3500 Chesapeake Avenue

Los Angeles, CA 90016

$10,795,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $527 / sqft

2021

calendar_month Built

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.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Interior Information
Cooling Type Central Air

Listing Information

Address 3500 Chesapeake Avenue
City Los Angeles
State CA
Zip 90016
County Los Angeles
Listing Agent Tim Robertson DRE#01413500
Courtesy Of Compass
MLS NP23104842
List Price $10,795,000
Status Active
Type Commercial
Subtype Multi Family
Structure Size N/A
Lot Size N/A
Year Built 2021
DOM 230

Exterior Information

Maps

Listing information courtesy of: Tim Robertson, Compass . *Based on information from the Association of REALTORS/Multiple Listing as of Feb 1st, 2024 at 12:19 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.