Los Angeles, CA 90016,3438 Potomac AVE
Los Angeles, CA 90016,3438 Potomac AVE
Los Angeles, CA 90016,3438 Potomac AVE
Los Angeles, CA 90016,3438 Potomac AVE
Los Angeles, CA 90016,3438 Potomac AVE
Los Angeles, CA 90016,3438 Potomac AVE
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$ 4,495,000
Est. payment | /mo

9,243 Sqft Lot


$ 4,495,000
Est. payment | /mo

9,243 Sqft Lot

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID BB24185573

Construction Status Turnkey

HOA Y/N No

Year Built 2024

Annual Tax Amount $1

Lot Size 9,243 Sqft

Property Description

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!

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LAR2

Interior

Heating Central

Cooling Central Air

Flooring Vinyl

Fireplaces Type None

Fireplace No

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

Laundry Inside

Exterior

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

Garage Spaces 8.0

Garage Description 8.0

Pool None

Community Features Sidewalks

View Y/N Yes

View City Lights, Neighborhood

Accessibility None

Total Parking Spaces 12

Private Pool No

Building

Lot Description Back Yard, Landscaped

Story 3

Entry Level One,Two,Three Or More

Sewer Public Sewer

Water Public

Architectural Style Modern

Level or Stories One, Two, Three Or More

New Construction Yes

Construction Status Turnkey

Others

Senior Community No

Tax ID 5046008015

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Elizabeth Maddox • Myunits.com Inc. • 818-850-8485
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3438 Potomac AVE