Active

3518 Chesapeake Avenue

Los Angeles, CA 90016
Mark as Favorite
Bed 38

Bed

Bath 0

Bath

SqFt28,473

Sqft

SqFt12,810

Sqft(Lot)

REDUCED! We are proud to present for sale The Peake, a 32 Unit Apartment Community in vibrant West Adams. The property is located at 3518 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 2023, the building features all the modern systems and conveniences your future tenants have come to expect, from spacious units with new appliances to manicured common areas and a comfortable gym, to the tremendous convenience of being just a hop and a skip to the Farmdale Metro Expo (E) Station, just one block away! Featuring controlled access, in-unit laundry, sleek designs, some apartments with balconies, bicycle parking and 19 vehicle parking spaces, the property backs up to 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 fifteen 2 bed + 2 bath, eight 1 bed + 1 bath and nine studio units, ranging from 475 to 966 SF. There are three 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 Brand New 36 Unit Apartment Building on the southern corner of the block is also available and may be purchased together with this property!

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Detail Ic Property Details

Property Type : Residential Income

Price : $12,750,000

AD Id : 85811722

MLS Id : 26829517

Beds : 38

Lot Size : 12,810 Sqft

Living Area Size : 28,473

Year Built : 2023

County : Los Angeles

  • Map Map

Map

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Feature Features

  • Bedroom Information

    Total Bedrooms: 38

    Bathroom Information

    Total Baths: 47 Full Baths: 0 Half Baths: 0
  • Interior Features

    Property Appliances: Dishwasher,Refrigerator,Dryer,Washer
  • Cooling Features

    Central Air Air Conditioning

    Heating Source

    Central Has Heating

  • Building Information

    Year Built: 2023 Building Area Total: 28,473
  • Security Features

    Gated Community

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.2941
  • Lot Size Source: Vendor Enhanced Lot Size Square Feet: 12810

  • Listing Price Information

    Original List Price: 12,750,000 Listing Contract Date: 2026-05-04
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 5046015034

  • Garage and Parking

    Garage Description: Covered,Gated Attached Garage: Yes

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: PHHT - Park Hills Heights Directions: North of Obama Blvd., South of Exposition Blvd., East of La Brea Ave., West of Crenshaw Blvd. Zoning: R3 Source Property Type: Residential Income Area: PHHT - Park Hills Heights
  • Building and Construction

    Property Age: 3 Year Built Source: Assessor Total Square Feet Living: 28473 Levels or Stories: Three Or More
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
4400 W Washington Boule.., Los Angeles, CA, 90016 $1,899,000 16 -- 5,624 5,624 SqFt
3809 W 30th Street, Los Angeles, CA, 90016 $1,180,000 6 -- 5,213 5,213 SqFt
2847 S Victoria, Los Angeles, CA, 90016 $2,995,000 -- -- 5,947 5,947 SqFt
1934 Vineyard Avenue, Los Angeles, CA, 90016 $1,379,000 3 2 2,042 2,042 SqFt
2919 Somerset Drive, Los Angeles, CA, 90016 $999,000 3 2 1,049 1,049 SqFt
2636 Virginia Road, Los Angeles, CA, 90016 $3,250,000 16 -- 6,936 6,936 SqFt
2045 Claudina Avenue, Los Angeles, CA, 90016 $849,000 4 1 1,588 1,588 SqFt
2337 Vineyard Avenue, Los Angeles, CA, 90016 $1,435,000 3 -- 3,746 3,746 SqFt
3045 Wellington Road, Los Angeles, CA, 90016 $2,299,000 12 -- 5,247 5,247 SqFt
2331 Lucerne Avenue, Los Angeles, CA, 90016 $1,625,000 5 -- 4,672 4,672 SqFt

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ByOwner last updated this listing 07/07/2026 @ 03:24

MLS: 26829517 LISTED BY: Dario Svidler, Keller Williams Beverly Hills 310-432-6400 SOURCE: CRMLS

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