Homes for sale - 3500 Chesapeake AVE, Los Angeles, CA 90016

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Candice Blair

candice@candiceblairgroup.com +1(949) 466-0620

$ 10,795,000

Est. payment -/mo

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3500 Chesapeake AVE Los Angeles, CA 90016

20,449 SqFt

UPDATED:

08/29/2024 01:37 PM

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 20,449 sqft

Price per Sqft $527

MLS Listing ID NP23104842

HOA Y/N No

Year Built 2021

Lot Size 0.315 Acres

Acres 0.3151

Property Description

Metropointe North is a 22 unit apartment building built in 2021, with professional management provided by Power Property Management, and occupancy is stable. The units are pristine and the location is excellent, adjacent to the Farmdale light rail metro station. Unit mix includes: 8 one bedroom and one bath, 4 two bedroom and one bath, 9 two bedroom and two bath, and 1 three bedroom and two bath. 3 units are deemed affordable housing. The neighborhood has undergone a major economic boom and the economic outlook is bright considering the ongoing $1 billion redevelopment of nearby 43 acre Crenshaw Plaza over the next seven years. The long term demand for local housing for this area seems robust. The building features a central courtyard and an oversized yard with pavers on the south side of the building. Tenants have access to a bike closet and an elevator for added convenience. All units are equipped with stainless steel appliances, a washer and dryer, central air conditioning and heat.

Location

State CA

County Los Angeles

Area Phht - Park Hills Heights

Interior

Heating Central

Cooling Central Air

Laundry In Closet

Building

Lot Description Corner Lot

Story 5

Water Public

Others

Acceptable Financing Conventional

Listing Terms Conventional

Financing Conventional

Special Listing Condition Standard

Confidential INFO

TERMS 1031 Exchange,Cash,Cash To New Loan

LIST AGRMT Exclusive Right To Sell

LIST SERVICE Full Service

SHOW CONTACT TYPE Agent

SHOW CONTACT NAME Tim Robertson

SHOW CONTACT PH 9493227779

SHOW INSTRUCTIONS Contact Tim Robertson at 949-322-7779 or tim.robertson@compass.com to make arrangements. There is an onsite property manager that can provide access.

Listed by Compass

Candice Blair

Broker Associate | License ID: 01395953 ‌

+1(949) 466-0620

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