Active

3500 Chesapeake Avenue

Los Angeles CA, 90016

$10,795,000


$527.90 per sqft

Active

20,449 sqft

Commercial

Built in 2021

Listed by Tim Robertson with Compass 949-322-7779

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.

NP23104842

MLS ID

June 17, 2023

Listed

November 22, 2024

Updated

Map

3500 Chesapeake Avenue
Los Angeles CA, 90016

Interior Features

Total Stories

5


Laundry Description

Laundry Closet


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.32 Acres


Lot Features

Corner Lot

Other Property Details

Area Name

PHHT - Park Hills Heights


Days on Market

439


Garage

No


View

No


County

Los Angeles


Water Source

Public


Pool

No

Listing History

Date

Event

Price

1/31/2024

Price change

$10,795,000

-2%

Listing Contact: 949-438-4340 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 11/22/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 11/22/2024 at 6:49 PM UTC

 

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