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Jordan PetitoPartnersCRE

Affordable projectsWest Adams

3556 & 3562 Chesapeake Ave, Los Angeles — 61-Unit Affordable Housing for sale

Available

3556 & 3562 Chesapeake Ave

Los Angeles, CA 90016

$2,795,000

61-Unit Affordable Housing near the Expo Line

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Property details

Category
Affordable Housing
Units
61
Lot
12,814 SF
Building
35,781 SF
Price / unit
$45,820
Zoning
R3-1
APN
5046-015-017, 5046-015-019

Offering memorandum

Shared deal rooms

Highlights

  • 61 units on a 12,814 SF double lot
  • 100% affordable, delivered entitled
  • Five stories, about 35,781 SF gross
  • West Adams / Jefferson Park, near the Metro E Line
  • Existing structures to be delivered vacant
  • APNs 5046-015-017 and 5046-015-019

An entitled 61-unit, 100% affordable project on a double lot at 3556 and 3562 Chesapeake Avenue in West Adams / Jefferson Park. Asking price is $2,795,000.

The lot is 12,814 square feet and zoned R3-1. The memorandum describes a five-story building of about 35,781 square feet gross and about 26,071 square feet rentable: 55 one-bedrooms, 4 two-bedrooms, and 2 three-bedrooms. It is presented as an ED1 affordable community, delivered entitled, with the existing structures delivered vacant. APNs 5046-015-017 and 5046-015-019.

Representation

Agents

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Opens an email to jordan@petitocre.com.

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