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3867-3885 Potomac Ave
Los Angeles, CA 90008
Multifamily Property For Sale
·
20 Units
Investment Highlights
- Strong In-Place Income
- Near Crenshaw Corridor and Leimert Park
- 16 Parking Spaces
- Value-Add Opportunity
Executive Summary
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.
Property Facts
| Price Per Unit | $244,552 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 7.18% | Lot Size | 0.34 AC |
| Gross Rent Multiplier | 9.36 | Building Size | 12,324 SF |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1957 |
| Property Subtype | Apartment | ||
| Zoning | R3, Los Angeles - Residential | ||
| Price Per Unit | $244,552 CAD |
| Sale Type | Investment |
| Cap Rate | 7.18% |
| Gross Rent Multiplier | 9.36 |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 12,324 SF |
| No. Stories | 2 |
| Year Built | 1957 |
| Zoning | R3, Los Angeles - Residential |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | $2,081 CAD | 616 |
| 1+1 | 16 | $2,418 CAD | 616 |
Property Taxes
| Parcel Number | 5030-012-007 | Improvements Assessment | $860,649 CAD |
| Land Assessment | $2,008,189 CAD | Total Assessment | $2,868,838 CAD |
Property Taxes
Parcel Number
5030-012-007
Land Assessment
$2,008,189 CAD
Improvements Assessment
$860,649 CAD
Total Assessment
$2,868,838 CAD
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