32-Unit Apartment
For Sale
$12,595,000
3518 Chesapeake Ave, Los Angeles, CA 90016
Residential Income, Los Angeles, CA
Property Size28,473 SF
Lot Size0.29 Acres
Price / SF$442.35
Days on Market140
Property Features for 3518 Chesapeake Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3
Bedrooms
38
Bathrooms
47
Full bathrooms
6
Rooms
Bedroom 36, Bathroom 39, Bathroom 35, Bathroom 29, Bathroom 41, Bathroom 5, Bathroom 42, Bathroom 24, Bathroom 23, Bathroom 18, Bedroom 17, Bathroom 8, Bedroom 16, Bedroom 11, Bathroom 3, Bathroom 13, Bedroom 8, Bathroom 1, Bathroom 22, Bathroom 19, Bathroom 28, Bedroom 13, Bedroom 35, Bathroom 26, Bedroom 14, Bedroom 6, Bathroom 34, Bathroom 15, Bathroom 45, Bathroom 20, Bedroom 30, Bathroom 17, Bathroom 38, Bathroom 12, Bathroom 4, Bedroom 1, Bathroom 40, Bathroom 46, Bedroom 34, Bedroom 2, Bedroom 20, Bedroom 21, Bathroom 2, Bedroom 23, Bedroom 4, Bedroom 9, Bathroom 43, Bedroom 22, Bathroom 36, Bathroom 32, Bedroom 26, Bedroom 38, Bathroom 7, Bathroom 27, Bathroom 10, Bedroom 27, Bedroom 29, Bedroom 37, Bedroom 7, Bedroom 18, Bedroom 25, Bedroom 19, Bedroom 33, Bathroom 6, Bathroom 11, Bathroom 21, Bathroom 44, Bathroom 30, Bathroom 9, Bathroom 16, Bathroom 25, Bedroom 3, Bathroom 33, Bathroom 31, Bedroom 24, Bathroom 37, Bedroom 32, Bathroom 47, Bedroom 28, Bedroom 15, Bedroom 31, Bedroom 10, Bathroom 14, Bedroom 12, Bedroom 5
Parking
19
Parking features
Covered, Garage - Attached, Gated
Directions
North of Obama Blvd., South of Exposition Blvd., East of La Brea Ave., West of Crenshaw Blvd.
Subdivision
Park Hills Heights
Standard status
Active
APN
5046-015-034
Size
28,473 SF
Lot size
0.29 Acres
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
controlled access
in-unit laundry
balconies
bicycle parking
gym
EV charging
TV and internet service
manicured common areas
Building Details
Year built
2023
Floors in Building
4
Number of units
32
Listing Agency:
Keller Williams Beverly Hills · Keller Williams Realty
(310) 432-6400
Listed By:
Dario Svidler · License #01884474
(424) 600-7633
Added: May 4
Changed: Sep 12
Last Checked: Sep 20 at 10:06AM
MLS# 26829517
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2023, this 32-unit apartment property at 3518 Chesapeake Ave. in Los Angeles includes 15 two-bedroom/two-bath units, eight one-bedroom/one-bath units, and nine studios ranging from 475 to 966 SF. Three units are designated for affordable housing. The community includes central heating and air conditioning, new appliances, controlled entry, landscaped common areas, a gym, bicycle parking, select balconies, and 19 vehicle spaces with gated, covered, attached-garage parking.
The property is one block from the Farmdale Metro Expo (E) Station, providing rail access toward USC, Culver City, Downtown LA, and Santa Monica. It backs onto a single-family-zoned area with low-rise homes and unobstructed views. Additional revenue sources include independently billed parking and storage fees, EV charging, TV and Internet service, and RUBS. The property is zoned R3 and has a 2023 Certificate of Occupancy.
The property is one block from the Farmdale Metro Expo (E) Station, providing rail access toward USC, Culver City, Downtown LA, and Santa Monica. It backs onto a single-family-zoned area with low-rise homes and unobstructed views. Additional revenue sources include independently billed parking and storage fees, EV charging, TV and Internet service, and RUBS. The property is zoned R3 and has a 2023 Certificate of Occupancy.
Key Highlights
- 32‑unit apartment community with 15 two‑bedroom units, 8 one‑bedroom units, and 9 studios
- 28,473 Square Feet on 0.2941 acres; units range from 475 to 966 SF
- Built in 2023 with a Certificate of Occupancy from 2023
Property Analytics
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Current Use
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Modern multifamily asset with controlled access, in-unit laundry, balconies, and a resident gym.
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 15 two‑bedroom units, 8 one‑bedroom units, and 9 studios; 28,473 Square Feet on 0.2941 acres; units range from 475 to 966 SF; Built in 2023 with a Certificate of Occupancy from 2023
