32-Unit Apartment
For Sale
$12,595,000
3518 Chesapeake Ave, Los Angeles, CA 90016
Contemporary multifamily with controlled access, in-unit laundry, a gym, and 19 on-site vehicle parking spaces.
Property Size28,473 SF
Days on Market121
Property Features for 3518 Chesapeake Ave
General Information
Standard status
Active
Size
28,473 SF
Total Parking Spaces
19
Property subtype
MULTI_FAMILY
Additional Details
Multifamily Units
32
Building Details
Building Size
28,473 SF
Year Built
2023
Tenancy
Multi
Listing Agency:
Keller Williams Beverly Hills
(310) 432-6400
Listed By:
Dario Svidler · License #01884474
Source:
Rochellemaize
Added: May 4
Changed: Aug 23
Last Checked: Aug 31 at 12:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Beverly Hills
Investment Insights
Based on property information with market context.
The Peake is a 32-unit apartment community with a Certificate of Occupancy dated 2023. The building is equipped with modern systems and includes controlled access, in-unit laundry, and manicured common areas with a comfortable gym. Unit mix consists of fifteen 2 bed/2 bath, eight 1 bed/1 bath, and nine studio apartments, with some units offering balconies. Bicycle parking is available, along with 19 vehicle parking spaces. Additional tenant-billed income streams are supported through parking and storage fees charged separately from rents, as well as EV charging, TV, and internet service billed directly to tenants along with RUBS.
Located on Chesapeake Ave in West Adams on a quiet, tree-lined residential street, the property backs up to a single-family-zoned area with low-rise homes, unobstructed views, and easier street parking. The Farmdale Metro Expo (E) Station is one block away, and the property is near the Rancho Cienega Recreation Center and Dorsey Senior High School.
Three units are restricted for affordable housing.
Located on Chesapeake Ave in West Adams on a quiet, tree-lined residential street, the property backs up to a single-family-zoned area with low-rise homes, unobstructed views, and easier street parking. The Farmdale Metro Expo (E) Station is one block away, and the property is near the Rancho Cienega Recreation Center and Dorsey Senior High School.
Three units are restricted for affordable housing.
Key Highlights
- 32‑unit apartment community with a 2023 Certificate of Occupancy at 3518 Chesapeake Ave.
- Unit mix includes 15 two bed/2 bath, 8 one bed/1 bath, and 9 studios (475 to 966 SF).
- Controlled‑access building with in‑unit laundry, a gym, and bicycle parking.
Property Analytics
Property Profile
Current Use
Lease Details
32
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,771
Businesses Nearby
Explore this area
Business Placement
Demographics for 90016, CA
46,512
Population
19,529
Households
2.4
Avg Household Size
37
Median Age
32%
College-Educated
79%
High-School Grad
3.6 sq mi
ZIP Area
12,920
Density / Sq Mi
$71,067
Median Household Income
$42,292
Median Earnings
$1,729
Median Rent
$919,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Contemporary multifamily with controlled access, in-unit laundry, a gym, and 19 on-site vehicle parking spaces.
Where is this apartment building located?
The property is located at 3518 Chesapeake Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $12,595,000.
What are key features of this property?
This property features: 32‑unit apartment community with a 2023 Certificate of Occupancy at 3518 Chesapeake Ave.; Unit mix includes 15 two bed/2 bath, 8 one bed/1 bath, and 9 studios (475 to 966 SF).; Controlled‑access building with in‑unit laundry, a gym, and bicycle parking.
