Listing provided courtesy of Adrienne Barr of Berkadia. Last updated 2024-12-03 09:11:35.000000. Listing information © 2024 CRMLS.
Asking Price: $11,250,000
3524 Chesapeake, Los Angeles CA 90016
Community: PHHT - Park Hills Heights
Status: Active
This property was built in 2021 and is priced at $11,250,000. Please see the additional details below.
*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.