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$ 3,595,000
Est. payment | /mo
16 Beds
20 Baths
12,324 SqFt
$ 3,595,000
Est. payment | /mo
16 Beds
20 Baths
12,324 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 12,324 sqft
Price per Sqft $291
MLS Listing ID 26633955
Bedrooms 16
HOA Y/N No
Year Built 1957
Lot Size 0.342 Acres
Property 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.
Location
State CA
County Los Angeles
Area Phht - Park Hills Heights
Zoning LAR3
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Disposal, Refrigerator
Exterior
Parking Features Garage, Gated
Total Parking Spaces 16
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5030012007
Special Listing Condition Standard
Listed by Marcus & Millichap #02038545
Nearby Locations