3539 Chesapeake Avenue

    Los Angeles (City), CA 90016
    • $1,050,000
    • STATUS: Active
    • ON SITE: 103 days
    • ID#: 18378962
    UPDATED: 45 min ago
    $1,050,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,212
      SQFT
    • $475
      $/SQFT
    Type:
    Multi-Family
    Built:
    1944
    County:

    School Ratings & Info

    Description

    3539 Chesapeake Avenue is a Tier 3 TOC Development opportunity to build a brand new multifamily property of up to 7 -units or more (Please verify with LA City Building and Safety). Great investor dream!! It is currently a 3-unit property, 6,259 SF, LAR3-1 Lot in the prestigious Adams neighborhood of Los Angeles tucked-in at the corner of Chesapeake and Rodeo. It is well maintained and conveniently located near the Metro Rail "Farmdale Station" which offers easy commutes, close to freeways, shopping centers, movie theatres etc. Drive-by only. Property sold as-is. Bring in your well packaged offers with proof of funds, Approval Letter, 1st Page of Credit Report and offers in CAR Forms. No Blank offers please.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-13T15:32:31.123. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.impactca.com/homes/87108727

    3539 Chesapeake Avenue Los Angeles (City), CA 90016

    • Price: $1,050,000
    • Status: Active
    • Updated: 45 min ago
    • ID#: 18378962
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    2,212
    SQFT
    $475
    $/SQFT
    1944
    Built
    Neighborhood:
    PHHT - Park Hills Heights
    County:
    Los Angeles
    Area:
    PHHT - Park Hills Heights
    Property Description
    3539 Chesapeake Avenue is a Tier 3 TOC Development opportunity to build a brand new multifamily property of up to 7 -units or more (Please verify with LA City Building and Safety). Great investor dream!! It is currently a 3-unit property, 6,259 SF, LAR3-1 Lot in the prestigious Adams neighborhood of Los Angeles tucked-in at the corner of Chesapeake and Rodeo. It is well maintained and conveniently located near the Metro Rail "Farmdale Station" which offers easy commutes, close to freeways, shopping centers, movie theatres etc. Drive-by only. Property sold as-is. Bring in your well packaged offers with proof of funds, Approval Letter, 1st Page of Credit Report and offers in CAR Forms. No Blank offers please.
    Exterior Features

    Lot Size Units Square Feet Parking Features CarportCovered Parking Parking YN Yes Pool Features None Pool Private YN No

    Interior Features

    Appliances Garbage Disposal Appliances YN Yes Cooling None Cooling YN No Flooring CarpetTile Laundry Features Washer IncludedSee Remarks

    Property Features

    Cap Rate 0.05 Gross Multiplier 26.62 Gross Operating Income 54720.00 Improvements Amount 177489 Land Value 190477 Laundry YN Yes Maintenance Expense 100.00 Net Operating Income 52710.00 Special Listing Conditions Standard Total Expenses 2160.00 Zoning Lar3

    Listing provided courtesy of Ike Obasi of First Vision Real Estate And F.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-13T15:32:31.123. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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