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3867 Potomac Avenue, Los Angeles, CA 90008
Priced at Only: $3,595,000
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Address: 3867 Potomac Avenue, Los Angeles, CA 90008
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  • MLS#: 26633955 ( )
  • Street Address: 3867 Potomac Avenue
  • Viewed: 2
  • Price: $3,595,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1957
  • Bldg sqft: 0
  • Days On Market: 69
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90008
  • Provided by: Marcus & Millichap
  • Contact:
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    We are pleased to present 3867 Potomac Avenue in Los Angeles, CA, a 20 unit apartment building offering strong in place income and value add potential. The property features a unit mix of 16 one bedroom units and four studio apartments, with 16 on site parking spaces, providing immediate cash flow with upside through unit upgrades and operational efficiencies. Recent capital improvements include a new roof (2022), soft story seismic retrofit (2021), upgraded unit sub panels (2021), and plumbing improvements (2016), ensuring a solid operational foundation. Located in the highly desirable Baldwin Village / South Los Angeles submarket near the Crenshaw Corridor and Leimert Park, the asset benefits from ongoing redevelopment, transit accessibility, and strong renter demand making it an ideal opportunity for investors seeking long term appreciation in a growing market. For more information, please reach out.
Features
Appliances
  1. Disposal
  2. Refrigerator
Building Area Total
  1. 12324.00
Cooling
  1. None
Country
  1. US
Heating
  1. Wall Furnace
Levels
  1. Two
Netoperatingincome
  1. 258034.00
Parcel Number
  1. 5030012007
Parking Features
  1. Garage
  2. Gated
Postalcodeplus4
  1. 1618
Sourcesystemkey
  1. 26633955:CLAW
Totalexpenses
  1. 117719.00
Year Built
  1. 1957
Zoning
  1. LAR3
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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