32-Unit Apartment
New
For Sale
$12,595,000
3518 Chesapeake Avenue, Los Angeles, CA 90016
Controlled access, in-unit laundry, a gym and bicycle parking serve residents across a varied apartment mix.
Property Size28,473 SF
Price / SF$442.35
Days on Market2
Property Features for 3518 Chesapeake Avenue
General Information
Standard status
Active
Size
28,473 SF
Total Parking Spaces
19
Property subtype
Residential Income
Zoning
R3
Occupancy
100%
Site & Location
Neighborhood
West Adams
Public Transit
Yes
Units
Unit Mix
15 x 2BR/2BA, 8 x 1BR/1BA, 9 x studio
Multifamily Units
32
Amenities
controlled access
in-unit laundry
gym
bicycle parking
EV charging
balconies
true
47
4
38
Assessor
12810
19
0.2941
Covered,Gated
28473
1
Building Details
Building Size
28,473 SF
Year Built
2023
Buildings
1
Stories
4
Listing Agency:
Keller Williams Beverly Hills
(424) 600-7633
Listed By:
Dario Svidler · License #01884474
(818) 653-2663
Source:
Lmbenterprises
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 29 at 2:27PM
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
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Investment Insights
Based on property information with market context.
This 32-unit apartment community received its Certificate of Occupancy in 2023 and is zoned R3. The unit mix includes fifteen 2-bedroom, 2-bath apartments, eight 1-bedroom, 1-bath apartments and nine studios, with units ranging from 475 to 966 SF. Three apartments are reserved for affordable housing. Residents have access to a gym, controlled entry, in-unit laundry, bicycle parking and 19 vehicle parking spaces; some apartments have balconies. The property is fully rented, and additional tenant charges include parking, storage, EV charging, TV and internet service, and RUBS.
At 3518 Chesapeake Avenue in Los Angeles, the property is one block from the Farmdale Metro Expo (E) Station. Rancho Cienega Recreation Center and Dorsey Senior High School are also nearby.
At 3518 Chesapeake Avenue in Los Angeles, the property is one block from the Farmdale Metro Expo (E) Station. Rancho Cienega Recreation Center and Dorsey Senior High School are also nearby.
Key Highlights
- 32 apartments: fifteen 2‑bedroom, 2‑bath units; eight 1‑bedroom, 1‑bath units; and nine studios
- Unit sizes range from 475 to 966 SF
- Certificate of Occupancy issued in 2023; zoned R3
Property Analytics
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Lease Details
32
Residential units
100%
Occupancy
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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Controlled access, in-unit laundry, a gym and bicycle parking serve residents across a varied apartment mix.
Where is this apartment building located?
The property is located at 3518 Chesapeake Avenue 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 apartments: fifteen 2‑bedroom, 2‑bath units; eight 1‑bedroom, 1‑bath units; and nine studios; Unit sizes range from 475 to 966 SF; Certificate of Occupancy issued in 2023; zoned R3
