3867-3885 Potomac Ave - Apartments FOR SALE


Los Angeles, CA 90008- Crenshaw
$3,595,000 USD
707-225-2402
3867-3885 Potomac Ave, Los Angeles, CA for Sale
$3,595,000 USD
Apartments - FOR SALE
1/8
null | 7.18% Cap Rate

3867-3885 Potomac Ave
Los Angeles, CA 90008
Crenshaw


HIGHLIGHTS

  • Strong In-Place Income
  • 16 Parking Spaces
  • Near Crenshaw Corridor and Leimert Park
  • Value-Add Opportunity

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,595,000 USD

PRICE/SF

$292 USD /SF

# OF UNITS

20

PRICE/UNIT

$179,750

CAP RATE

7.18%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,893 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

5030-012-007

ASK ABOUT THIS PROPERTY

Jonathan WeirWeir Group with Marcus and Millichap.More Info
707-225-2402

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Jonathan WeirWeir Group with Marcus and Millichap.More Info
707-225-2402

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.