NOT LISTED FOR SALE

2822 Potomac Ave Los Angeles, CA 90016

West Adams Neighborhood

Estimated Value: $1,108,000 - $1,631,000

4 Beds
4 Baths
4,492 Sq Ft
$314/Sq Ft Est. Value

Last Sold July 15, 2019

Last sale price $1,150,000 $256 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $8,957/month

7 Days on Market

About This Home

As of July 2019

HUGE 2 Story 4 Unit FIXER Needs TLC. Entire building is vacant! GREAT GREAT Upside and Excellent Owner-Occupied or Investment Property Opportunity in up and coming area of Los Angeles. Spacious 4 units size 1,000sf+ each is 1 bed room with Full bathroom (separate shower & bathtub), living room, dining room, laundry room with front and backdoor entrances. Building 4492 sq ft, Lot size 5850SF w/4 Car Garage. This ideal location is in close proximity to La Brea/Jefferson train line. Take advantage of all the opportunity this listing has to offer.

Last Agent to Sell the Property

Raymond Robinson

Neighborhood Realtors License #00927540 Listed on: 06/26/2019

Last Buyer's Agent

Raymond Robinson

Neighborhood Realtors License #00927540 Listed on: 06/26/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,388

Year Built

  • Built in 1930

Lot Details

  • 5,850

Parking

  • 4 Parking Spaces

Home Design

  • Spanish Architecture

Interior Spaces

  • 4,492 Sq Ft Home
  • 2-Story Property
  • Gas Dryer Hookup

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Additional Features

  • 5,850 Sq Ft Lot
  • Heating System Uses Natural Gas

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5057-007-012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,388

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Spanish
  • Street Number Display: Yes
  • Living Area: 4492
  • Probate: No
  • Stories: 2
  • Year Built: 1930
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Gas Dryer Hookup
  • Price Per S Q F T: 243.77

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Garage - 4+ Car
  • Total Parking: 4

Utilities

  • Heating: Natural Gas

Lot Info

  • Assessed Improvement Value: 96125
  • Assessed Land Value: 51710
  • Assessor Parcel Number: 5057-007-012
  • Geocode Override: No
  • Lot Size Area: 5850

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Number Of Units: 4
  • Total Annual Expense: 0
  • Type Of Units: Apartment
  • Vacancy Rate: 100%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2019
Closed on
Jul 8, 2019
Sold by
Stewart Manhattan Inc
Bought by
Schwartz David and David Schwartz Living Trust
Seller's Agent
Raymond Robinson
Neighborhood Realtors
Buyer's Agent
Raymond Robinson
Neighborhood Realtors
List Price
$1,095,000
Sold Price
$1,150,000
Premium/Discount to List
$55,000
5.02%
Current Estimated Value
$1,408,565

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$258,565
Avg. Annual Appreciation
2.85%

Purchase Details

Closed on
Sep 19, 2018
Sold by
Marshall John Mitchell
Bought by
Stewart Manhattan Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$765,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 22, 2008
Sold by
Christian Juanita Mae
Bought by
Christian Juanita Mae
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Schwartz David $1,151,000 Lawyers Title Company
Stewart Manhattan Inc $850,000 Lawyers Title
Christian Juanita Mae -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schwartz David $981,700
Previous Owner Stewart Manhattan Inc $765,000
Previous Owner Stewart Manhattan Inc $765,000
Previous Owner Christian Juanita $100,000
Previous Owner Christian Juanita Mae $196,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2019 07/15/19 Sold $1,150,000 +5.0% $256 / Sq Ft
07/03/2019 07/03/19 Pending -- -- --
06/26/2019 06/26/19 For Sale $1,095,000 -- $244 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $15,388 $1,770,539 $546,820 $1,223,719
2024 $15,388 $1,233,029 $536,099 $696,930
2023 $15,098 $1,208,853 $525,588 $683,265
2022 $14,408 $1,185,151 $515,283 $669,868
2021 $14,213 $1,161,914 $505,180 $656,734
2019 $11,385 $850,000 $600,000 $250,000
2018 $2,186 $150,791 $52,744 $98,047
2017 $2,147 $147,835 $51,710 $96,125
2016 $2,044 $144,938 $50,697 $94,241
2015 $2,018 $142,762 $49,936 $92,826
2014 $2,052 $139,966 $48,958 $91,008
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2019

    Raymond Robinson

    Neighborhood Realtors

    (310) 717-5130

    Raymond Robinson
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Map

Source: The MLS

MLS Number: 19-481490

The MLS

APN: 5057-007-012

California Los Angeles County Los Angeles 90016 West Adams

2822 Potomac Ave, Los Angeles, CA

This home is located at 2822 Potomac Ave, Los Angeles, CA 90016 since 26 June 2019 and is currently estimated at $1,408,565, approximately $313 per square foot. This property was built in 1930. 2822 Potomac Ave is a home located in Los Angeles County with nearby schools including Virginia Road Elementary School, Johnnie L. Cochran Jr. Middle School, and Susan Miller Dorsey Senior High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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