3566 Chesapeake AvenueLos Angeles, CA 90016

Description

6 bedroom Duplex plus vacant bonus unit. 4-bedroom+ 2-bath and a 2-bedroom 1 bath unit, PLUS a vacant additional bonus unit next to the garage equipped with plumbing, offering additional potential rental income. *Seller is open to a credit towards buyers rate buy down,buyer expenses and closing costs! * Exceptional rental and development opportunity in the heart of one of Los Angeles' most rapidly evolving neighborhoods. Situated on an LAR3 lot close to the Metro in a TOC Tier 3 designation, . Substantial upside for investors, developers, and long-term hold buyers. All tenants are currently month-to-month, and the property will be sold with tenants in place.Located on a quiet, desirable street in the thriving Jefferson Park/Exposition corridor, the property is surrounded by significant new development and enjoys convenient access to the Metro, Jefferson Park, Leimert Park, the 10 Freeway, West Adams,Culver City, Downtown Los Angeles, USC, and Santa Monica. Nearby amenities include Rancho Cienega Sports Complex, popular restaurants and cafes, the Metro, and an array of neighborhood conveniences that continue to attract residents and investors alike. The area boasts bike ability, and public transit access, making it particularly appealing for future development opportunities.Whether you're seeking to capitalize on the existing cash flow or maximize the site's redevelopment potential under TOC incentives, opportunities like this are becoming increasingly rare. Bonus unit is not rented and has no permits. Broker and agents do not represent or guarantee the accuracy of the square footage, income, expenses, condition, development potential, bedroom/ bathroom count, lot size or lot lines, dimensions, permitted or non-permitted spaces, or school eligibility. Buyer is advised to independently verify the accuracy of all information with appropriate professionals. There are no warranties or guarantees, buyer to rely solely on his/her/their own research and findings.

Property Information

Property type

Residential Income

Year built

1944

Stories

1

Living area

2,087 Sq Ft

Lot size

0.15 acres

Parking spaces

4

Zoning

LAR3

Days on market

3

MLS^® Listing#

26106148

Property Features

Cooling

None

Heating

Wall Furnace

Parking

Driveway · Community Structure

Financial Details

HOA

None

Parcel number

5046015016

Directions

West of Crenshaw