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3444 Potomac Ave, Los Angeles, CA 90016
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3444 Potomac Ave Los Angeles, CA 90016

$1,065,000 Sold Price as of 10/02/2023
  • 3 Beds
  • 4 Baths
  • 2,096 Sq.Ft.
Sold
$1,065,000 Sold Price as of 10/02/2023 Refinance Your Mortgage
Map preview of 3444 Potomac Ave, Los Angeles, CA 90016

Property Overview: 3444 Potomac Ave Los Angeles, CA has 3 bedrooms, 4 bathrooms, 2,096 living square feet and 6,037 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The 2 story property boasts a solid unit mix of (3) 1 bed/1 bath and (1) studio units. The building was originally built in 1947 with a total size of 2,096 SF, sitting on 6,037 SF corner lot zoned R3-1 (TOC Tier 3). Two Units to be Delivered Vacant at Close of Escrow. There are 3 total parking spaces. This beautiful 4 unit property was remodeled and offers an investor and/or owner-occupier to acquire a turnkey investment in a strong rental market. Corner location walking distance from the Metro Expo Line off Farmdale Station in the Historic West Adams neighborhood in Los Angeles near Leimert Park, Baldwin Hills, Crenshaw, Culver City, Rancho Cienega Sports Complex, USC, Exposition Park, DTLA, Restaurants & Shops. “Opportunity Zone” Tax Benefit.

Listed by Brian Noh | BRE #01438155 | Nohco Real Estate
Last checked: 8 minutes ago | Last updated: October 2nd, 2023 | Source CRMLS | DOM: 0

Home details

Lot Sq. Ft
6,037
HOA Dues
$0/mo
Year built
1947
Garage
3 Car
Property Type:
Fourplex
Status
Sold
MLS#
OC23111162
City
Los Angeles
County
Los Angeles
Time on Site
228 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 2
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $878
  • Total Rent: $878
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $936
  • Total Rent: $936
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $21,744
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $20,635
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 3444 Potomac Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate
Kitchen Information
  • Has Appliances
  • Gas Range
Interior Features
  • Ceiling Fan(s)
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
Lot Information
  • Lot Features: 2-5 Units/Acre, Corner Lot, Lawn
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 5046008023
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Assessment Information
  • Assessments: None, Buyer to Verify
Location / Neighborhood
Location Information
  • Directions: East of La Brea and North of Exposition
Neighborhood Information
  • Community Features: Curbs, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 3444 Potomac Ave

Last sold for $1,065,000 on October 2nd, 2023

  • October, 2023

  • Oct 2, 2023

    Date

    Sold

    CRMLS: OC23111162

    $1,065,000

    Price

  • Sep 27, 2023

    Date

    Active

    CRMLS: OC23111162

    $1,050,000

    Price

  • August, 2019

  • Aug 5, 2019

    Date

    Sold

    CRMLS: OC19150187

    $980,000

    Price

  • Jul 13, 2019

    Date

    Pending

    CRMLS: OC19150187

    $999,000

    Price

  • Jul 9, 2019

    Date

    Active Under Contract

    CRMLS: OC19150187

    $999,000

    Price

  • Jun 26, 2019

    Date

    Active

    CRMLS: OC19150187

    $999,000

    Price

  • Listing provided courtesy of CRMLS

    3444 Potomac is located walking distance from the Metro Expo Line off Farmdale Station in the Historic West Adams neighborhood in Los Angeles. This beautiful 4 unit property was remodeled and offers an investor and/or owner-occupier to acquire a turnkey investment in a strong rental market. The 2 story property boasts a solid unit mix of (3) 1 bed/1 bath and (1) studio units. One Unit to be Delivered Vacant at Close of Escrow The building was originally built in 1947 with a total size of 2,096 SF, sitting on 6,037 SF corner lot zoned R3-1 (TOC Tier 3) allowing for a developer to build up to 14 units in a Transit Oriented Corridor near the Metro while also capitalizing on tax benefits within an "Opportunity Zone." Prime Location in West Adams near Leimert Park, Baldwin Hills, Crenshaw, Culver City, Rancho Cienega SportsComplex, USC, Exposition Park, DTLA, Staples Center, LA Live, Restaurants & Shops

  • August, 2019

  • Aug 2, 2019

    Date

    Sold (Public Records)

    Public Records

    $980,000

    Price

  • July, 2017

  • Jul 14, 2017

    Date

    Sold (Public Records)

    Public Records

    $623,600

    Price

Show More

Tax History for 3444 Potomac Ave

Assessed Value (2020): $980,000
Year Land Value Improved Value Assessed Value
2020 $740,000 $240,000 $980,000

Home Value Compared to the Market

This property vs the competition

3444 Potomac Ave sold on October 2, 2023 for 11.76% lower 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 $500.95 per/sqft which puts the price per square foot 33.65% lower than the current median sale per square foot for the city of Los Angeles.

About 3444 Potomac Ave

Detailed summary of property

3444 Potomac Ave is a fourplex that recently sold in Los Angeles, CA 90016. This fourplex offered 3 bedrooms, 4 bathrooms, roughly 2,096 living square feet, and sits on an approximately 6,037 square foot lot. 3444 Potomac Ave was first listed on ArdentRealEstateGroup.com on September 28, 2023. The homeowner sold the property for $1,065,000. 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 11.76% lower than the current median priced home. Local homes that are currently for sale include 5346 Smiley Dr, 5435 Smiley Dr and 2609 W 30th St. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 3444 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 3444 Potomac Ave

Public county record property details
Beds
--
Baths
--
Year built
1947
Sq. Ft.
2,096
Lot Size
6,037
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
208
APN
5046-008-023

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
$1,099,000
Median List Price/Sq.Ft.
$774
Median Sold Price
$885,000
Median Sold Price/Sq.Ft.
$699
Total Inventory
77
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?

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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.

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