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$ 13,000,000
Est. payment | /mo
28,473 SqFt
$ 13,000,000
Est. payment | /mo
28,473 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 28,473 sqft
Price per Sqft $456
MLS Listing ID CL26829517
HOA Y/N No
Year Built 2023
Lot Size 0.294 Acres
Acres 0.2941
Property Sub-Type Other
Property 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!
Location
State CA
County Los Angeles
Zoning R3
Interior
Heating Other
Cooling Central Air
Fireplace No
Appliance Dryer
Laundry Dryer, Washer
Building
New Construction No
Others
Tax ID 5046015034
Virtual Tour https://drive.google.com/file/d/1DvfWJjzQXg-OHDwr_z5te9oTXrxTJTnZ/view
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Listed by Dario Svidler • Keller Williams Beverly Hills
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