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3434 Chesapeake Ave, Los Angeles, CA 90016
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3434 Chesapeake Ave Los Angeles, CA 90016

$1,995,000
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
For Sale
$1,995,000 Get Pre-Qualified
Map preview of 3434 Chesapeake Ave, Los Angeles, CA 90016

Property Overview: 3434 Chesapeake Ave Los Angeles, CA has -- bedrooms, -- bathrooms, -- living square feet and 9,180 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: We are pleased to present a 100% vacant land development opportunity located in the heart of West Adams! Totaling +/-9,180sf of LARD1.5 Tier 3 TOC land, a new owner has the ability to capitalize on various exit strategies that include the following: 1) Current RTI plans for a market rate 10-unit + 2 ADU multi-family for- rent building, 2) 100% affordable housing up to 50 units (feasibility study available on request), 3) Subdivision for 4-6 homes, or 4) Multiple duplex style build yielding 6-10 large units. Located just steps away from the trendy Jefferson Blvd corridor that includes numerous amenities such as Highly Likely (local cafe) and the soon-to-be Maydan Market (food hall) that includes Michelin Star connected restaurant Compass Rose. Being just 0.1 miles away, a 3-minute walk, from the Farmdale Metro Rail Line station, tenants have the ability to easily access Santa Monica, Culver City, USC, LAX, and Downtown LA. Ownership has plans in place for a market rate 10-unit + 2 ADU development that can be included in a sale. As a 100% affordable ED1 development, there's potential for up to 50 units with no parking requirements and an affordable stick on grade type construction. With its Opportunity Zone location, the property is well positioned for a developer seeking a well-located property with high rental demands that is nearby significant employment opportunities. Buyer shall complete their own due diligence to determine the development potential.

Listed by Casey Lins | BRE #01902650 | Kidder Mathews of California, Inc.
Last checked: 7 minutes ago | Last updated: May 29th, 2024 | Source CRMLS | DOM: 33
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Home details

Lot Sq. Ft
9,180
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Land
Status
Active
MLS#
24394841
City
Los Angeles
County
Los Angeles
Time on Site
33 days

Open Houses for 3434 Chesapeake Ave

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Property Details for 3434 Chesapeake Ave

Lot Details / Garage and Parking
Property Information
  • Has View
  • View: City Lights
  • Parcel Number: 5046009019
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Google Maps: 3434 Chesapeake Ave. Los Angeles, CA 90016
View more facts & features

Local Los Angeles Agent

Sale History for 3434 Chesapeake Ave

Last sold for $432,500 on November 20th, 2020

  • May, 2024

  • May 21, 2024

    Date

    Active

    CRMLS: 24394841

    $1,995,000

    Price

  • November, 2020

  • Nov 20, 2020

    Date

    Sold (Public Records)

    Public Records

    $432,500

    Price

  • December, 2018

  • Dec 17, 2018

    Date

    Sold (Public Records)

    Public Records

    $400,000

    Price

  • August, 2018

  • Aug 20, 2018

    Date

    Sold

    CRMLS: CV18157785

    $1,075,000

    Price

  • Aug 6, 2018

    Date

    Pending

    CRMLS: CV18157785

    $1,150,000

    Price

  • Jul 7, 2018

    Date

    Active Under Contract

    CRMLS: CV18157785

    $1,150,000

    Price

  • Jul 1, 2018

    Date

    Active

    CRMLS: CV18157785

    $1,150,000

    Price

  • Listing provided courtesy of CRMLS

    Great investment opportunity. Zoned RD1.5-1. May allow for development of 3+ units. Spacious, One-Story, Pool Home located in Historic West Adams Neighborhood of Los Angeles, close to Culver City Artist District with guest house on premium lot, situated in a prime Los Angeles location – stone’s throw from several forward thinking development projects (along Jefferson Blvd), Expo Metro Rail (Farmdale Station), walking and biking distance from Crenshaw/LAX Transit Project, premium shopping, dining, entertainment and recreation. Broker does not guarantee information presented. Info acquired through public and other sources. Buyers and selling agents should verify all information presented and satisfy themselves regarding the property’s value.

  • August, 2018

  • Aug 20, 2018

    Date

    Sold

    CRMLS: CV18123420

    $1,075,000

    Price

  • Aug 6, 2018

    Date

    Pending

    CRMLS: CV18123420

    $1,150,000

    Price

  • Jul 7, 2018

    Date

    Active Under Contract

    CRMLS: CV18123420

    $1,150,000

    Price

  • Jun 12, 2018

    Date

    Price Change

    CRMLS: CV18123420

    $1,150,000

    Price

  • May 25, 2018

    Date

    Active

    CRMLS: CV18123420

    $1,300,000

    Price

  • Listing provided courtesy of CRMLS

    Spacious, One-Story, Pool Home located in Historic West Adams Neighborhood of Los Angeles, close to Culver City Artist District | Property offers a premium lot, and a 1 bedroom / 1 bathroom guest house. The main dwelling features well over 2800 square feet of living space, 4 bedrooms, 3.5 bathrooms, 2 fireplaces, hardwood floors, custom moldings, antique fixtures, built-in cabinets, indoor laundry, basement, central air, tankless water heater and so much more. The guest house offers a full kitchen, and it’s own laundry facility. Situated in a prime Los Angeles location – a stone’s throw from several forward thinking development projects (along Jefferson Blvd), the Expo Metro Rail (Farmdale Station), walking and biking distance from the "groundbreaking" Crenshaw/LAX Transit Project, and premium shopping, dining, entertainment and recreational experiences. [Update (6/15/18): Per city, zoning recently changed to RD1.5-1, which may allow for the development of more than 3 units.]

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Tax History for 3434 Chesapeake Ave

Assessed Value (2020): $1,168,634
Year Land Value Improved Value Assessed Value
2020 $890,378 $278,256 $1,168,634

Home Value Compared to the Market

This property vs the competition

3434 Chesapeake Ave is listed 59.73% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000.

About 3434 Chesapeake Ave

Detailed summary of property

3434 Chesapeake Ave is a land located in Los Angeles, CA 90016 and is currently for sale. This land offers -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 9,180 square foot lot. 3434 Chesapeake Ave was first listed on ArdentRealEstateGroup.com on May 21, 2024. The homeowner is currently asking $1,995,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $779. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 59.73% higher than the median priced home. Local competing homes currently for sale include 210 N Berendo St, 1222 N Beachwood Dr and 5436 S Broadway. While the average home in Los Angeles, CA is selling in 98 days, 3434 Chesapeake Ave has a days on market of 33 days. There are currently 3964 homes for sale in the Los Angeles real estate market and 2670 of them are single family homes while 1181 of them are condos and 106 are townhomes. For more information on this home for sale at 3434 Chesapeake Ave Los Angeles, CA 90016 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3434 Chesapeake Ave

Public county record property details
Beds
4
Baths
3
Year built
1939
Sq. Ft.
2,893
Lot Size
9,177
Stories
--
Type
Single Family Residential
Pool
Yes
Spa
No
County
Los Angeles
Lot#
218
APN
5046-009-019

The source for these homes facts are from public records.

90016 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,098,000
Median List Price/Sq.Ft.
$744
Median Sold Price
$1,150,000
Median Sold Price/Sq.Ft.
$742
Total Inventory
78
Median Sale to List Price %
95.91%
Avg Days on Market
31
Loan Type
Conventional (31.58%), FHA (0%), VA (0%), Cash (10.53%), Other (15.79%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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