3556 Chesapeake Avenue, Los Angeles, CA 90016
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
3556 Chesapeake Avenue,Los Angeles, CA 90016
$2,795,000
- 0.29 Acres
- Lots / Land
- Active
Listed by: dario svidler, jordan petito
Office: keller williams beverly hills
MLS#:CL26857949
Source:Bay East, CCAR, bridgeMLS
Price summary
- Price:$2,795,000
About this home
We are proud to present for sale an Entitled 61 Unit 100% Affordable Housing Project in the quickly evolving West Adams / Jefferson Park neighborhood, a sought-after submarket of Los Angeles. The property on offer is a double lot located at 3556 & 3562 Chesapeake Ave. (a quiet, residential tree-lined street), in a neighborhood quickly undergoing a transformation, full of new construction! Sitting on a 12,814 SF R3-1 lot, the site offers a well-positioned infill development opportunity with immediate access to the Metro E Line, the West Adams retail core, and the Exposition business corridor. The offered development is a 5-story Residential Building comprised of 61 units (55 one-bedrooms, 4 two-bedrooms and 2 three-bedrooms), totaling approximately 26,071 SF of Rentable Square Footage and 35,781 SF of Gross Floor Area. The project is Entitled as a 100% privately funded Affordable Housing Community under Executive Directive 1 (ED1), leveraging the incentives available through AB 1763, AB 2345, and AB 2334, including unlimited residential density and a zero on-site parking requirement given its proximity to a major transit stop. The property sits on the edge of a vast single family-zoned neighborhood where street parking is easier to come by. The property would be delivered with the 61 Unit Project fully Entitled. The Project has not been and will not be submitted to Plan Check by the Seller, allowing the incoming Developer to finalize construction documents to their own specifications. The Architect has stated that the Project is scalable to 79 units and 6 floors, without impacting the approval timeline. There is also the possibility of rehabbing the existing units on site (delivered vacant), in order to have cash flow while awaiting the right time to build. The property 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 the local developments, with so much happening, with what has opened and what is in the planning to open in the near future!...
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Home facts
- Listing ID #:CL26857949
- Added:77 day(s) ago
- Updated:September 25, 2026 at 02:40 PM
Structure and exterior
- Lot area:0.29 Acres
- Architectural Style:Unimproved Land
Finances and disclosures
- Price:$2,795,000
Bay East 2026. CCAR 2026 bridgeMLS 2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at September 25, 2026New listings near 3556 Chesapeake Avenue
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