3442 Potomac AVE Pending Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90016
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CRBB25047888
Style Contemporary
Year Built 2024
Lot Size 9,243 Sqft
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
Rooms
Kitchen Dishwasher,Microwave,Oven Range - Gas,Refrigerator,Oven - Electric
Interior
Heating Central Forced Air
Cooling Central AC
Laundry 30,Other,Washer,Dryer,9
Exterior
Parking Features Garage,Uncovered Parking
Garage Spaces 12.0
Pool 31,None
View Local/Neighborhood,City Lights
Building
Story Three or More Stories
Water Hot Water,District - Public
Others
Special Listing Condition Not Applicable