3524 Chesapeake Ave - Apartments FOR SALE
Los Angeles, CA 90016 |
3524 Chesapeake Ave
Los Angeles, CA 90016
HIGHLIGHTS
- PRICE REDUCED by $1.25 Million!!
- Built in 2021: 27 luxury units with in-unit washer and dryer
- Priced far below replacement cost at $434 PSF and $370K per unit
- 5.3% cap rate and 6.4% 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 six brand-new buildings on the block; Strong Demos: $100K Avg HHI and $1.4M Avg Home Value (3-mi radius)
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY NAME
Price Reduced By $1.25MM | $370K/u | 2021 YB
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
23056
STORIES
4
YEAR BUILT
2021
PARKING SPACES
16
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
5046-015-033
