3566 Chesapeake Avenue, Los Angeles, CA 90016
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
3566 Chesapeake Avenue,Los Angeles, CA 90016
$899,000
- 7 Beds
- - Baths
- 2,087 sq. ft.
- Multi-family
- Active
Listed by: pila jessie
Office: khorr realty
MLS#:CL26859823
Source:Bay East, CCAR, bridgeMLS
Price summary
- Price:$899,000
- Price per sq. ft.:$430.76
About this home
Exceptional development opportunity in the heart of one of Los Angeles' most rapidly evolving neighborhoods. Situated on an LAR3 lot in a Transit Oriented Communities (TOC) Tier 3 designation, this income-producing property features a 4-bedroom, 2-bath unit, a 2-bedroom unit, plus an additional bonus unit next to the garage offering potential rental income. Substantial upside for investors, developers, and long-term hold buyers. All tenants are currently month-to-month, and the property will be sold with tenants in place.Located on a quiet, desirable street in the thriving Jefferson Park/Exposition corridor, the property is surrounded by significant new development and enjoys convenient access to the Metro, the 10 Freeway, West Adams,Culver City, Downtown Los Angeles, USC, and Santa Monica. Nearby amenities include Rancho Cienega Sports Complex, popular restaurants and cafes, the Metro, and an array of neighborhood conveniences that continue to attract residents and investors alike. The area boasts bike ability, and public transit access, making it particularly appealing for future development opportunities.Whether you're seeking to capitalize on the existing cash flow or maximize the site's redevelopment potential under TOC incentives, opportunities like this are becoming increasingly rare. Bonus unit is not rented and has no permits. Broker and agents do not represent or guarantee the accuracy of the square footage, income, expenses, condition, development potential, bedroom/ bathroom count, lot size or lot lines, dimensions, permitted or non-permitted spaces, or school eligibility. Buyer is advised to independently verify the accuracy of all information with appropriate professionals. There are no warranties or guarantees, buyer to rely solely on his/her/their own findings....
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Home facts
- Year built:1944
- Listing ID #:CL26859823
- Added:8 day(s) ago
- Updated:July 27, 2026 at 01:37 AM
Rooms and interior
- Bedrooms:7
- Living area:2,087 sq. ft.
Heating and cooling
- Heating:Wall Furnace
Structure and exterior
- Year built:1944
- Building area:2,087 sq. ft.
- Lot area:0.15 Acres
Finances and disclosures
- Price:$899,000
- Price per sq. ft.:$430.76
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