32-Unit Apartment
For Sale
$12,595,000
3518 Chesapeake Ave, Los Angeles, CA 90016
MULTI_FAMILY - Los Angeles, CA
Property Size28,473 SF
Lot Size0.29 Acres
Price / SF$442.35
Days on Market95
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
Bathroom 44, Bathroom 2, Bathroom 11, Bathroom 16, Bathroom 5, Bathroom 21, Bathroom 35, Bathroom 30, Bathroom 36, Bedroom 36, Bedroom 7, Bathroom 39, Bedroom 17, Bathroom 25, Bathroom 12, Bathroom 29, Bedroom 32, Bedroom 26, Bedroom 21, Bedroom 27, Bedroom 4, Bathroom 4, Bathroom 19, Bedroom 13, Bathroom 3, Bathroom 8, Bedroom 22, Bathroom 45, Bedroom 6, Bedroom 25, Bathroom 22, Bathroom 47, Bedroom 37, Bedroom 5, Bathroom 17, Bathroom 27, Bathroom 31, Bathroom 24, Bathroom 32, Bathroom 20, Bedroom 31, Bathroom 10, Bedroom 23, Bedroom 16, Bathroom 46, Bathroom 34, Bathroom 38, Bathroom 37, Bedroom 34, Bathroom 41, Bedroom 2, Bedroom 9, Bedroom 28, Bedroom 15, Bathroom 43, Bathroom 33, Bedroom 24, Bedroom 38, Bathroom 23, Bedroom 1, Bedroom 35, Bathroom 1, Bathroom 7, Bedroom 20, Bedroom 10, Bathroom 9, Bathroom 28, Bathroom 40, Bedroom 18, Bathroom 15, Bedroom 30, Bedroom 11, Bedroom 19, Bathroom 14, Bedroom 33, Bedroom 8, Bedroom 29, Bathroom 42, Bathroom 18, Bedroom 14, Bedroom 3, Bathroom 26, Bathroom 6, Bedroom 12, Bathroom 13
Parking
19
Parking features
Covered, Gated, Garage - Attached
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
gym
balconies
bicycle parking
EV charging
storage
TV and internet service
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: Aug 1
Last Checked: Aug 6 at 12:06AM
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.
The Peake is a 32-unit apartment community built in 2023, with a Certificate of Occupancy from 2023. The building is served by central heating and central air, and features controlled access and in-unit laundry. Parking amenities include covered, gated garage—attached—plus 19 vehicle parking spaces, along with bicycle parking. Several apartments include balconies, and the community also has a comfortable gym and manicured common areas.
The property sits on a 0.2941-acre lot and is approximately 28,473 square feet. It is zoned R3 and configured with fifteen 2 bed + 2 bath units, eight 1 bed + 1 bath units, and nine studio units. Unit sizes are described as ranging from 475 to 966 SF, and three restricted units are reserved for affordable housing.
Additional tenant-billed services are described as EV charging, TV, and Internet, billed to tenants along with RUBS, and parking/storage fees are charged independently of rents. Building features also include EV charging and independent access to these fee streams, with parking and storage referenced as add-on income sources.
The property sits on a 0.2941-acre lot and is approximately 28,473 square feet. It is zoned R3 and configured with fifteen 2 bed + 2 bath units, eight 1 bed + 1 bath units, and nine studio units. Unit sizes are described as ranging from 475 to 966 SF, and three restricted units are reserved for affordable housing.
Additional tenant-billed services are described as EV charging, TV, and Internet, billed to tenants along with RUBS, and parking/storage fees are charged independently of rents. Building features also include EV charging and independent access to these fee streams, with parking and storage referenced as add-on income sources.
Key Highlights
- 32 units with a Certificate of Occupancy from 2023, built in 2023
- Fifteen 2 bed + 2 bath, eight 1 bed + 1 bath, and nine studio units
- 0.2941‑acre lot and 28,473 square feet with R3 zoning
Property Analytics
Property Profile
Current Use
Lease Details
32
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,586
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 - R3-zoned 32-unit apartment community built 2023 with central HVAC, controlled access, and in-unit laundry.
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 units with a Certificate of Occupancy from 2023, built in 2023; Fifteen 2 bed + 2 bath, eight 1 bed + 1 bath, and nine studio units; 0.2941‑acre lot and 28,473 square feet with R3 zoning
