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3031 Potomac Ave, Los Angeles, CA 90016
$1,602,000
3031 Potomac Ave, Los Angeles, CA 90016View this property at 3031 Potomac Ave, Los Angeles, CA 90016
3031 Potomac AveLos AngelesCA90016
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Property Description
This property is a rare income opportunity! Welcome to a private oasis nestled in the heart of West Adams - this 1920s reimagined Spanish bungalow has been meticulously remodeled from top to bottom and offers a quintessential California living experience. As you approach the property, you are greeted by the front yard, enclosed by towering 8ft. tall hedges, providing extra privacy. The landscape design, boasting olive trees, jasmine, and agave plants, creates a serene yardscape that invites you to relax and unwind at the end of the day. Stepping through the front door, you are welcomed into a sun-soaked open-concept living room, dining area, and kitchen - a seamless blend of style and functionality that sets the stage for effortless entertaining. The craftsmanship is evident in the custom dark chocolate Jeld-Wen windows, which complement the custom white and dark oak cabinets, top-of-the-line Bertazzoni appliances, and exquisite Calacatta Viola marble countertops. The laundry room off the kitchen includes a brand-new Samsung washer and dryer. The hallway leads to two ample-sized bedrooms, each offering a cozy retreat and a hall bath adorned with marble counters, a curbless shower, custom vanities, and Italian porcelain tiles. The stunning primary bedroom adorned with designer sconces, features a spacious custom walnut-cabinetry walk-in closet. The en-suite bathroom showcases dual vanity plus marble counters, a large curbless shower, custom white oak cabinets, and Italian porcelain tiles, creating a luxurious sanctuary. Venture to the back of the property, and you'll discover a brand-new detached three-bedroom, one-bath ADU. This modern addition promises versatile living options. The ADU's open-concept living, dining, and kitchen area boasts the same beautiful Jeld-Wen windows, custom white oak cabinets, and elegant quartz countertops, with top-tier Kitchenaid appliances. Upgrades include new electrical + panel, new plumbing, new HVAC system, new sump pump, new tankless water heater, new insulation and drywall, newly poured driveway with turf inserts, new drip lines throughout the property, and new fencing. The possibilities are endless here. Live in one and rent out the other to offset your mortgage payment or perhaps make this your first income property and enjoy the benefit of two extra rental incomes! The main house has 3 beds and 2 baths measuring 1,513 SQ FT, the ADU with its own address has 3 beds/1 bath and measures 856 SQ FT. Super central location with close proximity to Culver City, DTLA, USC Village, the Expo and Crenshaw metro lines, and of course all the many hotspots in West Adams & Jefferson Park such as Highly Likely, Party Beer Co., Johnny Pastrami, Alta, Mizlala, Vicky's All Day, Delicious Pizza and more. Welcome Home!
Full Property Details
Full Property Details for 3031 Potomac Ave
General
- Sold For: $1,602,000
- Status: Closed
- Type: Single Family
- MLS ID: 23-297151
- Added to Site: 285 day(s) ago
Interior
- Rooms/Areas: Living Room, Dining Room, Walk-In Closet, Master Bedroom, Guest House
- Furnishings: Unfurnished
- Flooring: Engineered Hardwood, Tile
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 6
Other Rooms
- Laundry: Room
Additional Information
- Pool Description: None
- Spa Description: None
- Other Features: Accessory Dwelling Unit
Parking
- Garage Description: Driveway
Location
- Area: Mid Los Angeles
- County: Los Angeles
- Driving Directions: La Brea to Jefferson to Potomac
Heating & Cooling
- Cooling Type: Central
- Heating Type: Central
Structural Information
- Architectural Style: Spanish
- Structure Type: Single Family Residence
- Common Walls: Detached/No Common Walls
- Stories/Levels: 1
- Square Feet: 2,369
- Sq. Ft. Source: Owner
- Year Built: 1925
- Year Built Source: Vendor Enhanced
Additional Structures
- Other Structures: Accessory Dwelling Unit
Lot Features
- Lot Size (Acres): 0.1194
- Lot Size: 5200
- Lot Size Source: Vendor Enhanced
- Lot Dimensions: 40 x 130
- Zoning: LAR1
Financial Considerations
- Price Per Sq. Ft.: $632.76
- Assessment Year: 1925
Disclosures and Reports
- Disclosures/Reports: Listing Broker Advantage
- APN: 5057-021-015
Listed by ACME Real Estate, Silke Fernald and ACME Real Estate, Marlena Maidhof
Sold by KW Advisors, Shannon Shue
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Schools
Schools serving 3031 Potomac Ave
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
2925 Virginia Rd, Los Angeles, CA 90016 | K-5 | 0.3 mi | |
4066 W Johnnie Cochran Vista, Los Angeles, CA 90019 | 6-8 | 1.5 mi | |
3537 Farmdale Ave, Los Angeles, CA 90016 | 9-12 | 0.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3031 Potomac Ave
Date
Details
Price
Change
Source
3/22/2024
Sold
$1,602,000
6.87%
MLS
12/18/2023
Price Reduced
$1,499,000
-11.77%
MLS
8/03/2023
Listed
$1,699,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
3031 Potomac Ave, Los Angeles, CA 90016 (MLS# 23-297151) is a Single Family property that was sold at $1,602,000 on March 22, 2024. Want to learn more about 3031 Potomac Ave? Do you have questions about finding other Single 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.