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2838 Potomac Avenue
Los Angeles, CA 90016
Sold
2838 Potomac Avenue
Los Angeles, CA 90016
Sold
SHOWING THIS SATURDAY with APPOINTMENT ONLY This charming neighborhood two-story Spanish-style income property is located in the highly West Adams few miles from USC. It offers a great opportunity for a savvy investor to enhance the natural character of this well-located fourplex. The property is ideally suited for investors looking to bring the current rents up to market levels. Each unit is approximately 1,134 sqft The impressive entrance, the first and second floors consist of a 1-bedroom, 1-bathroom unit with a large dining area, and a 2-bedroom, 1-bathroom unit with a nice-sized living area. The second floor is a mirror image of the first floor. All 4 units have their own laundry room inside the unit. The property features a long driveway that leads to the back, where you'll find carports for all the units, providing ample parking space with storage. Situated within the city of Los Angeles in the West Adams area, zoning area of LARD1.5, there may be potential for an additional unit to be built on the property (subject to verification with the city of Los Angeles). It's important to note that this property is subject to the Rent Stabilization Ordinance.
PROPERTY INFORMATION
| MLS # | DW23068547 | Lot Size | 5,850 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Quadruplex |
| Price | $ 1,100,001
Price Per SqFt: $ 236 |
DOM | 789 Days |
| Address | 2838 Potomac Avenue | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 4,668 Sq. Ft. |
| Postal Code | 90016 | Garage | N/A |
| County | Los Angeles | Year Built | 1935 |
| Bed / Bath | 6 / 0 | Parking | 4 |
| Built In | 1935 | Status | Closed |
| Sold Date | 2023-07-19 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Common Area |
| EntryLocation | 1 |
| Entry Level | 1 |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,173
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 07/19/2023 | Sold | $1,150,000 |
| 05/26/2023 | Pending | $1,100,001 |
| 05/19/2023 | Price Change (Relisted) | $1,100,001 |
| 05/07/2023 | Relisted | $1,100,000 |
| 04/24/2023 | Listed | $1,100,000 |
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Listing provided courtesy of Ricardo Ceballos Jr., Circle Real Estate. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
