3518 Chesapeake Avenue, Los Angeles, California image 1
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3518 Chesapeake Avenue

Los Angeles, CA 90016
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$12,595,000 $53,101/Mo
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Bed 38

Bed

Bath 47

Bath

SqFt28,473

Sqft

SqFt12,810

Sqft(Lot)

REDUCED! Fully Rented! 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 pr operty 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 : ResidentialIncome

Price : $12,595,000

AD Id : 85811722

MLS Id : 26829517

Beds : 38

Lot Size : 12,810 Sq. Ft

Living Area Size : 28,473 Sq. Ft

Year Built : 2023

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 38

    Bathroom Information

    Total Baths: 47

  • Interior Features

    Appliances: Dishwasher, Refrigerator, Dryer, Washer

  • Heating & Cooling

    Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir

  • Building Information

    Year Built: 2023
    Building Area Total: 28473
    Private Pool: No

  • Lot Information

    Main Square Feet: 12810 Lot Size Acres: 0.2941 Lot Size Square Feet: 12,810

  • Listing Price Information

    Listing Price: $12595000
    Original Price: $13000000

  • Tax Information

    Parcel Number: 5046015034

  • Virtual Tour

    Virtual Tour (External Link)

    Parking Information

    Parking Total: 19 Covered, Gated

    Garage Information

    Has Attached Garage: Yes

  • Location Information

    Direction: North of Obama Blvd., South of Exposition Blvd., East of La Brea Ave., West of Crenshaw Blvd. Security Features: GatedCommunity
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2129 Crenshaw Boulevard, Los Angeles, CA, 90016 $2,225,000 16 21 9,520 7,224 Sq. Ft
2241 Crenshaw Boulevard, Los Angeles, CA, 90016 $1,900,000 9 8 4,720 14,164 Sq. Ft
2208 Virginia Road, Los Angeles, CA, 90016 $1,095,000 4 1 1,923 7,910 Sq. Ft
2413 S Victoria, Los Angeles, CA, 90016 $998,900 3 2 1,385 7,348 Sq. Ft
4530 W Washington Boule.., Los Angeles, CA, 90016 $1,299,000 6 4 2,454 6,420 Sq. Ft
2919 Somerset Drive, Los Angeles, CA, 90016 $1,148,000 3 2 1,049 5,040 Sq. Ft
2050 Claudina Avenue, Los Angeles, CA, 90016 $775,000 2 2 862 2,307 Sq. Ft
2636 Virginia Road, Los Angeles, CA, 90016 $3,250,000 16 -- 6,936 6,550 Sq. Ft
4014 W 30th Street, Los Angeles, CA, 90016 $799,999 2 1 908 4,990 Sq. Ft
2045 Claudina Avenue, Los Angeles, CA, 90016 $790,000 4 2 1,588 2,795 Sq. Ft

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The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/18/2026 @ 09:07

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

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