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
: No
: Central
: Central Air
: No
: No
: 16
: Gated, Side By Side, Community Structure, Covered
Address Map
U.S.
California
Los Angeles
Los Angeles
90016
3524 Chesapeake Avenue
0
W119° 39' 18.4''
N34° 1' 22.5''
MLS Addon
$0
23,056 Sqft
: No
: No
0
On Chesapeake Avenue just south of Exposition Boulevard. One block away from the Farmdale Expo Line station.
: No
4
Residential Income For Sale Los Angeles
3524 Chesapeake Avenue, Los Angeles, Los Angeles, California, 90016
36 Bedrooms
23,056 Sqft
Visits : 2 in 11 days
$11,250,000
Listing ID #24436897
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 24436897
Price : $11,250,000
Bedrooms : 36
Square Footage : 23,056 Sqft
Year Built : 2021
Lot Area : 12,812 Acre
Status : Active
Agent info
Damian M. Ramirez
- View website
- (714) 292-7224
- (714) 292-7224
- (800) 243-0149
-
-
- 01974515
- 1213238
- PWDAMRA
Broker
A level-headed and composed professional.
Combat veteran and experienced CEO with the ability to train and motivate staff to meet challenging performance targets and consistently satisfy clients with high-quality service.
Contact Agent
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