Listing provided courtesy of Keller Williams Beverly Hills- MLS# 26830623MLS Provider

3567 Chesapeake AveLos Angeles, CA 90016

Multi-Family · 40 Beds · 32,476 Sq. ft. | 0.31 Acres
$14,995,000 Active

3567 Chesapeake Ave Overview

Time on Site:
53 days
Visits:
0

REDUCED! We are proud to present for sale Cloud Nine, a 36 Unit Apartment Community in vibrant West Adams. The property is located on a double corner lot at 3567 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 late 2025, the building features all the modern systems and conveniences your future tenants have come to expect, from spacious units with brand new appliances to manicured common areas including a spacious roof that includes lounging areas, dining tables, a grill and unobstructed views of the city, to the tremendous convenience of being just a hop and a skip to the Farmdale Metro Expo (E) Station, just over one block away! Featuring controlled access, in-unit laundry, sleek designs, some apartments with balconies, generous bicycle parking and 15 vehicle parking spaces, the property in on the edge of 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 eight 2 bed + 2 bath, twenty-four 1 bed + 1 bath and four studio units, ranging from 542 to 1,007 SF. There are four 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 recent-construction 32 Unit Apartment Building just north, on the same block, is also available and may be purchased together with this property!

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3567 Chesapeake Ave Facts & Features

  • Type Multi-Family
  • Sq. ft. 32,476
  • Price/Sq.ft. $462
  • Lot 0.31 Acres

Details

General

Income/Expenses

  • Gross Income: 1186464
  • Net Operating Income: 802436.00

Building Information

  • Year Built: 2025

Location/Region

  • Country: US
  • County Or Parish: Los Angeles
  • MLS Area Major: Park Hills Heights

Tax Information

  • Tax Assessed Value: 3813932

General Information

  • Disclosures: As Is, Other
  • Property Type: Residential Income
  • Zoning: R3

Interior

Beds/Baths

  • Bathrooms Total: 44.00
  • Bedrooms Total: 40

General Information

  • Cooling: Central
  • Heating: Central
  • Levels: Three Or More
  • Living Area: 32476
  • Living Area Source: Developer
  • Security Features: Gated
  • Stories: 4

Exterior

Parking Information

  • Parking Total: 15

Lot Information

  • Lot Size Acres: 0.3082
  • Lot Size Area: 13427
  • Lot Size Source: Vendor Enhanced
  • Number Of Buildings: 1

General Information

  • Number Of Units Total: 36
  • Other Structures: None

3567 Chesapeake Ave Neighborhood

Community

90016 (LOS ANGELES) Demographics

35
Median Age
12,765
Population Density (per sq. mile)
33%
College Educated
$49,958
Estimated Median Income
6,180
Estimated Total Home Owners
11,342
Estimated Total Renters
35% / 65%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

3567 Chesapeake Ave Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

3567 Chesapeake Ave Market Data

Based on the last 30 days in this zip code

$949,295
Average List Price
$715
Average Price per Square Foot
25
Properties Sold
81
Average Days on Market
273
Properties for Sale
Calculations provided by Reliance Network

3567 Chesapeake Ave History

Date Event Value Agent
6/23/2026Source: CRMLS Price Reduction
$14,995,000 -2.6%
6/23/2026Source: TheMLS (CLAW) Price Reduction
$14,995,000 -2.6%
5/7/2026Source: CRMLS Added to Database
May 07, 2026
5/7/2026Source: TheMLS (CLAW) Added to Database
May 07, 2026
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