3438 Potomac Avenue, Los Angeles, CA 90016
  • MLS#: BB24185573 ( Apartment )
  • Street Address: 3438 Potomac Avenue
  • Viewed: 3
  • Price: $4,495,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 2024
  • Bldg sqft: 0
  • Days On Market: 67
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90016
  • Provided by: Myunits.com Inc.
  • Contact: Elizabeth Elizabeth
  • California Regional MLS IDX
  • DMCA Notice
  • 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 builders 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!
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Features
Accessibility Features
  1. None
Appliances
  1. Dishwasher
  2. Freezer
  3. Disposal
  4. Gas Oven
  5. Gas Range
  6. Microwave
Architectural Style
  1. Modern
Association Fee
  1. 0.00
Building Area Total
  1. 9144.00
Commoninterest
  1. None
Common Walls
  1. 1 Common Wall
Cooling
  1. Central Air
Country
  1. US
Days On Market
  1. 27
Electric
  1. Standard
Electric Expense
  1. 1000.00
Entry Location
  1. front
Fireplace Features
  1. None
Flooring
  1. Vinyl
Fuel Expense
  1. 0.00
Garage Spaces
  1. 8.00
Gardner Expense
  1. 1200.00
Heating
  1. Central
Insurance Expense
  1. 8230.00
Laundry Features
  1. Inside
Levels
  1. One
  2. Two
  3. Three Or More
Lot Features
  1. Back Yard
  2. Landscaped
Netoperatingincome
  1. 241993.00
Newtaxesexpense
  1. 53913.00
Parcel Number
  1. 5046008015
Parking Features
  1. Garage Faces Front
  2. Garage Faces Rear
  3. Garage - Single Door
  4. Garage - Two Door
  5. Gated
Pool Features
  1. None
Postalcodeplus4
  1. 4117
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Property Condition
  1. Turnkey
Road Frontage Type
  1. City Street
Road Surface Type
  1. Paved
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 422625803:CRM
Spa Features
  1. None
Taxarea
  1. 67
Tenant Pays
  1. All Utilities
Totalactualrent
  1. 0.00
Totalexpenses
  1. 66743.00
Trash Expense
  1. 0.00
Uncovered Spaces
  1. 4.00
Vacancyallowance
  1. 12864
View
  1. City Lights
  2. Neighborhood
Virtual Tour Url
  1. https://youtu.be/CV9p5Af60ok?si=FxmrY16sw2kzFq4s
Water Sewer Expense
  1. 0.00
Water Source
  1. Public
Year Built
  1. 2024
Year Built Source
  1. Builder
Zoning
  1. LAR2