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$1,150,000
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Property Description
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.
Full Property Details
Full Property Details for 2838 Potomac Ave
General
- Sold For: $1,150,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: DW23068547
- Added to Site: 1, 033 day(s) ago
Rooms
Other Rooms
- Laundry: Common Area
Additional Information
- Pool Description: None
Location
- Area: C34 - Los Angeles Southwest
- County: Los Angeles
- Development Name: C34 - Los Angeles Southwest
- Driving Directions: west of Hillcrest north of 29th st
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Entry Location: 1
- Square Feet: 4,668
- Year Built: 1935
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 4
- Number of Units: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.1343
- Lot Size Source: Assessor
- Zoning: LAR2
- Lot Description: 0-1 Unit/Acre
Financial Considerations
- Price Per Sq. Ft.: $246.36
- Price Per Unit: 275000
Listed by Circle Real Estate, Ricardo Ceballos Jr.
Sold by Avenue Homes, Cesar Leyva
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Schools
Schools serving 2838 Potomac Ave
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Virginia Road Elementary School 2925 Virginia Road, Los Angeles, CA 90016 | K-5 | 0.2 mi |
Johnnie Cochran, Jr., Middle School 4066 Johnnie Cochran Vista, Los Angeles, CA 90019 | 6-8 | 1.2 mi |
Susan Miller Dorsey Senior High School 3537 Farmdale Avenue, Los Angeles, CA 90016 | 9-12 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2838 Potomac Ave
Date
Details
Price
Change
Source
7/19/2023
Sold
$1,150,000
4.55%
MLS
5/19/2023
Price Increased
$1,100,001
—
MLS
4/24/2023
Listed
$1,100,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2838 Potomac Avenue, Los Angeles, CA 90016 (MLS# DW23068547) is a Multi-Family property that was sold at $1,150,000 on July 19, 2023. Want to learn more about 2838 Potomac Avenue? Do you have questions about finding other Multi-Family real estate for sale in Los Angeles? You can browse all Los Angeles real estate or contact a Coldwell Banker agent to request more information.

