3438 Potomac Ave, Los Angeles, CA 90016
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3438 Potomac Ave Los Angeles, CA 90016

$4,695,000
  • 20 Beds
  • 22 Baths
  • 9,144 Sq.Ft.
For Sale
$4,695,000 Get Pre-Qualified

Map preview of 3438 Potomac Ave, Los Angeles, CA 90016

Property Overview: 3438 Potomac Ave Los Angeles, CA has 20 bedrooms, 22 bathrooms, 9,144 living square feet and 9,246 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: We are proud to exclusively present for sale a 100% Brand New Construction, Non-Rent Controlled 6 Unit Residential Project consisting of 3 Duplexes in the heart of West Adams. There is the potential to convert garages into ADUs, Buyer to investigate. This property is not subject to LA City nor State Rent Control. With Condo-Level Finishes and Top-of-the-Line Appliances, these generous units have at least one full bathroom per bedroom. Consisting of two 4+4s, two 3+4s and two 3+3.5s, there are a total of 12 parking spaces on site, including four private garages. Spacious living rooms with guest bathrooms and open kitchens are found on the second floor, with all units having bedrooms on the ground floor and third floor, and the front units having a bedroom on the second floor as well. Each bathroom features their own modern tile; the front units have walk-in closets. Stackable laundry connections in every home, the front units also feature covered balconies. All units will share the outdoor space in the back of the property. Less than a quarter mile to the Farmdale Station of the Expo / E Metro Lightrail Line, hop on a train and head to Santa Monica or DTLA! Or stay in the area and enjoy what this central West Adams location has to offer, with parks, restaurants, shopping, nightlife and more within a short walk. The massive change that has happened in the area in recent years has also brought more jobs. Get breakfast at Highly Likely, swing by the Thinkspace Project Gallery, spend the afternoon at Rancho Cienega Recreation Centeror hop on the Metro and be at the beach in no time at all! These homes have what your future tenants desire! The property is in an Opportunity Zone!

Listed by Dario Svidler | BRE #01884474 | Keller Williams Beverly Hills
Last checked: 14 minutes ago | Last updated: May 7th, 2024 | Source CRMLS | DOM: 75
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Home details

Lot Sq. Ft
9,246
HOA Dues
$0/mo
Year built
2024
Garage
8 Car
Property Type:
Multi Family
Status
Active
MLS#
24385585
City
Los Angeles
County
Los Angeles
Time on Site
80 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 4
  • # of Baths: 4
  • Furnishing: Unfurnished
  • Total Rent: $0
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 4
  • Furnishing: Unfurnished
  • Total Rent: $0
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Total Rent: $0
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 3438 Potomac Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Three Or More
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 8
  • # of Parking Spaces: 12
  • Has Parking
  • Parking Features: Side by Side, Tandem Garage, Private, Assigned
Property Information
  • Total # of Units: 6
  • Parcel Number: 5046008015
  • Year Built Source: Builder
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: West Adams - Just north of the Exposition Metro Line - East of La Brea.
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Sale History for 3438 Potomac Ave

Last sold on October 13th, 2015
  • April, 2024

  • Apr 29, 2024

    Date

    Active

    CRMLS: 24385585

    $4,695,000

    Price

  • October, 2015

  • Oct 13, 2015

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • November, 2012

  • Nov 2, 2012

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 3438 Potomac Ave

Assessed Value (2020): $173,273
Year Land Value Improved Value Assessed Value
2020 $156,133 $17,140 $173,273

Home Value Compared to the Market

This property vs the competition

3438 Potomac Ave is listed 291.25% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $513.45 per/sqft which puts the price per square foot 33.58% lower than the median price per square foot for the city of Los Angeles.

About 3438 Potomac Ave

Detailed summary of property

3438 Potomac Ave is a multi family located in Los Angeles, CA 90016 and is currently for sale. This multi family property offers 20 bedrooms, 22 bathrooms, roughly 9,144 living square feet, and sits on an approximately 9,246 square foot lot. 3438 Potomac Ave was first listed on ArdentRealEstateGroup.com on April 29, 2024. The homeowner is currently asking $4,695,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 291.25% higher than the median priced home. Local competing homes currently for sale include 3236 W 60th St, 1271 W 39th Pl and 211 S Poinsettia Pl. While the average home in Los Angeles, CA is selling in 101 days, 3438 Potomac Ave has a days on market of 75 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2723 of them are single family homes while 1208 of them are condos and 114 are townhomes. For more information on this home for sale at 3438 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 3438 Potomac Ave

Public county record property details
Beds
2
Baths
1
Year built
1926
Sq. Ft.
936
Lot Size
9,242
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
200
APN
5046-008-015

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
$1,095,000
Median List Price/Sq.Ft.
$744
Median Sold Price
$1,125,000
Median Sold Price/Sq.Ft.
$704
Total Inventory
76
Median Sale to List Price %
102.27%
Avg Days on Market
26
Loan Type
Conventional (15.38%), FHA (0%), VA (0%), Cash (0%), Other (23.08%)

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Related Resources to 3438 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.