2931 Potomac Ave, Los Angeles, CA 90016
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2931 Potomac Ave Los Angeles, CA 90016

$3,500 Leased Price as of 08/17/2023
  • 2 Beds
  • 1 Baths
  • 1,006 Sq.Ft.
Leased
$3,500 Leased Price as of 08/17/2023 Refinance Your Mortgage

Map preview of 2931 Potomac Ave, Los Angeles, CA 90016

Property Overview: 2931 Potomac Ave Los Angeles, CA has 2 bedrooms, 1 bathrooms, 1,006 living square feet and 5,850 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Welcome to BEST PRICED single family home in all of West Adams & Jefferson Park! This charming 1920s Spanish bungalow has been lovingly restored and is now available for new tenants seeking a perfect blend of old-world charm and modern convenience. Step inside and be captivated by the elegant ambiance. The bungalow boasts large windows that flood the space with natural light and the gleaming hardwood floors that carry the character of its era. The interior is adorned with antiques, fascinating books, and original artwork sourced from around the globe, making it a truly unique living space that sparks curiosity and inspiration. The living experience doesn't end there. Step out into the gated, massive, private backyard and discover a tranquil oasis, complete with a delightful pergola-covered patio. This enchanting spot is tailor-made for Southern California's outdoor living, allowing you to relax and unwind in privacy and of course the location couldn't be more ideal. Centrally located in the heart of LA, this bungalow is just four short blocks away from a convenient metro stop! The Expo Line provides effortless access to both downtown LA and the coastal gems of Culver City, Santa Monica, and Venice Beach. For those with a car, worry not, as the property offers ample onsite parking for up to 4 cars (2 in front of the gate and 2 behind driveway gate). Whether you're a remote worker or simply need a productive space at home, the bungalow has got you covered with multiple good desk/workspace options. The fully equipped kitchen ensures you have everything you need to whip up delightful meals, and the bathroom offers modern amenities for your convenience. No more trips to the laundromat, as the property includes a very nice washer and dryer within its laundry room. If you're seeking a home that seamlessly combines the elegance of the past with the comforts of today, this Spanish bungalow is the perfect fit for you. Embrace the enchanting atmosphere, the prime location, and the practical amenities as you make this exquisite property your new abode in Los Angeles. Don't miss this opportunity in a true gem of a home and start living your dream lifestyle in this charming, historically rich, and thoughtfully upgraded 1920s Spanish bungalow. Welcome to your Southern California sanctuary!

Listed by Christopher Kiros | BRE #01939025 | Coldwell Banker Residential Brokerage
Last checked: 13 minutes ago | Last updated: October 12th, 2023 | Source CRMLS | DOM: 7

Home details

Lot Sq. Ft
5,850
HOA Dues
$0/mo
Year built
1924
Garage
1 Car
Property Type:
Single Family Home
Status
Leased
MLS#
23297289
City
Los Angeles
County
Los Angeles
Time on Site
414 days

Property Details for 2931 Potomac Ave

Interior Features
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included, Individual Room, Inside
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Wood, Tile
  • Entry, Walk-In Closet, Living Room
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Microwave, Refrigerator
Bathroom Information
  • # of Baths (Full): 1
  • # of Baths (1/2): 0
  • # of Baths (1/4): 0
  • # of Baths (3/4): 0
Interior Features
  • Ceiling Fan(s)
Exterior Features
Exterior Information
  • Other Structures: Gazebo
  • No Spa
  • Spa Features: None
Exterior Features
  • Has Patio
  • No Pool
  • Pool Features: None
  • Covered
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Driveway, Guest
Property Information
  • Has View
  • View: City Lights
  • Parcel Number: 5057018016
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Between S. La Brea & Crenshaw, North of Jefferson
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Sale History for 2931 Potomac Ave

Last leased for $3,500 on August 17th, 2023
  • August, 2023

  • Aug 17, 2023

    Date

    Leased

    CRMLS: 23297289

    $3,500

    Price

  • Aug 10, 2023

    Date

    Active

    CRMLS: 23297289

    $3,450

    Price

  • July, 2018

  • Jul 27, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • November, 2003

  • Nov 19, 2003

    Date

    Sold (Public Records)

    Public Records

    $294,000

    Price

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Tax History for 2931 Potomac Ave

Assessed Value (2020): $382,198
Year Land Value Improved Value Assessed Value
2020 $270,791 $111,407 $382,198

Home Value Compared to the Market

This property vs the competition

2931 Potomac Ave has recently been leased in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment.

About 2931 Potomac Ave

Detailed summary of property

2931 Potomac Ave is a single family home that was recently leased in Los Angeles, CA 90016. This house offered 2 bedrooms, 1 bathrooms, roughly 1,006 living square feet, and sits on an approximately 5,850 square foot lot. 2931 Potomac Ave was first listed on ArdentRealEstateGroup.com on August 3, 2023. The homeowner leased the property for $3,500. While the average home in Los Angeles, CA is selling in 106 days, 2931 Potomac Ave has a days on market of 7 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. Local homes that are currently for sale include 2231 S Longwood Ave, 2231 S Longwood Ave and 2820 S La Brea Ave. For more information on this home for lease at 2931 Potomac Ave Los Angeles, CA 90016 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2931 Potomac Ave

Public county record property details
Beds
2
Baths
1
Year built
1924
Sq. Ft.
1,006
Lot Size
5,849
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
638
APN
5057-018-016

The source for these homes facts are from public records.

90016 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,000,000
Median List Price/Sq.Ft.
$714
Median Sold Price
$1,012,000
Median Sold Price/Sq.Ft.
$691
Total Inventory
80
Median Sale to List Price %
101.2%
Avg Days on Market
35
Loan Type
Conventional (17.65%), FHA (0%), VA (0%), Cash (11.76%), Other (0%)

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Related Resources to 2931 Potomac Ave

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.