3524 Chesapeake Avenue Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90016
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 23,056 sqft
Price per Sqft $455
MLS Listing ID CL24436897
HOA Y/N No
Year Built 2021
Lot Size 0.294 Acres
Acres 0.29
Property Sub-Type Other
Property Description
PRICE REDUCED by $750,000 *Built in 2021: 27 luxury units with in-unit washer and dryer *Priced far below replacement cost at $455 PSF and $388K per unit *5.2% cap rate and 6.1% 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 six 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 Mar. 1; see Agent Remarks for property website.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Other
Cooling Central Air
Fireplace No
Appliance Dryer
Laundry Dryer,Washer
Building
New Construction No
Others
Tax ID 5046015033