Active
3442 Potomac AVE
LOS ANGELES CA, 90016
$4,195,000
$458.77 per sqft
Active
20 Beds
24 Baths
9,144 sqft
Multi-family
Built in 2024
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!
BB25047888MR
MLSⓇ ID
March 6, 2025
Listed
March 7, 2025
Updated
Interior Features
Total Stories
3
Bedrooms
20
Total Bathrooms
24
Appliances
Dishwasher, Dryer, Dryer Included, Electric Dryer Hookup, Hookup - Electric, Inside, Microwave, Refrigerator, Washer, Washer Hookup, Washer Included
Laundry Description
Dryer, Dryer Included, Electric Dryer Hookup, Hookup - Electric, Inside, Washer, Washer Hookup, Washer Included
Fireplace
No
Fireplace Description
None
Cooling
Yes
Cooling Description
Central
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.21 Acres
Sewer
Public Sewer
Window
Double Pane Windows
Other Property Details
Area Name
Mid Los Angeles
Taxes
$50,315
Tax Frequency
Annually
Garage
Yes
Garage Spaces
8
Parking
Garage, Uncovered
Parking Total
12
View
Yes
View Description
City Lights
County
Los Angeles
Water Source
Public
Pool Features
None
Zoning
LAR2
Listed by Elizabeth Maddox with Myunits.com Inc.
Listing Contact: 818-850-8485
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor GIA CASTY | CA DRE# 01520830 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2025 Combined L.A./Westside MLS. All rights reserved.
Data last updated 3/7/2025