3518 Chesapeake AVE, Los Angeles, CA 90016
3518 Chesapeake AVE, Los Angeles, CA 90016
3518 Chesapeake AVE, Los Angeles, CA 90016
3518 Chesapeake AVE, Los Angeles, CA 90016
3518 Chesapeake AVE, Los Angeles, CA 90016
3518 Chesapeake AVE, Los Angeles, CA 90016
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Ruby Raymond

Ruby Raymond

+1(805) 201-6341
$ 12,750,000
Est. payment | /mo

38 Beds

47 Baths

28,473 SqFt

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$ 12,750,000
Est. payment | /mo
Save Virtual Tour

38 Beds

47 Baths

28,473 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 28,473 sqft

Price per Sqft $447

MLS Listing ID 26829517

Bedrooms 38

HOA Y/N No

Year Built 2023

Lot Size 0.294 Acres

Property Description

REDUCED! We are proud to present for sale The Peake, a 32 Unit Apartment Community in vibrant West Adams. The property is located at 3518 Chesapeake Ave. (a quiet, residential tree-lined street), in a neighborhood quickly undergoing a transformation, full of new construction! With a Certificate of Occupancy from 2023, the building features all the modern systems and conveniences your future tenants have come to expect, from spacious units with new appliances to manicured common areas and a comfortable gym, to the tremendous convenience of being just a hop and a skip to the Farmdale Metro Expo (E) Station, just one block away! Featuring controlled access, in-unit laundry, sleek designs, some apartments with balconies, bicycle parking and 19 vehicle parking spaces, the property backs up to a vast single family-zoned area, with low-rise homes, unobstructed views and easier street parking. The property offers additional income, such as parking and storage fees charged independently of rents, along with EV Charging, TV and Internet service, which is billed directly to tenants along with RUBS. The property boasts fifteen 2 bed + 2 bath, eight 1 bed + 1 bath and nine studio units, ranging from 475 to 966 SF. There are three restricted units reserved for affordable housing. 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. The building is a stone's throw to the Rancho Cienega Recreation Center and Dorsey Senior High School. Take the Metro to USC or Culver City, continue on to Downtown LA or Santa Monica! The area features tons of new restaurants, cafes, markets and much more! It is hard to keep track of what has opened and what is in the planning to open in the near future! A Brand New 36 Unit Apartment Building on the southern corner of the block is also available and may be purchased together with this property!

Location

State CA

County Los Angeles

Area Phht - Park Hills Heights

Zoning R3

Interior

Heating Central

Cooling Central Air

Fireplace No

Appliance Dishwasher, Refrigerator, Dryer, Washer

Exterior

Parking Features Covered, Gated

Community Features Gated

Total Parking Spaces 19

Building

Story 4

Entry Level Three Or More

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 5046015034

Security Features Gated Community

Special Listing Condition Standard

Virtual Tour https://drive.google.com/file/d/1DvfWJjzQXg-OHDwr_z5te9oTXrxTJTnZ/view

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Dario Svidler Keller Williams Beverly Hills #01884474

NEARBY SCHOOL & BUSINESS

REVIEWS

Ximena Ames Nugent

Professional & Paid Attention to My Needs

I am very impressed with the professionalism of this team! They worked very hard with terrific attention to details and respect for my needs. I would highly recommend Ruby and Patrick as they are knowledgeable, and dedicated to their clients.

Jeff M

Purchase

Ruby and the Raymond Team were great. We're in our new home right now writing this. Ruby helped make this happen and if you are looking for a home in the 5 Cities area I suggest you give Ruby a call. Thanks Ruby, SM

RonSteinback

The broker that everyone hopes to hire!

Patrick listed and sold two properties for me this year, and I intend to use him on a third transaction. Patrick is responsive and knows the local area. I am a broker myself, but located in southern California. Patrick is the broker that everyone hopes to hire!

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How Does The Raymond Team Deliver Exceptional Real Estate Service?

Expert Guidance

We educate you on the market and guide you to the best best decision about your move.

Proven Systems

Over 23 years of real estate experience  has helped us perfect our results-driven buying and selling systems.

Results Driven

We listen, we communicate, and we track every step of the process to ensure a seamleass transaction.

Ruby Raymond
Ruby Raymond

Broker Associate | License ID: 01342959

+1(805) 201-6341 | homes@raymondteamre.com

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By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Ruby Raymond, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.