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3527 Chesapeake, Los Angeles, California 90016, Los Angeles, 90016 - bed, bath

3527 Chesapeake, Los Angeles, California 90016 home-pic-0
ACTIVE$1,100,000
3527 Chesapeake, Los Angeles, California 90016
0Bed
0Bath
2,212Sqft
6,261Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Income-Generating Triplex: As a multi-unit triplex, the property offers immediate income potential for investors or a live-in owner, enhancing financial flexibility and cash flow.
Top Cons:
As-Is Sale Condition: Being sold 'as-is' implies potential for required repairs, upgrades, or deferred maintenance, necessitating additional capital investment from the buyer post-acquisition.

Compared to the nearby listings

Price:$1.10M vs avg $1.10M (+$0)50%
Size:2,212 sqft vs avg 2,212 sqft50%
Price/sqft:$497 vs avg $45557%

More Insights

Built in 1944 (81 years old).
Condition: Built in 1944, this triplex shows significant age and wear throughout. The kitchen features very outdated dark wood cabinets, tile countertops, and older white appliances, all in poor condition with visible damage and wear. Flooring varies from worn laminate/engineered wood to cracked ceramic tiles and heavily scratched hardwood. Popcorn ceilings and dated light fixtures are present. While some units are described as 'moderately upgraded,' the visible interiors require substantial repairs and rehabilitation to meet modern living standards, aligning with the 'poor' condition criteria. The property is explicitly marketed as an 'as-is' sale requiring 'significant investment/work' to add value.
Year Built
1944
Close
-
List price
$1.1M
Original List price
$1.1M
Price/Sqft
$497
HOA
-
Days on market
-
Sold On
-
MLS number
SB25275522
Home ConditionPoor
Features
View-

About this home

Introducing 3527 Chesapeake Ave, a hard-to-find multi-unit property located in the rapidly growing West Adams/Crenshaw community. Sitting on a 6,259 sq. ft. lot, this triplex offers a combined 5 bedrooms and 3 bathrooms across approximately 2,212 sq. ft. of living area. This is an excellent opportunity for investors or owner-users looking to add value and customize to their needs. Built in 1944 and zoned R3, the property offers strong long-term potential. Each unit features functional layouts with room for improvements, making it ideal for buyers seeking a project with significant upside. Some units have been moderately upgraded and each unit has laundry inside of unit. Excellent curb appeal on well maintained street.The spacious lot provides on-site parking and outdoor areas that can be enhanced or reimagined. Centrally located near the Expo Line, Culver City/Crenshaw developments, parks, schools, and major freeways, the property sits in a high-demand rental area with steady growth and increasing desirability. Perfect for buyers looking for a value-add income property, an opportunity to live in one unit and rent the others, or those exploring future development prospects (buyer to verify). Property being sold as-is. No court confirmation needed.

Condition Rating
Poor
Built in 1944, this triplex shows significant age and wear throughout. The kitchen features very outdated dark wood cabinets, tile countertops, and older white appliances, all in poor condition with visible damage and wear. Flooring varies from worn laminate/engineered wood to cracked ceramic tiles and heavily scratched hardwood. Popcorn ceilings and dated light fixtures are present. While some units are described as 'moderately upgraded,' the visible interiors require substantial repairs and rehabilitation to meet modern living standards, aligning with the 'poor' condition criteria. The property is explicitly marketed as an 'as-is' sale requiring 'significant investment/work' to add value.
Pros & Cons

Pros

Income-Generating Triplex: As a multi-unit triplex, the property offers immediate income potential for investors or a live-in owner, enhancing financial flexibility and cash flow.
Strategic Location: Situated in the rapidly growing West Adams/Crenshaw community, it boasts excellent access to the Expo Line, Culver City developments, and major freeways, ensuring high rental demand and strong appreciation potential.
R3 Zoning & Development Upside: The R3 zoning on a generous 6,259 sq. ft. lot presents significant long-term development opportunities and value-add potential, subject to buyer verification.
Value-Add Investment Opportunity: Explicitly marketed for investors or owner-users seeking to add value and customize, the property offers functional layouts with room for improvements, allowing for substantial equity growth.
Desirable Amenities & Curb Appeal: The property features excellent curb appeal, a spacious lot with on-site parking, and in-unit laundry for each unit, enhancing tenant attraction and convenience.

Cons

As-Is Sale Condition: Being sold 'as-is' implies potential for required repairs, upgrades, or deferred maintenance, necessitating additional capital investment from the buyer post-acquisition.
Age of Construction (1944): Built in 1944, the property may have aging infrastructure and systems, potentially leading to higher maintenance costs or the need for significant renovations to meet modern standards.
Requires Significant Investment/Work: While offering value-add potential, the property requires 'improvements' and 'customization,' indicating a substantial commitment of time and resources for renovation rather than being move-in ready.

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