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 Market180
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 33, Bathroom 41, Bedroom 10, Bedroom 19, Bedroom 11, Bathroom 38, Bathroom 12, Bathroom 31, Bedroom 6, Bathroom 11, Bathroom 4, Bathroom 16, Bedroom 27, Bathroom 30, Bedroom 38, Bathroom 42, Bedroom 29, Bathroom 27, Bedroom 5, Bathroom 3, Bathroom 29, Bathroom 28, Bathroom 47, Bedroom 21, Bathroom 46, Bathroom 10, Bedroom 28, Bathroom 14, Bathroom 20, Bedroom 2, Bathroom 25, Bathroom 15, Bathroom 19, Bathroom 8, Bedroom 36, Bedroom 17, Bedroom 1, Bathroom 43, Bathroom 9, Bedroom 8, Bathroom 23, Bedroom 12, Bedroom 30, Bathroom 45, Bedroom 37, Bathroom 26, Bedroom 22, Bathroom 40, Bathroom 17, Bedroom 16, Bedroom 34, Bedroom 20, Bathroom 34, Bedroom 14, Bedroom 25, Bathroom 6, Bathroom 32, Bedroom 26, Bedroom 31, Bedroom 32, Bathroom 39, Bedroom 13, Bathroom 21, Bathroom 5, Bedroom 33, Bathroom 18, Bedroom 15, Bathroom 1, Bathroom 35, Bathroom 37, Bathroom 36, Bathroom 13, Bathroom 44, Bedroom 3, Bedroom 24, Bedroom 18, Bathroom 2, Bedroom 35, Bathroom 7, Bedroom 23, Bathroom 24, Bedroom 4, Bedroom 9, Bathroom 22, Bedroom 7
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
Additional Details
Tenant in Place
Yes
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
controlled access
in-unit laundry
balconies
bicycle parking
EV Charging
TV and Internet service
manicured common areas
gym
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: Oct 29
Last Checked: Oct 30 at 5:06AM
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.
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Investment Insights
Based on property information with market context.
Completed in 2023, this 32-unit apartment property spans 28,473 square feet on a 0.2941-acre lot. Its unit mix comprises fifteen 2-bedroom, 2-bathroom apartments, eight 1-bedroom, 1-bathroom apartments, and nine studios, ranging from 475 to 966 square feet. Three apartments are designated for affordable housing. Building features include central heating and air conditioning, controlled access, in-unit laundry, a gym, bicycle parking, and balconies in some units. The property is fully rented and zoned R3.
The building is one block from the Farmdale Metro Expo (E) Station. Rancho Cienega Recreation Center and Dorsey Senior High School are nearby. Parking is available in 19 vehicle spaces, with covered, gated, and attached-garage parking features.
The building is one block from the Farmdale Metro Expo (E) Station. Rancho Cienega Recreation Center and Dorsey Senior High School are nearby. Parking is available in 19 vehicle spaces, with covered, gated, and attached-garage parking features.
Key Highlights
- 32 apartments across 28,473 square feet on a 0.2941‑acre lot
- Unit mix: fifteen 2‑bedroom, 2‑bathroom units; eight 1‑bedroom, 1‑bathroom units; and nine studios
- Unit sizes range from 475 to 966 square feet
Property Analytics
Who owns this building?
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Lease Details
32
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,771
Businesses Nearby
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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 - Residents have controlled entry, in-unit laundry, bicycle parking, and access to a shared 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 apartments across 28,473 square feet on a 0.2941‑acre lot; Unit mix: fifteen 2‑bedroom, 2‑bathroom units; eight 1‑bedroom, 1‑bathroom units; and nine studios; Unit sizes range from 475 to 966 square feet
