutes to Culver City and the Expo Line

Property Flyers

3518 Chesapeake Offering Memorandum 10-2024 (1email)

Financial Summary (Proforma)

Net Operating Income: $744,010 USD (2024)

Cap Rate:	5.07 %
Total Expenses:	$351,958 USD

Amenities

Air Conditioning
Controlled Access
Dishwasher
Disposal
Fitness Center
Microwave
Property Manager on Site
Washer/Dryer
Disposal Chutes
Grill
Wheelchair Accessible
Refrigerator
Bicycle Storage
Car Charging Station
Community-Wide WiFi
Elevator
Double Pane Windows
Public Transportation

Public Transportation

Commuter Rail	Drive	Walk	Distance
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak)	14 min	-	8.2 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	16 min	-	8.3 mi
Transit/Subway	Drive	Walk	Distance
Farmdale (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro))	0 min	1 min	0.1 mi
Expo/Crenshaw (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro))	1 min	12 min	0.6 mi
Expo/La Brea (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro))	1 min	12 min	0.7 mi
Airport	Drive	Walk	Distance
Los Angeles International	16 min	-	8.4 mi
Bob Hope	28 min	-	16.0 mi
Long Beach (Daugherty Field)	33 min	-	23.7 mi

Warren Berzack 818-933-0350 Lee & Associates Commercial Real Estate Service

3518 Chesapeake Ave Los Angeles, CA 90016