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3524 Chesapeake Ave
Los Angeles, CA 90016
Price Reduced By $1.25MM | $370K/u | 2021 YB · Multifamily Property For Sale
·
27 Units
Investment Highlights
- PRICE REDUCED by $1.25 Million!!
- Priced far below replacement cost at $434 PSF and $370K per unit
- One-block away from the Metro Expo “E” Line Farmdale Station, providing tremendous access to DTLA, Culver City, and Santa Monica
- Built in 2021: 27 luxury units with in-unit washer and dryer
- 5.3% cap rate and 6.4% cap rate at proven market rents
- Incredible micro-location with six brand-new buildings on the block; Strong Demos: $100K Avg HHI and $1.4M Avg Home Value (3-mi radius)
Property Facts
| No. Units | 27 | Building Size | 23,358 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 2021 |
| Building Class | B | Parking Ratio | 0.68/1,000 SF |
| Lot Size | 0.29 AC | ||
| Zoning | R3-1 Tier 3 - Multiple Dwelling | ||
| No. Units | 27 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.29 AC |
| Building Size | 23,358 SF |
| Average Occupancy | 96% |
| No. Stories | 4 |
| Year Built | 2021 |
| Parking Ratio | 0.68/1,000 SF |
| Zoning | R3-1 Tier 3 - Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Fitness Center
- Elevator
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 18 | - | 583 |
| 2+2 | 9 | - | 826 |
Property Taxes
| Parcel Number | 5046-015-033 | Improvements Assessment | $5,267,793 |
| Land Assessment | $1,877,416 | Total Assessment | $7,145,209 |
Property Taxes
Parcel Number
5046-015-033
Land Assessment
$1,877,416
Improvements Assessment
$5,267,793
Total Assessment
$7,145,209
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