3566 Chesapeake Ave , Los Angeles, CA 90016
$865,000
Est. Payment: $4,619.71/mo
6 Bed
3 Bath
2087 Sqft
Status: Active | Days on site: 55
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CLW-X80055 - CLW-X54266
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House Description

PRIME LOCATION! Walking distance to the Metro. 4-bedroom/ 2-bath unit, a 2-bedroom 1 bath unit, PLUS a vacant additional bonus unit next to the garage equipped with plumbing, offering additional potential rental income. 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. 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.

Highlights

Listed by Pila Jessie , 424-512-2883 KHORR Realty , 424-512-2883. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.15

Year Built

1944

County

Los Angeles

Area

PHHT - Park Hills Heights

Listing ID

26859823

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:6
  • Bathrooms:3
  • Full Bathrooms:0

Exterior Features

Lot:No Land Lease
Garage Capacity:8
Zoning:LAR3
Others:
  • Additional:2+ Total Units
Parking Features:Driveway,Garage
Principal Interest
$4,620
Taxes
$551

Home Price

$865,000

Loan Details

30 yrs
7.034%

Down Payment

20%
$173,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$4,619.71

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,619.71 $551.44 $0.00 $5,171.14
Yearly $55,436.47 $6,617.25 $0.00 $62,053.72
Total $1,663,093.95 $198,517.50 $0.00 $1,861,611.45

Today's Rates

30 Year

7.03%

20 Year

7.02%

15 Year

6.38%

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Market insight data is pulled from the same city as the listing being viewed (Los Angeles, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-09-23T03:02:51.000Z

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