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3438 Potomac Avenue
Los Angeles CA 90016 US

$4,495,000

Active Listing ID BB24185573
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20 bed
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24.00 Bath (22 Full , 2 Half)
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Lot: 9,243.00 Square Feet
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Apartment

$4,495,000

Active Listing ID BB24185573
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3438 Potomac Avenue 3438 Potomac Ave is an ultra-premium NON RENT CONTROLLED, OPPORTUNITY ZONE, 2024 construction 6-unit building located in trendy West Adams, just a short walk from countless high-end shops, galleries, and notable eateries such as Highly Likely Cafe, Thinkspace Gallery, and The Bar at Johnny's! This luxury property boasts an impressive projected 5.38% cap rate and $321, 600 in yearly gross rent, making it a dream come true for 1031 exchange and Opp. Zone buyers! The property is comprised of an ideal unit mix: two large 4-bedroom tri-level townhome-style units, and four equally impressive 3-bedroom tri-level townhome-style units. All units feature large open floor plans, ultra-trendy designs, huge balconies, upgraded finishes, and TONS of PARKING! Thanks to its A++ location, this will be an extremely easy-to-manage, easy-to-rent, high cash flow property for years to come. The property also includes 12 parking spots (8 garage spaces and 4 exterior spots), all secured behind an automatic gate. The excellent location, paired with upscale modern units, ensures quick and easy rentals. These premium townhomes offer unbeatable floorplans with extremely large, tenant-friendly kitchens and living rooms. Noteworthy features include designer tiles, modern glossy cabinets, high ceilings, huge closets, balconies off the living spaces and bedrooms, countless windows providing maximum natural light, wood-look waterproof vinyl, and more! In addition to a high return, buyers will enjoy other perks such as ample parking, tastefully designed drought-tolerant landscaping, a 1-year builder’s warranty, brand new EVERYTHING, low maintenance, separate meters for gas, water, and electricity, and extreme desirability among renters for years to come. This one-of-a-kind opportunity won't last long!

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Property Features

  • Facts
  • Lot Size: 9,243.00 Square Feet
  • Property Type: Residential Multi Family
  • Property Sub-type: Apartment
  • Features
  • Full Bathrooms: 22
  • 1/2 Bathrooms: 2
  • Exterior Finish: Community Features Included: Sidewalks, Back Yard, Landscaped
  • Floor Covering: Vinyl
  • Heating Fuels: Central Furnace

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Apartment
  • listprice: 4495000
  • unparsedaddress: 3438 Potomac Avenue
  • postalcity: Los Angeles
  • stateorprovince: CA
  • country: US
  • postalcode: 90016
  • bathroomsfull: 22
  • bathroomshalf: 2
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.212190082644628
  • lotsizeunits: Square Feet
  • lotsizearea: 9243
  • livingarea: 9144
  • livingareaunits: Square Feet
  • latitude: 34.024436
  • longitude: -118.343607
  • listagentfullname: Elizabeth Maddox
  • listagentemail: elizabeth@myunits.com
  • listagentkey: 3yd-MRMLSCA-BB41810
  • listagentmlsid: BB41810
  • listagentpreferredphone: 8188508485
  • listagentofficephone: 8188597242
  • listofficekey: 3yd-MRMLSCA-BH5345657
  • listagentstatelicense: 01921425
  • listofficemlsid: BH5345657
  • disclaimer: Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MRMLSCA
  • yearbuilt: 2024
  • listingcontractdate: 2024-09-09
  • listagenturl: https://www.twotofour.com/buy
  • countyorparish: Los Angeles
  • parcelnumber: 5046008015
  • appliances: Dishwasher, Freezer, Garbage Disposer, Microwave, Oven - Gas, Range, Range - Gas, Washer
  • flooring: Vinyl
  • heating: Central Furnace
  • numberofunitstotal: 6
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 3
  • parkingtotal: 12
  • parkingfeatures: Garage, Gated
  • view: City
  • waterfrontyn: False
  • interiorfeatures: None
  • exteriorfeatures: Community Features Included: Sidewalks, Back Yard, Landscaped
  • architecturalstyle: Modern
  • rooms: Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Living Room
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -118.343605, 34.024437
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Myunits.com", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"elizabeth@myunits.com", "ListBrokerageCity":"Burbank", "ListBrokerageCountry":"US", "ListBrokerageEmail":"elizabeth@myunits.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/MRMLSCA/6b8cfa918e2b11e991f70242ac110015/20240201222347526.png", "ListBrokerageName":"Myunits.com", "ListBrokeragePhone":null, "ListBrokeragePostalCode":"91502", "ListBrokerageStateOrProvince":"CA", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"630 N Glenoaks Blvd", "ListBrokerageWebsiteUrl":"https://www.twotofour.com/buy", "ListOfficeAddress1":"630 N. Glenoaks", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"BB41810", "ListOfficeCity":"Burbank", "ListOfficeCountry":"US", "ListOfficeEmail":"elizabeth@myunits.com", "ListOfficePostalCode":"91501", "ListOfficeStateOrProvince":"CA", "ListPriceCurrencyType":"USD", "ListingTitle":"Apartment, Modern - Los Angeles, CA", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/3438-Potomac-Ave_Los-Angeles_CA_90016_M10371-78240?f=listhub&s=MRMLSCA&m=BB24185573&c=rexren", "MLSModificationTimestamp":"2024-09-09T13:55:16Z", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 11/18/2024 10:18:02 PM GMT
Source Updated Date: 11/21/2024 7:02:54 AM GMT

Courtesy of: Elizabeth Maddox, Myunits.com Inc., elizabeth@myunits.com

Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.