Price REDUCED!

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 fr- 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 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 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 developme nt 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.

Request Information
on 3434 Chesapeake Ave
in Los Angeles, CA
Presented by Casey Lins at
Kidder Mathews of California, Inc.


Property MLS #24-394841 from TheMLSCLAW

+ Reveal additional info including schools and tax history

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+ Land Info

Lot Size Acres: 0.2107438
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 9180

+ Home Features

View: City

+ Homeowners Association

Association: No
Calculated Total Monthly Association Fees: 0

+ Other Property Info

Source Listing Status: Active
County: Los Angeles
Directions: Google Maps: 3434 Chesapeake Ave. Los Angeles, CA 90016
Source Property Type: Land
Area: Park Hills Heights
Source Neighborhood: Park Hills Heights
Parcel Number: 5046-009-019
Postal Code Plus 4: 4023
Zoning: LARD1.5
Source System Name: C2C
+ Reveal Tax History

Year	Assessments Building + Land Total	Tax
2022	$unknown + $1196650 $1196650	$14227
2021	$unknown + $1173187 $1173187	$14064
2020	$278256 + $890378 $1168634	$14551
2019	$272800 + $872920 $1145720	$13980
2018	$331576 + $546151 $877727	$10847
2017	$316767 + $480590 $797357	$9862
2016	$310556 + $471167 $781723	$9623
2015	$305892 + $464090 $769982	$9484
2014	$111090 + $21577 $132667	$1852
2013	$110588 + $21480 $132068	$1846
2012	$108420 + $21059 $129479	$1868
2010	$106295 + $20647 $126942	$1850
2009	$105752 + $20542 $126294	$1781
2009	$105501 + $20493 $125994	$1781
2008	$103679 + $20140 $123819	$1715
2007	$101647 + $19746 $121393	$1650

+ Reveal Property Sale History

Price Changed 2024-07-18
$1895000
TheMLSCLAW

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Listed 2024-05-21
$1995000
TheMLSCLAW

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Sold 2020-11-20
$432500
Public Record

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Sold 2018-12-17
$400000
Public Record

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Sold 2018-08-20
$1150000
SanDiegoMLS

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Listed 2018-07-01
$1150000
CRMLS

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Price Changed 2018-06-12
$1150000
CRMLS

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Listed 2018-05-25
$1150000
SanDiegoMLS

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Listed 2018-05-25
$1300000
CRMLS

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Sold 1973-04-10
$39000
Public Record

+ Display Complete School Details

Susan Miller Dorsey Senior High School is a public high school located approximately 0.2 miles away.
Map directions

Virginia Road Elementary School is a public elementary school located approximately 0.4 miles away.
Map directions

Johnnie Cochran, Jr., Middle School is a public middle school located approximately 1.6 miles away.
Map directions

West Angeles Christian Academy is a private elementary and middle school located approximately 0.6 miles away.
Map directions