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3438 Potomac Avenue

Los Angeles, CA 90016

– beds
– baths
– sqft
9,243 sqft lot
2024 build
– on site

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!

Listed By CRMLS_CA / Elizabeth Maddox / Myunits.com Inc. / 818-850-8485

Last checked: Checking… • Last updated Nov 18, 2024 •

MLS# BB24185573 —

The Building

Year Built:

2024
Year Built Source:

Builder
New Construction:

Yes
Architectural Style:

Modern
Entry Level:

1
Accessibility Features:

None
Common Walls:

1 Common Wall
Building Area Total:

9144.00
Building Area Units:

Square Feet
# of Buildings:

3
Green Verification:

1
Total Number Of Units:

6
Stories Total:

3
# of Separate Gas Meters:

6
# of Separate Water Meters:

6
# of Separate Electric Meters:

7

Interior

Levels:

One, Two, Three Or More
Entry Location:

front
Flooring:

Vinyl
Room Type:

Kitchen, Living Room
Fireplace:

No
Fireplace:

None
Laundry:

Inside
Laundry:

1

Location

Directions:

Heading West on Exposition Blvd, make a right on to Potomac Ave. Property will be on your right.
Latitude:

34.02439300
Longitude:

-118.34359800

The Property

Property Type:

Residential Income
Subtype:

Apartment
Property Condition:

Turnkey
Zoning:

LAR2
Lot Features:

Back Yard, Landscaped
Lot Size Area:

9243.0000
Lot Size Acres:

0.2122
Lot Size SqFt:

9243.00
Lot Size Source:

Assessor
View:

1
View:

City Lights, Neighborhood
Road Frontage:

City Street
Road Surface Type:

Paved
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

2200.00
Tax Area:

67
Tax Tract:

7823
Tax Lot:

200
Tax Annual Amount:

1.19

The Listing

Virtual Tour
Virtual Tour
Special Listing Conditions:

Standard
Parcel Number:

5046008015

Heating & Cooling

Heating:

1
Heating:

Central
Cooling:

Yes
Cooling:

Central Air

Utilities

Sewer:

Public Sewer
Electric:

Standard
Water Source:

Public

Appliances

Appliances:

Dishwasher, Freezer, Disposal, Gas Oven, Gas Range, Microwave
Included:

Yes

The Community

Senior Community:

No
Features:

Sidewalks
Pool:

None
Private Pool:

No
Spa Features:

None
Association:

No

Parking

Parking:

Yes
Parking:

Garage Faces Front, Garage Faces Rear, Garage - Single Door, Garage - Two Door, Gated
Parking Spaces:

12.00
Garage Spaces:

8.00
Uncovered Spaces:

4.00

Extra Units

Average 3 Bed Area:

1357
Number With Dishwasher:

6
Number With Refrigerator:

6

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
9/9/24 Sep 9, 2024	Listed / Active	CRMLS_CA	$4,495,000

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This multifamily located in South LA, Los Angeles, CA 90016 is currently for sale for $4,495,000. 3438 Potomac Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 76 days. 3438 Potomac Avenue is in the South LA neighborhood of Los Angeles and has a WalkScore® of 81, making it very walkable. This multifamily is in the attendance area of Virginia Road Elementary School, Johnnie L Cochran Jr Middle School, and Susan Miller Dorsey Senior High School.

Listing Courtesy of: CRMLS_CA and Myunits.com Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 23:55 on Nov 23.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.