3500 Chesapeake Avenue, Los Angeles CA, 90016
(Active)
$10,795,000
|
20,449 sqft
|
MLS# NP23104842
Last Updated: 5/9/2024 6:35 AM
Description for
3500 Chesapeake Avenue
Los Angeles, CA 90016
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.
Price
$10,795,000
Los Angeles
20,449 (approx)
NP23104842
Active
Description
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.
Listing Information
| Property Type: Multi-Family, Business Opportunities, 3+ Story | ||
| 0.32 Acres | Estimated | 20,449 (approx) |
| 2021 | 5 | |
Public
1 Total
Neighborhood
Room Information
Laundry Closet
Interior Features
Central Air
Other,
Central
Exterior / Lot Features
0 Covered Parking Spaces,
Corner Lot
Driving Directions
East on Obama, left on Chesapeake.
Financial Considerations
| 5046015032 |
Cash,Cash to New Loan,1031 Exchange
Listing Price History
Los Angeles Real Estate
Los Angeles is located in California. Los Angeles, California 90016 has a population of 3,956,168.
The median household income in Los Angeles, California 90016 is $51,463. The median household income for the surrounding county is $73,262 compared to the national median of $66,222. The median age of people living in Los Angeles 90016 is 38 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
| Street Address | City | Beds | Baths | Sold Price | Sold Date | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| No information is available for recently sold properties within this search. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 1/31/2024 | Active | $10,795,000 USD -1.82% |
|
| 6/17/2023 | Active | $10,995,000 USD 1,121.67% |
|
| 2/1/2018 | Sold | $900,000 USD 85.57% | public records |
| 10/14/2015 | Sold | $485,000 USD | public records |
Tax History (Sourced from Public Records)
| year | Property Taxes | Change | Tax Assessment | Change |
|---|---|---|---|---|
| 2018 | $6,353 USD | 2.19% | $504,594 USD | - |
| 2017 | $6,217 USD | 2.44% | $504,594 USD | 4.04% |
| 2016 | $6,069 USD | 615.36% | $485,000 USD | 797.97% |
| 2015 | $848 USD | -1.28% | $54,011 USD | 2.00% |
| 2013 | $859 USD | - | $52,954 USD | - |