Active
3524 Chesapeake Ave Los Angeles, CA 90016
$12,500,000
36 beds
0 baths
23,056 sq ft

Courtesy of Compass 310-500-3900

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Laura Alice Scaturro

Laura Alice Scaturro

Founder

DRE# 01942167

Property Description

The subject property is a luxury, brand new construction, 27 unit apartment complex located in the West Adams submarket of Los Angeles. Ideally situated on Chesapeake Ave (a quiet, residential street) and 3 doors down from Exposition Blvd (the Expo Line station is one block away). This 2021 constructed building has pristine units, an incredible unit mix and views from most units. The property boasts Eighteen 1 bedroom, 1 bathroom units, and Nine 2 bedroom, 2 bathroom units (3 of which are deemed affordable). Amenities include common area benches and tables, and a gym. The densely populated location ensures expeditious lease up and the luxurious units allow for tenant comfort and investor stability. The area has undergone a major economic renaissance during the past decade with development as the driving force. The new apartment and mixed use developments in the immediate area have provided an overwhelming increase in the demand for high end rental units and retail. 11 units remain vacant. The central courtyard building also has an oversized side yard on the southern side of the building. Tenants have access to a bike closet for bike storage and there is a pristine, inviting entryway with the elevator. All units have washer and dryers and balconies as well as all the modern conveniences of living in a brand new building.

Property Details & Features

Year Built

  • 2021

Bathrooms

  • 36.00 total bathrooms

Bedrooms

  • 36 total bedrooms

House

  • 23,056 sq ft
  • Built in 2021

Garage

  • Gated

Listing

  • ListDate: 2021-10-26
  • PricePerSqFt: $542
  • 36 days on market

Location

  • County: Los Angeles
  • ListingArea: Park Hills Heights

Lot

  • LotAcreage: 0.294
  • LotSizeArea: 12,808
  • LotSizeDimensions: 106×121

Parking

  • TotalParking: 16

Property

  • NumberOfUnits: 27
  • Zoning: R3-1 Tier 3

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