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3500 Chesapeake Ave Los Angeles, CA, 90016
$10,795,000 $200,000 Commercial for sale Comm Ind For Sale
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.
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Property details
20,449 sqft interior area
Land area
13,727 sqft (0.32 acres)
Days on Verhouse
333
Address
3500 Chesapeake Ave, Los Angeles, CA, 90016
City of California
Los Angeles
County
Los Angeles
Previous price
$10,995,000
Year Built
2021
District
Listing
Virtual Tour
Nearby major retailers
Trader Joe's
Whole Foods Market
T-Mobile
Gucci
Tom Ford
Albertsons
Supermarket: 12
Mobile phone: 7
Clothes: 2
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Interior Features
—
Other rooms
Elevator
Listed by
Tim Robertson, Compass
Name
Tim Robertson
License number
01413500
Brokerage company
Compass
MLS #
CRNP23104842
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Calculate your monthly payments
Mortgage
$33,144
Taxes
$0
HOA dues
$0
Mortgage
$2,159,000 / 20%
2.28%
30 years
Your amount
$33,144 / month
Lot details
TMK #5046015032
Parcel nr.
5046015032
90016 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 90016
41%
Families with children
National average: 39%
44%
Non family households
689,173
Population
$83,209
Average Income
Age & gender
Median age 37 years
More info
Commute types
78% commute by car
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Education level
21% have bachelor education
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Number of employees
1% work in retail trade
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Vehicles available
42% have 1 vehicle
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Vehicles by gender
42% have 1 vehicle
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Housing market insights for
$1.33m
Neighborhood average
sales price*
sales price*
$1.15m
Neighborhood median
sales price*
sales price*
611
Number
of sales*
of sales*
Housing type
30% are single detacheds
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Rooms
38% of the houses have 4 or 5 rooms
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Bedrooms
55% have 2 or 3 bedrooms
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Owners vs Renters
67% are renters
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11.5 / 20
Above Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Price Decrease Jan 31, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Jan 31, 2024 | Price Decrease | $10,795,000 -1.82% | 0 | MLS #CRNP23104842 |
| Jun 17, 2023 | New Listing | $10,995,000 | 0 | MLS #CRNP23104842 |
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Frequently Asked Questions about 3500 Chesapeake Ave
What is 3500 Chesapeake Ave?
3500 Chesapeake Ave is a Commercial/Industrial propertywith 20,449 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
3500 Chesapeake Ave, Los Angeles, CA, 90016.
What comparable properties are nearby?
Comparable nearby commercial properties include 3518 Chesapeake Ave, 5112 W Jefferson Blvd, 5665 W Jefferson Blvd, 2350 W Washington Blvd, 1975 S Corning St, 9190 Exposition Blvd.
Based on information from the bridgeMLS as of 05-15-2024. 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.
Listing last updated on: Feb 01, 2024
Verhouse Last checked 4 minutes ago
The closest grocery stores are Albertsons, 0.84 miles away and Right Choice Caribbean Market, 1.26 miles away.
The 90016 zip area has a population of 689,173, and 41% of the families have children. The median age is 37.14 years and 78% commute by car. The most popular housing type is "single detached" and 67% is renter.
