RealKey
‪(213) 433-7766‬

3734 Chesapeake, Los Angeles, California 90016, Los Angeles, 90016 - 4 bed, 2 bath

3734 Chesapeake, Los Angeles, California 90016 home-pic-0
ACTIVE$1,190,000
3734 Chesapeake, Los Angeles, California 90016
4Beds
2Baths
1,452Sqft
6,053Lot
Year Built
1944
Close
-
List price
$1.19M
Original List price
$1.3M
Price/Sqft
$820
HOA
-
Days on market
-
Sold On
-
MLS number
PW25270150
Home ConditionPoor
Features
ViewNeighborhood

About this home

Possibly Over-Priced:The estimated price is 16% below the list price. We found 4 Cons,5 Pros. Rank: price - $1.19M(58th), sqft - 1452(54th), beds - 4(72th), baths - 2(50th).

Unlock the upside on this nearly completed 4 bed / 2 bath conversion in the heart of Los Angeles’ thriving Mid-City/West Adams corridor. Originally a 3/1, this expanded layout now sits at approx. 1,452 sq ft and is just a few finishing touches away from a standout investment. The heavy lifting is already done—framing, layout changes, and major improvements are in place and signed off by the city. Seller is in foreclosure and prepared to sell AS-IS, creating a clear runway for an investor, builder, or savvy buyer who wants to step in, complete the project, and capture the value. The lot provides ample potential for additional improvements or future expansion (buyer to verify). Surrounded by rapid development, renovated homes, and strong demand, this property offers substantial margin for those ready to move quickly. If you’ve been waiting for a straightforward opportunity with built-in equity, this is it.

Price History

Date
Event
Price
12/13/25
Price Change
$1,190,000-8.4%
12/03/25
Listing
$1,299,000
02/14/23
Sold
$730,000
02/13/23
Sold
$700,000
Condition Rating
Poor
The property, built in 1944, is an unfinished renovation project. While the description states 'heavy lifting' like framing and layout changes are done and city-approved, the images reveal a construction site with no finished flooring, no kitchen, and bathrooms only at the waterproofing stage. It is not habitable and requires substantial repairs, rehabilitation, and significant capital investment to complete the interior, including all finishes, fixtures, and appliances.
Pros & Cons

Pros

Prime Location: Situated in the heart of Los Angeles’ thriving Mid-City/West Adams corridor, an area experiencing rapid development and strong demand.
Significant Renovation Progress: The heavy lifting, including framing, layout changes, and major improvements, is already completed and city-approved, reducing initial project risk.
Value-Add Investment Opportunity: Offers substantial margin and built-in equity for an investor or savvy buyer to complete the project and capture significant value.
Expansion Potential: The generous lot size provides ample potential for additional improvements or future expansion, enhancing long-term value.
Recent Price Adjustment: A recent price reduction from $1.299M to $1.19M indicates increased seller motivation and potential for a more attractive acquisition.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1452, other record living area = 1172. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Incomplete Project: The property is 'nearly completed' and requires 'finishing touches,' necessitating additional capital investment and project management from the buyer.
As-Is Sale & Foreclosure Status: Sold 'AS-IS' by a seller in foreclosure, which implies no seller repairs and potential complexities or urgency in the transaction process.
Buyer Due Diligence Required: Any potential for additional improvements or future expansion explicitly requires 'buyer to verify,' shifting the burden of research and risk assessment to the purchaser.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state