3031 Potomac Ave, Los Angeles, CA 90016
Image 2 for 3031 Potomac Ave, Los Angeles, CA 90016
Image 3 for 3031 Potomac Ave, Los Angeles, CA 90016
View Photos

3031 Potomac Ave Los Angeles, CA 90016

$1,602,000 Sold Price as of 03/22/2024
  • 6 Beds
  • 3 Baths
  • 2,369 Sq.Ft.
Sold
$1,602,000 Sold Price as of 03/22/2024 Refinance Your Mortgage

Map preview of 3031 Potomac Ave, Los Angeles, CA 90016

Property Overview: 3031 Potomac Ave Los Angeles, CA has 6 bedrooms, 3 bathrooms, 2,369 living square feet and 5,200 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This property is a rare income opportunity! Welcome to a private oasis nestled in the heart of West Adams - this 1920s reimagined Spanish bungalow has been meticulously remodeled from top to bottom and offers a quintessential California living experience. As you approach the property, you are greeted by the front yard, enclosed by towering 8ft. tall hedges, providing extra privacy. The landscape design, boasting olive trees, jasmine, and agave plants, creates a serene yardscape that invites you to relax and unwind at the end of the day. Stepping through the front door, you are welcomed into a sun-soaked open-concept living room, dining area, and kitchen - a seamless blend of style and functionality that sets the stage for effortless entertaining. The craftsmanship is evident in the custom dark chocolate Jeld-Wen windows, which complement the custom white and dark oak cabinets, top-of-the-line Bertazzoni appliances, and exquisite Calacatta Viola marble countertops. The laundry room off the kitchen includes a brand-new Samsung washer and dryer. The hallway leads to two ample-sized bedrooms, each offering a cozy retreat and a hall bath adorned with marble counters, a curbless shower, custom vanities, and Italian porcelain tiles. The stunning primary bedroom adorned with designer sconces, features a spacious custom walnut-cabinetry walk-in closet. The en-suite bathroom showcases dual vanity plus marble counters, a large curbless shower, custom white oak cabinets, and Italian porcelain tiles, creating a luxurious sanctuary. Venture to the back of the property, and you'll discover a brand-new detached three-bedroom, one-bath ADU. This modern addition promises versatile living options. The ADU's open-concept living, dining, and kitchen area boasts the same beautiful Jeld-Wen windows, custom white oak cabinets, and elegant quartz countertops, with top-tier Kitchenaid appliances. Upgrades include new electrical + panel, new plumbing, new HVAC system, new sump pump, new tankless water heater, new insulation and drywall, newly poured driveway with turf inserts, new drip lines throughout the property, and new fencing. The possibilities are endless here. Live in one and rent out the other to offset your mortgage payment or perhaps make this your first income property and enjoy the benefit of two extra rental incomes! The main house has 3 beds and 2 baths measuring 1,513 SQ FT, the ADU with its own address has 3 beds/1 bath and measures 856 SQ FT. Super central location with close proximity to Culver City, DTLA, USC Village, the Expo and Crenshaw metro lines, and of course all the many hotspots in West Adams & Jefferson Park such as Highly Likely, Party Beer Co., Johnny Pastrami, Alta, Mizlala, Vicky's All Day, Delicious Pizza and more. Welcome Home!

Listed by Silke Fernald | BRE #01943657 | ACME Real Estate
Co-listed by Marlena Maidhof | BRE #01968789 | ACME Real Estate
Last checked: 15 minutes ago | Last updated: March 22nd, 2024 | Source CRMLS | DOM: 116

Home details

Lot Sq. Ft
5,200
HOA Dues
$0/mo
Year built
1925
Garage
--
Property Type:
Single Family Home
Status
Sold
MLS#
23297151
City
Los Angeles
County
Los Angeles
Time on Site
287 days

Property Details for 3031 Potomac Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included, Individual Room
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Tile
  • Living Room, Walk-In Closet, Primary Bathroom, Guest/Maid's Quarters
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Refrigerator
Bathroom Information
  • # of Baths (Full): 3
  • # of Baths (1/2): 0
  • # of Baths (1/4): 0
  • # of Baths (3/4): 0
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Driveway
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Parcel Number: 5057021015
  • Architectural Style: Spanish
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: La Brea to Jefferson to Potomac
View more facts & features

Local Los Angeles Agent

Loading...

