Listing provided courtesy of Adrienne Barr of Berkadia. Last updated 2025-04-22 08:11:32.000000. Listing information © 2024 Sandicor.
Asking Price: $9,995,000 |
3524 Chesapeake, Los Angeles CA 90016
Community: PHHT - Park Hills Heights
This property was built in 2021 and is priced at $9,995,000. Please see the additional details below.
Don't Miss This....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 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 Mar. 1; see Agent Remarks for property website.