3567 Chesapeake Ave - Apartments FOR SALE


Los Angeles, CA 90016- Crenshaw
$15,390,000 USD
424-600-7633
3567 Chesapeake Ave, Los Angeles, CA for Sale
$15,390,000 USD
Apartments - FOR SALE
1/17
null | 5.18% Cap Rate

3567 Chesapeake Ave
Los Angeles, CA 90016
Crenshaw


HIGHLIGHTS

  • 2025 Certificate of Occupancy
  • TV, Internet, Parking, EV Charging & Storage Income - RUBS - Ratio Utility Billing Systems
  • Balconies and Common Area Open Spaces - Rooftop Communal Lounge Area w/ Grill and Panoramic Views
  • In-Unit Washer/Dryer, Controlled Access - Unobstructed Views from Many Units
  • Car and Bicycle Parking
  • E Line Metro Station Just Over One Block Away - Convenient Access to USC, Culver City, DTLA, Santa Monica

OVERVIEW

PartnersCRE is proud to present for sale Cloud Nine, a 36 Unit Apartment Community in vibrant West Adams. The property is located on a double corner lot at 3567 Chesapeake Ave. (a quiet, residential tree-lined street), in a neighborhood quickly undergoing a transformation, full of new construction! With a Certificate of Occupancy from late 2025, the building features all the modern systems and conveniences your future tenants have come to expect, from spacious units with brand new appliances to manicured common areas including a spacious roof that includes lounging areas, dining tables, a grill and unobstructed views of the city, to the tremendous convenience of being just a hop and a skip to the Farmdale Metro Expo (E) Station, just over one block away! Featuring controlled access, in-unit laundry, sleek designs, some apartments with balconies, generous bicycle parking and 15 vehicle parking spaces, the property in on the edge of a vast single family-zoned area, with low-rise homes, unobstructed views and easier street parking. The property offers additional income, such as parking and storage fees charged independently of rents, along with EV Charging, TV and Internet service, which is billed directly to tenants along with RUBS. The property boasts eight 2 bed + 2 bath, twenty-four 1 bed + 1 bath and four studio units, ranging from 542 to 1,007 SF. There are four restricted units reserved for affordable housing. The area has undergone a major economic renaissance during the past decade, with development as the driving force. The new apartment and mixed-use developments in the immediate area have provided an overwhelming increase in the demand for high end rental units and retail. The building is a stone’s throw to the Rancho Cienega Recreation Center and Dorsey Senior High School. Take the Metro to USC or Culver City, continue on to Downtown LA or Santa Monica! The area features tons of new restaurants, cafes, markets and much more! It is hard to keep track of what has opened and what is in the planning to open in the near future! A recent-construction 32 Unit Apartment Building just north, on the same block, is also available and may be purchased together with this property!

FOR SALE DETAILS

PRICE

$15,390,000 USD

PRICE/SF

$290 USD /SF

# OF UNITS

38

PRICE/UNIT

$405,000

CAP RATE

5.18%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

36 Units in West Adams • $427k/Door & $474/SF

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

2025

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

R3

APN/PARCEL ID

5046-014-022

ASK ABOUT THIS PROPERTY

Dario SvidlerPartners CRE - KWBHMore Info
424-600-7633

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Dario SvidlerPartners CRE - KWBHMore Info
424-600-7633

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.