Active

3438 Potomac Avenue

Los Angeles CA, 90016

$4,495,000


$491.58 per sqft

Active

9,144 sqft

Condo

Built in 2024

Listed by Elizabeth Maddox with Myunits.com Inc. 818-850-8485

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!

BB24185573

MLS ID

September 9, 2024

Listed

October 17, 2024

Updated

Map

3438 Potomac Avenue
Los Angeles CA, 90016

Interior Features

Total Stories

1


Appliances

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


Laundry Description

Inside


Floor Description

Vinyl


Fireplace

No


Fireplace Description

None


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.21 Acres


Lot Features

Back Yard, Landscaped


Architectual Style

Modern


Sewer

Public Sewer

Other Property Details

Area Name

C16 - Mid Los Angeles


Taxes

$1


Tax Frequency

Annually


Garage

Yes


Garage Spaces

8


Parking

Door-Multi, Door-Single, Garage Faces Front, Garage, Gated, Garage Faces Rear


Parking Total

12


View

Yes


View Description

City Lights, Neighborhood


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

LAR2

Listing Contact: 818-859-7242 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/17/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 10/17/2024 at 1:19 PM UTC

 

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