3524 Chesapeake Ave Los Angeles, CA 90016-3860
- Apartment buildings
- 23,358 SF
- 0.29 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 3524 Chesapeake Ave
- Year built
- 2020
- Construction
- WOOD
- Lot size
- 0.29 lot acres
- Property size
- 23,358 SF
- Zone code
- LAR3
- Property type
- Apartment buildings
- APN
- 5046-015-033
- APU
- 5046015033
Description
This 27-unit luxury apartment building in Los Angeles, CA, boasts a prime location near the Farmdale Expo Line station, offering easy access to downtown LA, Culver City, and Santa Monica. Built in 2021, the 23,056 square foot property sits on a 12,808 square foot lot (APN: 5046-015-033) and features a mix of one- and two-bedroom units, many with city views. Each condo-style unit includes in-unit washer/dryer, wood-style flooring, quartz countertops, stainless steel appliances, and modern cabinetry. Building amenities include an inviting lobby, fitness center, elevator, large bike storage, controlled access, and gated parking for 16 vehicles. The property is priced below replacement cost at $488 per square foot and under $417,000 per unit, offering a 5.3% cap rate. The surrounding area shows strong demographics, with average household incomes exceeding $100,000 and average home values over $1.4 million within a three-mile radius. This presents a compelling investment opportunity in a thriving Los Angeles neighborhood.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $925,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.345
- Latitude
- 34.0229
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
