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    Entitled Affordable Housing Development Site

    3556 Chesapeake Ave Los Angeles, CA 90016

    New
    3556 Chesapeake Ave, Los Angeles, CA, 90016
    $2,795,000
    For Sale
    Claim this Listing
    $2,795,000

    LAND - Los Angeles, CA

    Property Size26,071 SF
    Lot Size0.29 Acres
    Price / SF$107.21
    AddedJul 9
    Days on Market7
    Last RefreshJul 15 at 2:06 am

    Property Features for 3556 Chesapeake Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R3-1 TOIA 2
    Standard status
    Active
    APN
    5046-015-019
    Lot size
    0.29 Acres

    Listing agent Dario Svidler License #01884474

    Listing office Keller Williams Beverly Hills 439 N Canon Dr. Suite 300, Beverly HIlls, CA

    Listing date Jul 9, 2026

    MLS# 26857949 Listing URL

    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 offering is a double-lot development site at 3556 and 3562 Chesapeake Ave. The property is presented as an entitled 61-unit, 100% affordable housing project configured as a five-story residential building. The planned unit mix consists of 55 one-bedrooms, 4 two-bedrooms, and 2 three-bedrooms, with approximately 26,071 square feet of rentable area and 35,781 square feet of gross floor area.

    The site totals 12,814 square feet and is zoned R3-1 under TOIA 2. The development is described as entitled under Executive Directive 1 (ED1) as a privately funded affordable housing community. The seller notes the project is fully entitled and that the project will not be submitted to Plan Check by the seller, allowing an incoming developer to finalize construction documents to their specifications.

    For developers, this site provides a ready-to-proceed path with entitlement already in place for the 61-unit building. The architect has stated the project is scalable to 79 units and 6 floors without impacting the approval timeline. The seller also indicates the possibility of rehabbing existing units on site, delivered vacant, as an interim strategy while awaiting the right time to build.

    Key Highlights

    • Entitled 61‑unit, 100% affordable housing project on double lot at 3556 & 3562 Chesapeake Ave.
    • Site size: 12,814 SF R3‑1 lot; development is a 5‑story residential building totaling approx. 26,071 SF rentable and 35,781 SF GFA.
    • Unit mix: 55 one‑bedrooms, 4 two‑bedrooms, and 2 three‑bedrooms.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Travel Agency Computer & Electronic Repair Nursing Home Skin Care Clinic (Bike/Boat/Book/etc) Store Tech Support Center Barber Shop Restaurant Nursing Home

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Apartment building - Entitled double-lot site for a 61-unit affordable housing building with 100% privately funded approval status.
    Where is this apartment building located?
    The property is located at 3556 Chesapeake Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $2,795,000.
    What are key features of this property?
    This property features: Entitled 61‑unit, 100% affordable housing project on double lot at 3556 & 3562 Chesapeake Ave.; Site size: 12,814 SF R3‑1 lot; development is a 5‑story residential building totaling approx. 26,071 SF rentable and 35,781 SF GFA.; Unit mix: 55 one‑bedrooms, 4 two‑bedrooms, and 2 three‑bedrooms.
    Contact an agent
    (424) 600-7633
    We can help!
    Contact an agent
    Dario Svidler
    Real Estate License ID: 01884474
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