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$ 9,495,000
Est. payment | /mo
23,358 SqFt
$ 9,495,000
Est. payment | /mo
23,358 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 23,358 sqft
Price per Sqft $406
MLS Listing ID CL25554359
HOA Y/N No
Year Built 2021
Lot Size 0.294 Acres
Acres 0.29
Property Sub-Type Other
Property Description
We are proud to present for sale a 2021 New Construction, 27-unit luxury apartment complex located in the West Adams submarket of Los Angeles. The property is ideally situated at 3524 Chesapeake Ave. (a quiet, residential street) and 3 doors down from Exposition Blvd., with the Metro (E) Expo Line Station just one block away. Built with modern systems and expectations, this building has pristine comfortable apartments, an incredible unit mix and views over neighboring properties from many 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 with easy access to the 10 freeway and the Metro (E) Expo Line ensures a constant demand to lease up vacancies, 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. This central-courtyard building has a gated garage with 16 side-by-side parking spaces (with separate income), a gym, fire sprinklers, and an
Location
State CA
County Los Angeles
Zoning R3
Interior
Fireplace No
Appliance Dryer
Laundry Dryer, Washer
Building
New Construction No
Others
Tax ID 5046015033
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Listed by Dario Svidler • Keller Williams Beverly Hills
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "