3518 Chesapeake Ave, Los Angeles, CA

Name: 3518 Chesapeake Ave, For Sale in Los Angeles - eXp Realty
Brand: Keller Williams Beverly Hills
SKU: 26829517
Price: 13000000 USD

House

For Sale

Listed price in listed location currency (USD).

$13,000,000

384719

MLS® 26829517

Key Facts
Description
Map

Key Facts

Type

Levels Residential Income

Size 28473 sqft

Garage

Taxes

Days Active 0

Lot Size

Approx. Age 2023

Avg. Price Per Sqft $456

MLS® Number 26829517

Property Address: 3518 Chesapeake Ave, Los Angeles, CA, 90016-5700

Average square foot calculated using Size range provided by listing agent.

Description

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!

MLS® Number26829517

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age2023

Basement

DrivewayCovered, Gated

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

May 4, 2026List Date

$13,000,000List Price

Commute

Commute

Starting Address

Destination Address

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