2943 Chesapeake Avenue, Los Angeles, California 90016, Los Angeles, 90016 - 3 bed, 2 bath
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Los Angeles, California 90016
This Charming Spanish-Style Residence is a Prime Investment Opportunity, listed at $949,000—positioned well below the $976,009 Fair Market Value by 2%. This valuation gap offers $27,009 in Instant Equity for the buyer. Boasting a Good Condition Rating, the home preserves its 1928 character with Barrel Ceilings, Original Hardwood Floors, and a Private Outdoor Patio. Located in the vibrant West Adams culinary hub near the Expo Line, it balances historic charm with significant appreciation potential. This is an ideal fit for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2943 Chesapeake Avenue Subject | $949,000* List Price | 3 | 2 | 1,534 | $636 | - |
A 2144 Alsace Avenue Sold | $909,000 | 3 | 2 | 1,439 | $632 | 0.8 mi |
B 2640 Vineyard Avenue Sold | $1,139,000 | 4 | 3 | 1,828 | $623 | 0.2 mi |
C 2215 Alsace Avenue Sold | $925,000 | 3 | 2 | 1,372 | $674 | 0.8 mi |
D 3428 S Cloverdale Avenue Sold | $1,070,000 | 3 | 2 | 1,393 | $768 | 0.9 mi |
E 3770 Somerset Drive Sold | $1,020,000 | 3 | 2 | 2,036 | $501 | 0.9 mi |
F 2942 S West View Active | $1,099,000 List Price | 3 | 3 | 1,549 | $709 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This 1928 Spanish-style residence is in move-in ready condition with clear evidence of recent high-quality updates. The bathrooms have been fully renovated with modern vanities, contemporary black fixtures, and stylish tile work. The kitchen is well-maintained and features stainless steel appliances. While the home preserves its original character through polished hardwood floors and barrel ceilings, the presence of window-mounted AC units suggests that the HVAC system has not been fully modernized to central air, which, along with the age of the kitchen cabinetry, aligns the property with the 'good' rather than 'excellent' classification.
This 1928 Spanish-style residence preserves its timeless appeal through original hardwood floors, classic barrel ceilings, and graceful archways, offering a level of charm highly coveted in the West Adams market.
The property is perfectly positioned within a vibrant culinary hub near popular hotspots like Alta and Cento Pasta Bar, while providing excellent transit connectivity via the Expo and Crenshaw/LAX lines.
Featuring a private entry courtyard and a formal dining room with French doors that open to an outdoor patio and large yard, the layout is optimized for the Southern California lifestyle and entertaining.
The assigned public middle and high schools carry low performance ratings (2/10), which may be a significant drawback for families focused on the local school district.
While functional, the home is presented as an opportunity to 'bring your own vision to life,' suggesting that buyers should anticipate additional capital expenditure for modern upgrades and repairs.
Welcome to 2943 Chesapeake Avenue, a charming Spanish-style residence in the heart of highly sought-after West Adams. Offering 3 bedrooms, 2 bathrooms, and approximately 1,534 square feet of living space, this home blends timeless character with everyday comfort. Enter through a beautiful, private courtyard that sets the tone for the warmth and charm found throughout. Inside, the light-filled living room showcases a classic barrel ceiling, graceful archways and original hardwood floors, adding to the home's authentic character. The formal dining room features French doors that open seamlessly to the outdoor patio, perfect for indoor-outdoor entertaining. The eat-in kitchen is both functional and inviting, complete with stainless steel appliances, and a quaint breakfast nook ideal for morning coffee. Natural light pours in throughout the home, enhancing each thoughtfully designed space. Additional highlights include a generously sized yard, a spacious basement ideal for storage, and an overall layout that offers both comfort and versatility. Whether you're looking to move right in or bring your own vision to life, this home presents a wonderful opportunity to personalize and elevate a classic Spanish in one of LA's most dynamic neighborhoods. Positioned amidst the vibrant West Adams restaurant scene with popular local hotspots like Highly Likely, Vicky's All Day, Alta, Cento Pasta Bar, Maydan Market, Mizlala and Damn I Miss Paris, with convenient access to the Expo Line and Crenshaw/LAX transit line. An incredible opportunity to own in one of LA's most dynamic communities- this is West Adams living at its best.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.6 mi
Grades K-5 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,534 | 1,427 | 57% |
| Lot Size | 5,849 | 5,362.5 | 54% |
| Price | $949.0K | $1.03M | 39% |
| Price per sq ft | $619 | $745 | 26% |
| Built year | 1928 | 1927 | 52% |
| HOA | $0 | $0 | 50% |
| Days on market | 20 | 188 | 2% |
Apr 2, 2026
$949,000
Initial Listing
Jun 15, 1998
$155,000
Public Record