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