2 months on rocket

3438 Potomac Ave, Los Angeles, CA, 90016

$4,495,000

0 Baths
Condo

Location

Image provided by Mapbox

Property Highlights

Home TypeCondominium
ParkingDoor-Multi, Door-Single, Garage Faces Front, Garage, Gated, Garage Faces Rear
Garage8 spaces
Year BuiltNew Const., 2024
HeatingCentral
CoolingCentral Air
FireplaceNone
ViewCity Lights, Neighborhood
MLS #BB24185573
Lot Size0.21 Acres
StatusActive

About 3438 Potomac Ave

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!

Property Details

Property Features

Property Information:

  • Architectural Style: Modern
  • Year Built: 2024
  • Stories: 3

Listing Office:

  • Office Name: Myunits.com Inc.
  • Office Phone: (818) 850-8485
  • Listing Agent: Elizabeth Maddox

Interior Features

Interior Information:

  • Appliances: Dishwasher, Freezer, Disposal, Gas Oven, Gas Range, Microwave
  • Flooring Type: Vinyl
  • Fireplace: None

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: City Lights, Neighborhood

Parking Information:

  • Garage Space: 8 spaces
  • Parking: Door-Multi, Door-Single, Garage Faces Front, Garage, Gated, Garage Faces Rear

Virtual/3D Tour

  • Virtual Tour: 3438 Potomac Ave
Virtual Tour

Lot Features

Lot Information:

  • Lot: Back Yard, Landscaped
  • Lot Size: 0.21 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Heading West on Exposition Blvd, make a right on to Potomac Ave. Property will be on your right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $4,495,000

Tax Information:

  • Annual Amount: $2,372
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1542

3438 Potomac Ave vs Los Angeles

73 DAYS ON ROCKET

+35 Days

$4,495,000

+$3.4M More

KEY TAKEAWAY

This property is $3.4M more than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #BB24185573

Listing Office:

  • Office Name: Myunits.com Inc.
  • Office Phone: (818) 850-8485
  • Listing Agent: Elizabeth Maddox

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/22/2024, 10:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$2,372$175,067
2020$2,307$173,273
2019$2,231$169,876
2018$2,188$166,546
2017$2,188$163,281

History based on county public records data.

Payment Calculator

$22.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$13.5K

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-590783
6
/10
  • Virginia Road Elementary

  • 2925 Virginia Rd

  • 0.33 miles

  • Public District Grades KG-5

school-card-donut-590784
4
/10
  • Coliseum Street Elementary School

  • 4400 Coliseum St

  • 0.44 miles

  • Public District Grades PK-5

school-card-donut-590785
4
/10
  • Stella Elementary Charter Academy

  • 2636 S Mansfield Ave

  • 0.70 miles

  • Public Charter Grades KG-3

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $37,298. The majority of Los Angeles, CA residents have income less than $35k annually. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 3438 Potomac Ave

What is the listing price of this property?

The listing price of 3438 Potomac Ave property is $4,495,000.

What type of property is this?

The property 3438 Potomac Ave is a condo located in Los Angeles, California, 90016.

Is this property for sale now?

Active Listing: 3438 Potomac Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $2,372 (source: MLS/based on county public records data).

Which year was this property built?

The year of construction for 3438 Potomac Ave is 2024.
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Rocket HomesCaliforniaLos Angeles CountyLos Angeles900163438 Potomac Ave

This home is located at 3438 Potomac Ave in Los Angeles, CA and zip code 90016 in the South LA neighborhood. This home, which was built in 2024, sits on a 0.21 acre lot. It has been listed on Rocket Homes since September 09, 2024 and is currently priced at $4,495,000.

In October 2024, from all listings sold in Los Angeles, CA there were more than 598 sold above asking price, over 753 sold below and more than 191 were sold right at the asked price. Between September 2024 and October 2024, Los Angeles, CA real estate market has seen increase in the number of listings by 11.2%. While the average time on the market in October 2024 was 38 days, the median list price was $1,023,474.

From Rocket Homes Real Estate and based on county public records data.

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