$14,500,000

Estimated payment $94,735/month

Total Views 3,563
5 Beds
7 Baths
23,032 Sq Ft
$630 Price per Sq Ft

Highlights

  • Golf Course Community
  • Park
  • Paved or Partially Paved Lot
  • Hiking Trails
  • Laundry Room

About This Home

The Peake at 3518 Chesapeake Avenue is a 32 unit apartment building that was recently completed in 2023. The property is 4 stories over a level of on-grade parking and located steps from the Expo Metro E Line Farmdale station, connecting the property to the Westside and Downtown Los Angeles. The diverse unit mix consists of 9 studios with one bathroom, 8 one bedrooms with one bathroom and 12 two bedrooms with two bathroom plus 3 units that are affordable two bedrooms with two bathrooms.

Listing Agent

Brent Sprenkle

NorthMarq Realty Services, Inc Brokerage Phone: 310-621-8221 License #01290116 Listed on: 04/24/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2023

Lot Details

  • 0.29 Acre Lot
  • Two or More Common Walls
  • Paved or Partially Paved Lot

Parking

  • 19 Car Garage

Home Design

  • Apartment

Interior Spaces

  • 23,032 Sq Ft Home
  • 4-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 7 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Urban Location
  • Suburban Location

Utilities

  • Water Not Available
  • Sewer Not Available

Listing and Financial Details

  • Tax Lot 83
  • Tax Tract Number 12211
  • Assessor Parcel Number 5046015034

Community Details

Overview

  • 32 Units

Recreation

  • Golf Course Community
  • Park
  • Dog Park
  • Hiking Trails
  • Bike Trail

Building Details

  • 32 Separate Electric Meters
  • 32 Separate Gas Meters
  • 32 Separate Water Meters
  • Operating Expense $356,944
  • Gross Income $1,079,943
  • Net Operating Income $722,999

Property Details

Home Type

Multi-Family

Year Built

Built in 2023

Lot Details

0

Parking

19

Listing Details

  • CapRate: 5.00
  • Price Per Unit: 453125
  • Property Attached: Yes
  • Zoning: LAR3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5046015034
  • Year Built: 2023
  • Special Features: NewHome

Interior Features

  • Stories: 4
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 629.56

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 19.00
  • Total Parking Spaces: 19.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: None
  • Water Source: None

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Curbs, Dog Park, Golf, Hiking, Gutters, Park, Sidewalks, Storm Drains, Street Lights, Suburban, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Paved
  • Lot Size Sq Ft: 12632.00
  • Lot Size Acres: 0.2900

Multi Family

  • Gross Income: 1079943.00
  • Gross Scheduled Income: 1079943.00
  • Lot Size Area: 12632.0000 Square Feet
  • Net Operating Income: 722999.00
  • Number Of Separate Electric Meters: 32
  • Number Of Separate Gas Meters: 32
  • Number Of Separate Water Meters: 32
  • Number Of Units Total: 32
  • Operating Expense: 356944.00
  • Rent Control: No
  • Total Expenses: 356944.00

Tax Info

  • Tax Census Tract: 2195.00
  • Tax Lot: 83
  • Tax Tract Number: 12211

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2025 06/16/25 Price Changed $2,166 -11.6% $5 / Sq Ft
06/02/2025 06/02/25 Price Changed $2,450 +36.5% $5 / Sq Ft
05/30/2025 05/30/25 Price Changed $1,795 -14.3% $4 / Sq Ft
05/11/2025 05/11/25 Price Changed $2,095 +5.0% $4 / Sq Ft
05/01/2025 05/01/25 Price Changed $1,995 0.0% $4 / Sq Ft
04/24/2025 04/24/25 For Sale $14,500,000 0.0% $630 / Sq Ft
04/23/2025 04/23/25 Price Changed $2,066 0.0% $4 / Sq Ft
04/23/2025 04/23/25 For Rent $2,066 -4.6% --
04/04/2025 04/04/25 Off Market $2,166 -- --
03/23/2025 03/23/25 Price Changed $2,166 +4.8% $5 / Sq Ft
02/19/2025 02/19/25 Price Changed $2,066 -1.2% $4 / Sq Ft
02/01/2025 02/01/25 Price Changed $2,091 +1.2% $4 / Sq Ft
10/04/2024 10/04/24 Price Changed $2,066 -28.0% $4 / Sq Ft
09/20/2024 09/20/24 Price Changed $2,868 -11.4% $6 / Sq Ft
07/31/2024 07/31/24 Price Changed $3,237 -0.4% $7 / Sq Ft
07/08/2024 07/08/24 Price Changed $3,250 +0.4% $7 / Sq Ft
06/22/2024 06/22/24 Price Changed $3,237 +49.4% $7 / Sq Ft
06/02/2024 06/02/24 Price Changed $2,166 -32.6% $5 / Sq Ft
04/06/2024 04/06/24 Price Changed $3,212 +10.9% $7 / Sq Ft
04/02/2024 04/02/24 Price Changed $2,895 -9.9% $6 / Sq Ft
03/22/2024 03/22/24 Price Changed $3,212 +48.3% $7 / Sq Ft
03/14/2024 03/14/24 For Rent $2,166 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25089851

California Regional Multiple Listing Service (CRMLS)