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Sold for $4,150,000 on 06/05/25
  • Listing Provided by: 

    Cheyenne Womack DRE #02064825 805-973-7470,

    Myunits.com Inc.,

    Lauren Cearley DRE #02146823,

    Myunits.com Inc.

    $4,150,000

    3442 Potomac Ave, Los Angeles, CA 90016

    20beds
    24baths
    9,144sqft
    Multi Family
    Built in 2024
    -- sqft lot
    $4,134,900 Zestimate®
    $454/sqft
    $-- Estimated rent

    What's special

    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!

    Zillow last checked: 7 hours ago

    Listing updated: June 05, 2025 at 11:36am

    Listing Provided by:

    Cheyenne Womack DRE #02064825 805-973-7470,

    Myunits.com Inc.,

    Lauren Cearley DRE #02146823,

    Myunits.com Inc.

    Bought with:

    Gina Lloyd, DRE #01894938

    T.N.G. Real Estate Consultants

    Carlos Barron, DRE #01887430

    T.N.G. Real Estate Consultants

    Source: CRMLS,MLS#: BB25047888MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 20
    • Bathrooms: 24
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Electric Oven, Gas Range, Microwave, Refrigerator, Dryer, Washer
    • Laundry: Washer Hookup, Electric Dryer Hookup, Inside
    Features
    • Open Floorplan, Recessed Lighting, Instant Hot Water
    • Windows: Double Pane Windows
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 9,144
    • Total interior livable area: 9,144 sqft

    Property

    Parking
    • Total spaces: 12
    • Parking features: Garage, Uncovered
    • Garage spaces: 8
    • Uncovered spaces: 4
    Accessibility
    • Accessibility features: None
    Features
    • Levels: Three Or More
    • Stories: 3
    • Entry location: Ground level
    • Exterior features: Lighting
    • Pool features: None
    • Spa features: None
    • Has view: Yes
    • View description: City Lights, Neighborhood
    Lot
    • Size: 9,243 sqft
    • Features: Landscaped
    Details
    • Parcel number: 5046008015
    • Zoning: LAR2
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Modern
    • Property subtype: Multi Family
    Condition
    • Turnkey
    • New construction: Yes
    • Year built: 2024

    Utilities & green energy

    • Electric: Standard
    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Street Lights, Sidewalks
    Location
    • Region: Los Angeles

    HOA & financial

    Other financial information
    • Total actual rent: 26500

    Other

    Other facts
    • Listing terms: Submit
    • Road surface type: Paved
    Services availability
    Get a cash offer in 3 minutes

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    Estimated market value

    $4,134,900

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $4,134,900