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$9,495,000

Est. payment - /mo

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36 Beds

36 Baths

23,358 SqFt

New

3524 Chesapeake AVE Los Angeles, CA 90016

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The Brandon Drew Group

financing@tbdgmortgage.com +1(909) 944-8800

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 23,358 sqft

Price per Sqft $406

MLS Listing ID 25554359

Bedrooms 36

HOA Y/N No

Year Built 2021

Lot Size 0.294 Acres

Property Description

We are proud to present for sale a 2021 New Construction, 27-unit luxury apartment complex located in the West Adams submarket of Los Angeles. The property is ideally situated at 3524 Chesapeake Ave. (a quiet, residential street) and 3 doors down from Exposition Blvd., with the Metro (E) Expo Line Station just one block away. Built with modern systems and expectations, this building has pristine comfortable apartments, an incredible unit mix and views over neighboring properties from many units. The property boasts Eighteen 1 bedroom, 1 bathroom units, and Nine 2 bedroom, 2 bathroom units (3 of which are deemed affordable). Amenities include common area benches and tables, and a gym. The densely populated location with easy access to the 10 freeway and the Metro (E) Expo Line ensures a constant demand to lease up vacancies, allow for tenant comfort and investor stability. The area has undergone a major economic renaissance during the past decade, with development as the driving force. The new apartment and mixed-use developments in the immediate area have provided an overwhelming increase in the demand for high end rental units and retail. This central-courtyard building has a gated garage with 16 side-by-side parking spaces (with separate income), a gym, fire sprinklers, and an inviting entryway that leads to a mail room and elevator. All units have a washer & dryers and balconies, as well as all the modern conveniences of living in a brand-new building. The property comes with Ready-to-Issue Plan Check to convert the recreation room and storage space to two Accessory Dwelling Units, which would bring the total unit count of the building to 29 units.

Location

State CA

County Los Angeles

Area Phht - Park Hills Heights

Zoning R3

Interior

Fireplace No

Appliance Dryer, Washer

Exterior

Parking Features Garage, Side By Side

Total Parking Spaces 16

Building

Story 4

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5046015033

Special Listing Condition Standard

Listed by Dario Svidler • Keller Williams Beverly Hills

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