- For Sale $14,995,000
- Property Type Multi-Family
- Property Size 32,476 SF
- Units 36
- Cap Rate % 5.35
- Date Updated Jul 10, 2026
Description
PartnersCRE is 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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Contacts
Partners CRE
Partners CRE