3438 Potomac Avenue
Los Angeles, CA, 90016
$4,495,000
Beds
0 Baths
SqFt
0.21 Acres
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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&#39'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&#39't last long!

Property Details

Price:
$4,495,000
MLS #:
BB24185573
Status:
Active
Baths:
0
Address:
3438 Potomac Avenue
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
c16midlosangeles
City:
Los Angeles
Listed Date:
Sep 9, 2024
State:
CA
ZIP:
90016
Lot Size:
9,243 sqft / 0.21 acres (approx)
Year Built:
2024
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Interior

Accessibility Features
None
Appliances
Dishwasher, Freezer, Disposal, Gas Oven, Gas Range, Microwave
Cooling
Central Air
Fireplace Features
None
Flooring
Vinyl
Heating
Central

Exterior

Community Features
Sidewalks
Electric
Standard
Garage Spaces
8.00
Lot Features
Back Yard, Landscaped
Parking Features
Garage Faces Front, Garage Faces Rear, Garage – Single Door, Garage – Two Door, Gated
Parking Spots
12.00
Pool Features
None
Sewer
Public Sewer
Spa Features
None
Stories Total
3
View
City Lights, Neighborhood
Water Source
Public

Financial

Association Fee
0.00
Tenant Pays
All Utilities

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3438 Potomac Avenue
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