3518 Chesapeake Ave Los Angeles, CA 90016

Building Details

Year Built

2023

Listing Agency Keller Williams Beverly Hills

Listed by Dario Svidler

Source Rochellemaize

Added: May 4 Checked: Jul 16 at 10:15 am

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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.

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.

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FAQs

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 $12,750,000.

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.