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3438 Potomac Ave, West Adams

West Adams 6-Unit

OPPORTUNITY ZONE! Massive, sleek and easy to manage new construction 6-unit located in the trendy West Adams. This location draws A+ tenants VERY QUICKLY thanks to the major lack of inventory in the area. Features private patios, massive windows, sleek cabinetry and high ceilings. Plus, it comes fully loaded with stainless steel kitchen appliances!

The Important
Details

List Price:

Property Type:

Status:

# Units:

Year Built:

Cap Rate:

GRM:

Gross Rent:

Bldg. SF:

Lot SF:

$/SF:

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$4,495,000

6-Unit

Pre-Market

6

2024

5.38%

13.98

$321,600/Year (Pro Forma)

9,144 sqft

9,243 sqft

$491.58

$749,167

2x 4b/4b, 2x 3b/4b, 2x 3b/3.5b

Yes

8 Garage Spaces, 4 Exterior Spaces

OPPORTUNITY ZONE, Non Rent Controlled

The Highlights

  • OPPORTUNITY ZONE! Major tax benefit (consult CPA).

  • Located in ultra trendy and highly sought after West Adams- A major draw for A+ tenants! 

    • Outstanding projected cap rate of 5.38%! Cash cow.

  • MASSIVE units (9,144 livable square feet) with premium floorplans.

  • Multi-dimensional, architecturally impressive exterior. The best curb appeal you'll find on a new construction fourplex!

  • Boasts ultra-high-end finishes and top-tier construction. This is not your typical fourplex!

  • Ideal unit mix of two 4 bedrooms and four 3 bedroom units!

  • All units separately metered for gas, electric AND water! Very low expenses!

  • Dream 1031 exchange opportunity. Ready to close soon!

  • With SB-8 in effect, less new constructions are being built, making properties like these an even more rare and hot commodity.

The Neighborhood

<15-Minute Walk

Highly Likely, Mel's Fish Shack, Thinkspace Gallery, Charmette Bonpua Skate Plaza, Aerial Physique, The Jefferson, Party Beer Co, SPY Projects, Sportsman's Family Billiards, Susan Miller Dorsey Senior High School, Blue8

<15-Minute Drive

Blu Jam Cafe, Pavilions,Marmalade Cafe, Tipsy Cow, Anejo Cantina, The City Golf,Buffalo Wild Wings,Starbucks, Mr. Furley's Bar, House of Billiards, Mr. Furley's Bar, Anajak Thai Cuisine, Ultrazone Laser Tag

<$15 Uber Ride

Blu Jam Cafe, Pavilions,Marmalade Cafe, Tipsy Cow, Anejo Cantina, The City Golf,Buffalo Wild Wings,Starbucks, Mr. Furley's Bar, House of Billiards, Mr. Furley's Bar, Anajak Thai Cuisine, Ultrazone Laser Tag

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Contact

Elizabeth Maddox

818.850.8485

Lauren Cearley

213.302.8662

Property Presented By:

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