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3524 Chesapeake Ave
Los Angeles, CA 90016

$11,250,000 USD

Apartments For Sale  •  23,056 SF

Property Details

  • Property Type Apartments
  • Total Building Size 23,056 SF
  • Lot Size 0.29 AC
  • Building Class B
  • Year Built 2021
  • Zoning R3-1 Tier 3
61 Transit Score
77 Walk Score

Highlights

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 Demos: $100K Avg HHI and $1.4M Avg Home Value (3-mi radius)

Amenities

  • Air Conditioning
  • Balcony
  • Controlled Access
  • Dishwasher
  • Fitness Center
  • Microwave
  • Washer/Dryer
  • Heating
  • Kitchen
  • Oven
  • Range
  • Elevator

Public Transportation

Commuter RailDriveWalkDistance
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/SubwayDriveWalkDistance
Farmdale (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 0 min 2 min 0.1 mi
Expo/Crenshaw (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 min 12 min 0.7 mi
Expo/La Brea (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 13 min 0.7 mi
AirportDriveWalkDistance
Los Angeles International 16 min - 8.4 mi
Bob Hope 28 min - 16.1 mi
Long Beach (Daugherty Field) 33 min - 23.6 mi

Parking Details

Parking Available: Yes
Reserved: Yes
Spaces Provided: 16
Type: Reserved
Included in Rent: Yes
Adrienne Barr 310-470-8963 Berkadia
Adrienne Barr 310-470-8963 Berkadia