Sale History for 3031 Potomac Ave

Last sold for $1,602,000 on March 22nd, 2024
  • March, 2024

  • Mar 22, 2024

    Date

    Sold

    CRMLS: 23297151

    $1,602,000

    Price

  • Aug 3, 2023

    Date

    Active

    CRMLS: 23297151

    $1,699,000

    Price

  • July, 2020

  • Jul 24, 2020

    Date

    Sold

    CRMLS: 20565748

    $705,000

    Price

  • Apr 21, 2020

    Date

    Pending

    CRMLS: 20565748

    $699,000

    Price

  • Mar 20, 2020

    Date

    Active

    CRMLS: 20565748

    $699,000

    Price

  • Listing provided courtesy of CRMLS

    Fantastic Spanish home located in one of the hottest neighborhoods of Los Angeles, West Adams!! With lots of charming details, high ceilings, and natural light this home is a blank canvas perfect for an investor or owner user to make it their own. The living and dining room have a nice flow with arched walkways and ceilings that open to a very spacious kitchen with its own laundry room. Two nice sized airy bedrooms share a bathroom with eye catching period details. Spacious back yard is perfect for entertaining and has plenty of room to add an ADU. Just two blocks away from the Expo line this home is a true gem at an incredible price.

  • July, 2020

  • Jul 23, 2020

    Date

    Sold (Public Records)

    Public Records

    $705,000

    Price

  • September, 2019

  • Sep 18, 2019

    Date

    Canceled

    CRMLS: 19507976

    $699,000

    Price

  • Sep 6, 2019

    Date

    Active

    CRMLS: 19507976

    $699,000

    Price

  • Listing provided courtesy of CRMLS

    Sweet cottage in the heart of Mid-city. This lovely Spanish two bedrooms two bath home is clean and airy with lots of natural light. Sits on a great street amongst well-manicured homes. Spacious kitchen and laundry room. There is a formal living room with flow to a formal dining room. There are original crown moldings and many period features. Detached two-car garage and spacious yard.

  • June, 2005

  • Jun 24, 2005

    Date

    Sold (Public Records)

    Public Records

    $430,000

    Price

Show More

Tax History for 3031 Potomac Ave

Assessed Value (2020): $548,049
Year Land Value Improved Value Assessed Value
2020 $438,443 $109,606 $548,049

Home Value Compared to the Market

This property vs the competition

3031 Potomac Ave sold on March 22, 2024 for 25.97% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $632.76 per/sqft which puts the price per square foot 16.19% lower than the current median sale per square foot for the city of Los Angeles.

About 3031 Potomac Ave

Detailed summary of property

3031 Potomac Ave is a single family home that recently sold in Los Angeles, CA 90016. This house offered 6 bedrooms, 3 bathrooms, roughly 2,369 living square feet, and sits on an approximately 5,200 square foot lot. 3031 Potomac Ave was first listed on ArdentRealEstateGroup.com on August 3, 2023. The homeowner sold the property for $1,602,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 25.97% higher than the current median priced home. Local homes that are currently for sale include 3876 Edgehill Dr, 5155 W Redondo Court and 4201 Don Diablo Dr. While the average home in Los Angeles, CA is selling in 94 days, 3031 Potomac Ave has a days on market of 116 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 3031 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 3031 Potomac Ave

Public county record property details
Beds
2
Baths
1
Year built
1925
Sq. Ft.
1,008
Lot Size
5,199
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
32
APN
5057-021-015

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
$1,060,000
Median List Price/Sq.Ft.
$740
Median Sold Price
$885,000
Median Sold Price/Sq.Ft.
$699
Total Inventory
76
Median Sale to List Price %
98.44%
Avg Days on Market
30
Loan Type
Conventional (21.05%), FHA (0%), VA (0%), Cash (10.53%), Other (10.53%)

Thinking of Selling?


Image Description
Is this your property?
Thinking of Selling?

Call, Text or Message

Related Resources to 3031 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.