3567 Chesapeake Avenue
Los Angeles, CA, 90016 $ 15,390,000
Bedrooms40 Baths3.0 Sq 32,476 Monthly Estimate*
$ 94,759
Listed by Keller Williams Beverly Hills
for $15,390,000 with 40 bedrooms and 3 full baths. This 32,476 square foot home was built in 2025 on a lot size of 0.3082.
We are proud to present for sale Cloud Nine, a 36 Unit Apartment Community in vibrant West Adams. The property is located on a double corner lot at 3567 Chesapeake Ave. (a quiet, residential tree-lined street), in a neighborhood quickly undergoing a transformation, full of new construction! With a Certificate of Occupancy from late 2025, the building features all the modern systems and conveniences your future tenants have come to expect, from spacious units with brand new appliances to manicured common areas including a spacious roof that includes lounging areas, dining tables, a grill and unobstructed views of the city, to the tremendous convenience of being just a hop and a skip to the Farmdale Metro Expo (E) Station, just over one block away! Featuring controlled access, in-unit laundry, sleek designs, some apartments with balconies, generous bicycle parking and 15 vehicle parking spaces, the property in on the edge of a vast single family-zoned area, with low-rise homes, unobstructed views and easier street parking. The property offers additional income, such as parking and storage fees charged independently of rents, along with EV Charging, TV and Internet service, which is billed directly to tenants along with RUBS. The property boasts eight 2 bed + 2 bath, twenty-four 1 bed + 1 bath and four studio units, ranging from 542 to 1,007 SF. There are four restricted units reserved for affordable housing. The area has undergone a major economic renaissance during the past decade, with development as the driving force. The new apartment and mixed-use developments in the immediate area have provided an overwhelming increase in the demand for high end rental units and retail. The building is a stone's throw to the Rancho Cienega Recreation Center and Dorsey Senior High School. Take the Metro to USC or Culver City, continue on to Downtown LA or Santa Monica! The area features tons of new restaurants, cafes, markets and much more! It is hard to keep track of what has opened and what is in the planning to open in the near future! A recent-construction 32 Unit Apartment Building just north, on the same block, is also available and may be purchased together with this property!
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FeaturesGeneralLiving Area 32476
Heating Central
Cooling Central Air
Appliances Dishwasher Refrigerator Dryer Washer
Zoning R3
Security Features Gated Community
Year Built 2025
Levels Three Or More
Gross Income 1186272
Community Features Gated
County Los Angeles
Net Operating Income 797563
New Construction false
Property Type Residential Income
HOA false
Attached Garage true
Full Baths 0
Special Listing Conditions Standard
Status Active
Directions North of Obama Blvd. South of Exposition Blvd. East of La Brea Ave. West of Crenshaw Blvd.
City Los Angeles
Senior Community Y/N false
Number Of Units Total 36
MLS Area PHHT - Park Hills Heights
Lot Size Units Square Feet
Lot Size Square Feet 13427
Virtual Tour https://drive.google.com/file/d/1G8u9ha1gqrq69gDP5FwO8L7OpyDxBaUg/view
Standard Status Active
Year Built Source Other
Cap Rate 5.18
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InteriorTotal Stories 4
Air Conditioning Y/N true
Heating Y/N true
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Total Bedrooms 40
Total Baths 44
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ExteriorParking Features Covered Gated
Total Parking 15
Lot Size Area 13427
Number of Buildings 1
Building Area Total 32476
Lot Size Acres 0.3082
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* Excluded FeaturesList ByKeller Williams Beverly HillsBroker
dario@svidlercre.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $94,759
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Los Angeles, CA
Average List Price $1,927,448
Percent of Sale Price 87%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/7/2026 | $15,390,000 | | Listed Price |