$ 10,795,000
3500 Chesapeake AVE Los Angeles, CA 90016
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$ 10,795,000
Est. payment | /mo
0.32 Acres Lot
$ 10,795,000
Est. payment | /mo
0.32 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID NP23104842
HOA Y/N No
Year Built 2021
Lot Size 0.315 Acres
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.
Location
State CA
County Los Angeles
Area Phht - Park Hills Heights
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry Laundry Closet
Building
Lot Description Corner Lot
Story 5
Water Public
Others
Tax ID 5046015032
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
Listed by Tim Robertson • Compass • 949-322-7779
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Karen Dye
Broker-Associate | Lic# 01329918