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$ 899,000
Est. payment /mo
New
3566 CHESAPEAKE AVE Los Angeles, CA 90016
7 Beds
4 Baths
2,087 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,087 sqft
Price per Sqft $430
MLS Listing ID 26859823
Bedrooms 7
HOA Y/N No
Year Built 1944
Lot Size 6,359 Sqft
Property Description
Exceptional development opportunity in the heart of one of Los Angeles' most rapidly evolving neighborhoods. Situated on an LAR3 lot in a Transit Oriented Communities (TOC) Tier 3 designation, this income-producing property features a 4-bedroom, 2-bath unit, a 2-bedroom unit, plus an additional bonus unit next to the garage offering potential rental income. Substantial upside for investors, developers, and long-term hold buyers. All tenants are currently month-to-month, and the property will be sold with tenants in place.Located on a quiet, desirable street in the thriving Jefferson Park/Exposition corridor, the property is surrounded by significant new development and enjoys convenient access to the Metro, the 10 Freeway, West Adams,Culver City, Downtown Los Angeles, USC, and Santa Monica. Nearby amenities include Rancho Cienega Sports Complex, popular restaurants and cafes, the Metro, and an array of neighborhood conveniences that continue to attract residents and investors alike. The area boasts bike ability, and public transit access, making it particularly appealing for future development opportunities.Whether you're seeking to capitalize on the existing cash flow or maximize the site's redevelopment potential under TOC incentives, opportunities like this are becoming increasingly rare. Bonus unit is not rented and has no permits. Broker and agents do not represent or guarantee the accuracy of the square footage, income, expenses, condition, development potential, bedroom/ bathroom count, lot size or lot lines, dimensions, permitted or non-permitted spaces, or school eligibility. Buyer is advised to independently verify the accuracy of all information with appropriate professionals. There are no warranties or guarantees, buyer to rely solely on his/her/their own findings.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LAR3
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Features Driveway, Garage
Total Parking Spaces 8
Building
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5046015016
Financing Cash
Special Listing Condition Standard
Listed by Pila Jessie KHORR Realty #01324968
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