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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$4,195,000

Est. payment - /mo

9,243 Sqft Lot

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Key Details

Property Type Condo

Sub Type Apartment

Listing Status Pending

Purchase Type For Sale

MLS Listing ID BB25047888

Construction Status Turnkey

HOA Y/N No

Year Built 2024

Annual Tax Amount $50,315

Lot Size 9,243 Sqft

Property Sub-Type Apartment

Property Description

3442 Potomac Ave is a brand-new construction 6-unit building located in trendy West Adams, set on an enormous 9,000+ sq. ft. lot just steps from popular destinations like Highly Likely Cafe, Thinkspace Gallery, and The Bar at Johnny's. This prime location offers incredible lifestyle appeal, attracting A+ tenants quickly due to the limited inventory and high demand in the area. The property delivers an excellent projected 5.84% cap rate and $317,000 in annual gross rent, making it a one-of-a-kind investment opportunity.

The building features an ideal unit mix with two 4-bed/4-bath units, two 3-bed/4-bath units, and two 3-bed/3.5-bath units, all boasting large open floor plans, ultra-trendy interiors and upgraded finishes. The property offers ample parking (with two spaces per unit), adding to its tenant-friendly appeal.

Beyond the strong rental income potential, buyers will enjoy drought-tolerant landscaping, a 1-year builder's warranty, brand-new everything, minimal maintenance, and separate meters for gas, water, and electric. With its prime location, high-end design, and long-term desirability, this is an exceptional investment opportunity in one of Los Angeles' most dynamic rental markets. This opportunity will not last long!

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LAR2

Interior

Interior Features Open Floorplan, Recessed Lighting, Instant Hot Water

Heating Central

Cooling Central Air

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Electric Oven, Gas Range, Microwave, Refrigerator, Dryer, Washer

Laundry Washer Hookup, Electric Dryer Hookup, Inside

Exterior

Exterior Feature Lighting

Parking Features Garage, Uncovered

Garage Spaces 8.0

Garage Description 8.0

Pool None

Community Features Street Lights, Sidewalks

View Y/N Yes

View City Lights, Neighborhood

Accessibility None

Total Parking Spaces 12

Private Pool No

Building

Lot Description Landscaped

Story 3

Entry Level Three Or More

Sewer Public Sewer

Water Public

Architectural Style Modern

Level or Stories Three Or More

New Construction Yes

Construction Status Turnkey

Others

Senior Community No

Tax ID 5046008015

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Standard

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Listed by Cheyenne Womack • Myunits.com Inc. • 805-973-7470

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3442 Potomac AVE Los Angeles, CA 90016