3 months on rocket

3524 Chesapeake Ave, Los Angeles, CA, 90016

$11,250,000

36 Bedrooms
36 Baths
23,056 SqFt
$488/SqFt
House

Location

Image provided by Mapbox

Property Highlights

Home TypeOther
ParkingCovered, Gated, Community Structure, Side By Side
Year Built2021
HeatingCentral
CoolingCentral Air
MLS #24436897
Lot Size0.29 Acres
StatusActive

About 3524 Chesapeake Ave

*Built in 2021: 27 luxury units with in-unit washer and dryer *Priced below replacement cost at $488 PSF and under $417K per unit *5.3% cap rate and 5.7% cap rate at proven market rents *One-block away from the Metro Expo "E" Line Farmdale Station, providing tremendous access to DTLA, Culver City, and Santa Monica *Incredible micro-location with five brand-new buildings on the block *Strong demographics with average household income over $100K and average housing value over $1.4M (three-mile radius) *Rents shown are averages based on in place rent as of Nov. 1, full rent roll in OM; see Agent Remarks for property website.

Property Details

Property Features

Property Information:

  • Year Built: 2021
  • Stories: 4
  • Living Area: 23,056 SqFt

Listing Office:

  • Office Name: Berkadia
  • Office Phone: (310) 209-3200
  • Listing Agent: Adrienne Barr

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer

Bedroom and Bathroom Information:

  • Total Bedroom Count: 36

Exterior Features

Parking Information:

  • Parking: Covered, Gated, Community Structure, Side By Side

Lot Features

Lot Information:

  • Lot Size: 0.29 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: On Chesapeake Avenue just south of Exposition Boulevard. One block away from the Farmdale Expo Line station.

Price Information

Listing Price Info

Price Summary:

  • List Price: $11,250,000
  • Price Per SqFt: $488/SqFt
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1346

3524 Chesapeake Ave vs Los Angeles

104 DAYS ON ROCKET

+66 Days

$11,250,000

+$10.2M More

$488/SqFt

-$152 Less

KEY TAKEAWAY

This property is $10.2M more than the Median Sold Price and $152/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24436897

Listing Office:

  • Office Name: Berkadia
  • Office Phone: (310) 209-3200
  • Listing Agent: Adrienne Barr

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 11:21:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$56.2K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$33.7K

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1102210
4
/10
  • Coliseum Street Elementary School

  • 4400 Coliseum St

  • 0.35 miles

  • Public District Grades PK-5

school-card-donut-1102211
6
/10
  • Virginia Road Elementary

  • 2925 Virginia Rd

  • 0.45 miles

  • Public District Grades KG-5

school-card-donut-1102212
2
/10
  • Hillcrest Drive Elementary

  • 4041 Hillcrest Dr

  • 0.69 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $54,367. The majority of Los Angeles, CA residents have income between $35k-100k annually. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 3524 Chesapeake Ave

What is the listing price of this property?

The listing price of 3524 Chesapeake Ave property is $11,250,000.

What type of property is this?

The property 3524 Chesapeake Ave is a house located in Los Angeles, California, 90016.

Is this property for sale now?

Active Listing: 3524 Chesapeake Ave is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 3524 Chesapeake Ave has 36 bedrooms and 36 bathrooms.

What is the square footage of this property?

The property 3524 Chesapeake Ave is 23,056 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 3524 Chesapeake Ave is 2021.
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Rocket HomesCaliforniaLos Angeles CountyLos Angeles900163524 Chesapeake Ave

This home is located at 3524 Chesapeake Ave in Los Angeles, CA and zip code 90016 in the South LA neighborhood. This 23,056 square foot home, which was built in 2021, sits on a 0.29 acre lot. Features: 36 bedrooms, 36 bathrooms. It has been listed on Rocket Homes since September 09, 2024 and is currently priced at $11,250,000.

In November 2024 more than 512 listings in Los Angeles, CA were sold above the asking price. During the same period more than 177 listings were sold at asking price, while more than 657 were sold below. In November 2024 in Los Angeles, CA there were 0.6% less homes for sale than in October 2024. In November 2024, listings were on the market for 38 days. During the same period, the median list price in this real estate market was $1,021,532.

From Rocket Homes Real Estate and based on county public records data.

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