Log In/Sign Up
Your email has been sent.
3867-3885 Potomac Ave 20 Unit Apartment Building $3,595,000 ($179,750/Unit) 7.18% Cap Rate Los Angeles, CA 90008
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.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $3,595,000 | Property Subtype | Apartment |
| Price Per Unit | $179,750 | 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 |
| Zoning | R3, Los Angeles | ||
| Price | $3,595,000 |
| Price Per Unit | $179,750 |
| 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 |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | $1,530 | 616 |
| 1+1 | 16 | $1,778 | 616 |
1 1
PROPERTY TAXES
| Parcel Number | 5030-012-007 | Total Assessment | $2,093,416 |
| Land Assessment | $1,465,393 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $628,023 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
5030-012-007
Land Assessment
$1,465,393
Improvements Assessment
$628,023
Total Assessment
$2,093,416
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
1 of 9
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
3867-3885 Potomac Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.