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listing
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Residential IncomeFor Sale
$11,250,000
3524 Chesapeake Avenue
Los Angeles, CA 90016
Listed by Adrienne Barr [email protected] Berkadia
MLS: California Regional MLS (CRMLS)
36Beds
36Baths
23,056Sq Ft
Est. Mortgage
$58,170/mo

*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.

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Information courtesy of Berkadia is subject to verification and is not guaranteed.
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