Income Home for Sale in Los Angeles, California

3524 Chesapeake Avenue, Los Angeles, California 90016, US

$ 11,250,000
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Prestige Estate Agency

+1 (424) 209-8844

info@prestigeestateagency.com

  • Price: $ 11,250,000
  • MLS ID: 24436897
  • Property Type: Income Home
  • WEB ID: PR02984408
  • Property Status: Active
  • Lot Size: 12,812sqft
  •  Income Home for Sale in Los Angeles, California
  •  Income Home for Sale in Los Angeles, California
  •  Income Home for Sale in Los Angeles, California
  •  Income Home for Sale in Los Angeles, California
  •  Income Home for Sale in Los Angeles, California
  •  Income Home for Sale in Los Angeles, California

Prestige Estate Agency

+1 (424) 209-8844

info@prestigeestateagency.com

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  • Price: $ 11,250,000
  • MLS ID: 24436897
  • Property Type: Income Home
  • WEB ID: PR02984408
  • Property Status: Active
  • Lot Size: 12,812sqft
*Built in 2021: 27 luxury units with in-unit washer and dryer *Priced below replacement cost at $488 PSF and under $417K per unit *5.3% cap rate and 5.7% cap rate at proven market rents *One-block away from the Metro Expo "E" Line Farmdale Station, providing tremendous access to DTLA, Culver City, and Santa Monica *Incredible micro-location with five brand-new buildings on the block *Strong demographics with average household income over $100K and average housing value over $1.4M (three-mile radius) *Rents shown are averages based on in place rent as of Nov. 1, full rent roll in OM; see Agent Remarks for property website.

Additional Features

  • Central
  • Three Or More
  • Parking spaces: 16.00
  • Listing Status: Active
  • Listing Agent: Adrienne Barr (lic# 01308753) of Beverly Hills/Greater LA
  • Listing Office: Berkadia (lic# 01931050)
  • Based on information from CRISNet MLS as of 24th November 2024 at 6:01pm. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Areas of expertise
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