3438 Potomac Avenue
Los Angeles, CA 90016
Active for $4,495,000
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 9,243 sqft
| MLS | BB24185573 |
| Year Built | 2024 |
| Property Type | Apartment |
| County | Los Angeles |
| Status | Active |
| Active | $4,495,000 |
| Structure Size | N/A sqft |
| Lot Size | 9,243 sqft |
| Beds | N/A |
| Baths | N/A |
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!
Listing information courtesy of: Elizabeth Maddox, Myunits.com Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of 11/22/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Iwona G. Riley
REALTOR®
Direct: 818.216.4895
Email: Email Me
DRE: 02015583
DRE #01873088
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