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3500 Chesapeake Avenue, Los Angeles, CA 90016
$10,795,000
3500 Chesapeake Avenue, Los Angeles, CA 90016View this property at 3500 Chesapeake Avenue, Los Angeles, CA 90016
3500 Chesapeake AvenueLos AngelesCA90016
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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.
Full Property Details
Full Property Details for 3500 Chesapeake Ave
General
- Price: $10,795,000
- Status: Active
- Type: Commercial Multi-Family
- MLS ID: NP23104842
- Updated: 3/22/2024
- Days on Market: 338 days
- Added to Site: 343 day(s) ago
Business
- Business Type: Rental
Interior
- Laundry Facilities: Yes
Rooms
Other Rooms
- Laundry: In Closet
Location
- County: Los Angeles
- Building Name: Metropointe North
- Driving Directions: East on Obama, left on Chesapeake.
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Structural Information
- # Buildings: 1
- Entry Floor Number: 1
- Stories/Levels: 5
- Building Size: 20449
- Square Feet: 20,449
- Year Built: 2021
- Year Built Source: Estimated
Unit Information
- Occupancy Rate: Occupied
Lot Features
- Lot Size (Acres): 0.3151
- Useable Acres: .3151
- Lot Size (Sq. Ft.): 13,727
- Lot Size Source: Estimated
- Lot Features: Corner Lot
- Lot Description: Corner Lot
Financial Considerations
- Price Per Sq. Ft.: $527
- Expenses: $203,650
Disclosures and Reports
- Buyer’s Brokerage Compensation: 1.5%
- Investment: Yes
- Property ID: 5046015032
Listed by Compass, TimRobertson
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Schools
Schools serving 3500 Chesapeake Ave
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
4400 Coliseum St, Los Angeles, CA 90016 | K-5 | 0.4 mi | |
4120 11th Ave, Los Angeles, CA 90008 | 6-8 | 1.3 mi | |
3537 Farmdale Ave, Los Angeles, CA 90016 | 9-12 | 0.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3500 Chesapeake Ave
Date
Details
Price
Change
Source
1/31/2024
Price Reduced
$10,795,000
-1.82%
MLS
6/12/2023
Listed
$10,995,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Estimate the Cost for 3500 Chesapeake Ave
3500 Chesapeake Avenue, Los Angeles, CA 90016 (MLS# NP23104842) is a Commercial Multi-Family property. 3500 Chesapeake Avenue is currently listed for $10,795,000 and was received on June 12, 2023. Want to learn more about 3500 Chesapeake Avenue? Do you have questions about finding other Commercial Multi-Family real estate for sale in Los Angeles? You can browse all Los Angeles real estate or contact a Coldwell Banker agent to request more information.