Property Detail

3524 Chesapeake

Los Angeles CA 90016

$11,250,000

Status: Active

Property Details

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.

Map Location

Listing provided courtesy of Adrienne Barr of Berkadia. Last updated 2024-11-23 09:11:38.000000. Listing information © 2024 CRMLS.

Linda Lederer Bernstein

Linda Lederer Bernstein

DRE #1527365
Inquire Now
https://www.royacdn.com/unsafe/smart/Site-4c9a5a23-65f0-4293-a932-ee64df628422/headshot/Linda_0036new.jpg Realtor https://www.royacdn.com/unsafe/smart/Site-4c9a5a23-65f0-4293-a932-ee64df628422/headshot/Linda_0036new.jpg