Property listed by Marcus & Millichap, 424-405-3900
$3,595,000
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… Read More 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. Read Less
Listing Snapshot
Days Online
8
Last Updated
Beds
16
Square Ft.
12,324
Lot Size
0.34 Acres
Year Built
1957
MLS Number
26633955
Additional Details
Appliances & Equipment
Disposal, Refrigerator
Building
Built in 1957, Living area: 12324.0, 1 building, 2 stories, Levels: Two
Cooling
None
Heating
WallFurnace
Income
Gross Income: $384,282, Net Operating Income: $258,034
Lot
0.3424 acres
Parking
16 total parking spaces, Garage, Gated
Taxes
Parcel Number: 5030012007, Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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