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3518 Chesapeake Ave Los Angeles, CA, 90016
$15,500,000 Commercial for sale Other
The Peake is a recently constructed 32-unit modern luxury apartment community in the West Adams neighborhood of Los Angeles. The Peake is situated in a thriving focal point of Los Angeles for high-end living, retail, dining and entertainment with many transportation options and ease of access to many of Los Angeles’ popular destinations. High Quality Asset: The Peake offers investors a newly built, modern luxury, eco-friendly property that's extremely well-located. It also features an excellent mix of units and amenities. Prime Location: The Property is located in a coveted pocket of Los Angeles with superb transportation access. It lies just steps away from the Farmdale metro station, with many choice shops and restaurants nearby. It's prime location offers easy access to Hollywood, Downtown, and the beach. Luxury Complex: This 32-unit apartment community, developed in 2023, offers a host of luxury amenities, from eco-friendly living to iconic views, electric car charging stations, a courtyard with a BBQ and a fitness center. RUBS has been implemented for water, sewer, trash and gas (for hot water). Newly Constructed Units: Featuring studios, one, and two-bedroom apartment floor plans, all units include all electric appliances, in-unit laundry, gourmet contemporary kitchens, c
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Property details
23,002 sqft interior area
Land area
12,824 sqft (0.29 acres)
Days on Verhouse
33
Address
3518 Chesapeake Ave, Los Angeles, CA, 90016
City of California
Los Angeles
County
Los Angeles
Year Built
2023
District
Listing
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
—
Garage & Parking
Assigned
Appliances
Dryer
Listed by
Warren Berzack, Lee & Associates
Name
Warren Berzack
License number
01329015
Brokerage company
Lee & Associates
MLS #
CRSR24061953
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Calculate your monthly payments
Mortgage
$47,589
Taxes
$0
HOA dues
$0
Mortgage
$3,100,000 / 20%
2.28%
30 years
Your amount
$47,589 / month
Lot details
TMK #5046015027
Lot Description
Level, Other
Parcel nr.
5046015027
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
42%
Families with children
National average: 39%
44%
Non family households
716,306
Population
$82,277
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
$1.3m
Neighborhood average
sales price*
sales price*
$1.15m
Neighborhood median
sales price*
sales price*
609
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
New Listing Mar 28, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Mar 28, 2024 | New Listing | $15,500,000 | 0 | MLS #CRSR24061953 |
Taxes of 3518 Chesapeake Ave, Los Angeles, CA, 90016
LAR3 zoning / MLS #CRSR24061953
Zoning
LAR3
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Frequently Asked Questions about 3518 Chesapeake Ave
What is 3518 Chesapeake Ave?
3518 Chesapeake Ave is a Commercial/Industrial propertywith 23,002 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
3518 Chesapeake Ave, Los Angeles, CA, 90016.
What comparable properties are nearby?
Comparable nearby commercial properties include 3500 Chesapeake Ave, 5112 W Jefferson Blvd, 9432 Venice Blvd, 1920 S Robertson Blvd, 5026 Rosewood Ave, 5100 S Broadway.
Based on information from the bridgeMLS as of 04-29-2024. 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: Mar 29, 2024
Verhouse Last checked 5 minutes ago
The closest grocery stores are Albertsons, 0.82 miles away and Right Choice Caribbean Market, 1.24 miles away.
The 90016 zip area has a population of 716,306, and 42% of the families have children. The median age is 37.1 years and 78% commute by car. The most popular housing type is "single detached" and 67% is renter.
