REDEVELOPMENT OPPORTUNITY | Multifamily 3569 Chesapeake Avenue, Los Angeles, CA 90016 RYAN O’CONNOR Lee & Associates - LA North/Ventura 818.444.4965 |
[email protected] BRE Lic # 01931694 CORP ID #01191898 3569 CHESAPEAKE3569 AVENUE TABLE OF CONTENTS PROPERTY DESCRIPTION ..................................................................................3-10 LOCATION OVERVIEW ...................................................................................... 11-17 BROKER RESUME .............................................................................................18-19 2 Redevelopment Opportunity | MULTIFAMILY 3569 Chesapeake Avenue, Los Angeles, CA 90016 CHESAPEAKE3569 AVENUE PROPERTY DESCRIPTION 3 3569 CHESAPEAKE3569 AVENUE PROPERTY DESCRIPTION Portfolio Overview Key Investment Features Address: 3569 Chesapeake Avenue • Rare Tier 3 TOC Development Opportunity: 70% Density Los Angeles, CA 90016 Bonus Plus Other Development Incentives Price: $1,180,000 • Up and Coming West Adams Location: Adjacent to the Booming Tech Hub of Culver City APN: 5046-014-011 • Ease of Transportation: Nearby 405, 10, and 110 Freeways Units: 3 Unit Mix: 2(2+1, 1(1+1) • 3 minute Walk to Farmdale Metro Station along the Expo Line: 2 Stops from Downtown Culver City, and just 7 stops Year Built: 1944 from Santa Monica and Downtown Los Angeles Building Size: 2,212 SF • Adjacent Properties will also entertain selling and/or JV opportunity. (Contact agent for more details) Lot Size: 7,165 SF Zoning: R3-1 TOC Program: Tier 3-eligible for up to 70% density bonus (Contact agent for more details regarding TOC Program) Rent Roll UNIT TYPE RATE 1 2+1 $2,125 2 2+1 $1,600 3 1+1 $1,000 4 Redevelopment Opportunity | MULTIFAMILY 3569 Chesapeake Avenue, Los Angeles, CA 90016 PROPERTY DESCRIPTION Overview PROPERTY DESCRIPTION 3569 Chesapeake Avenue is a Tier 3 TOC development opportunity to build a brand new multifamily property of up to 16-units located in the West Adams neighborhood of Los Angeles, California.