3438 Potomac Avenue , Los Angeles, CA 90016
Los Angeles, CA 90016
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!
Details
| Mls | BB24185573 |
|---|---|
| Listing Type | For Sale |
| Style | Attachd |
| Subtype | New Construction |
| Status | Active |
| Year | 2024 |
| Days On Site | 96 |
| Listing Provided By | Myunits.com Inc. 818-859-7242 | Elizabeth Maddox |
Features
| Sq Feet | 9,144 |
|---|---|
| Garage | 8 |
| Storys | 1 |
| Units | 6 |
| Buildings | 3 |
| Zoning | LAR2 |
| Acreage | 0.21 |
| Property View | Yes |
Market Activity 90016
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90016 |
| Area | C16 Mid Los Angeles |
| Listing VS Median (in 90016) | |
Price: $4,495,000 low | high Med: $1,000,000 SqFt: 9,144 low | high Med: 1,109 $ / SqFt: $492 low | high Med: $920 On Site: 96 low | high Med: 686.500000 | |
