NOT LISTED FOR SALE

2934 Potomac Ave Los Angeles, CA 90016

West Adams Neighborhood

Estimated Value: $1,271,000 - $1,677,000

3 Beds
3 Baths
1,397 Sq Ft
$990/Sq Ft Est. Value

Last Sold May 10, 2018

Last sale price $965,000 $691 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $8,334/month

15 Days on Market

Highlights

  • Wood Flooring
  • Bonus Room
  • Laundry Room
  • Spanish Architecture
  • No HOA
  • 5-minute walk to Vineyard Recreational Center

About This Home

As of May 2018

Beautifully Re-imagined Turnkey Spanish home on a quiet "secret" street in West Adams! Owners have meticulously re-designed and curated every aspect of this home, and it shows. This ideal 3BR gem in a nice neighborhood is conveniently located in the heart of the city, near Culver City, Downtown, USC, Koreatown, Miracle Mile, and the new metro rail. The street itself is one of the quietest in the neighborhood - a "secret" street because it is tucked inside the neighborhood, not connecting directly to Adams Blvd. Tons of new exciting development in area, too. This home was renovated in 2017 - including a permitted 220+ sq. ft. expansion and new open-concept layout design. Highlights include: New smooth stucco exterior + new roof + new copper piping + new AC + luxury kitchen with all new appliances, quartz counters, and custom subway tile + 3 remodeled bathrooms with Hansgrohe fixtures and European tiles + engineered hardwood floors throughout + french doors. A must see. WELCOME HOME!

Last Agent to Sell the Property

Rachel Hsieh

Keller Williams Realty Los Feliz License #01913428 Listed on: 04/04/2018

Keller Williams Realty Los Feliz

Co-Listed By

Jodi Barmash

Keller Williams Realty Los Feliz License #01847478

Keller Williams Realty Los Feliz

Last Buyer's Agent

Jodi Barmash

Keller Williams Realty Los Feliz License #01847478

Keller Williams Realty Los Feliz

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,123

Year Built

  • Built in 1924

Lot Details

  • 5,850 Sq Ft Lot
  • Property is zoned LAR1

Parking

  • 1 Car Garage

Home Design

  • Spanish Architecture

Interior Spaces

  • 1,397 Sq Ft Home
  • 1-Story Property
  • Bonus Room
  • Wood Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5057-019-017

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,123

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Spanish
  • Street Number Display: Yes
  • Living Area: 1397
  • Stories: 1
  • Year Built: 1924
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Hardwood
  • Bedrooms: 3
  • Full Bathroom: 3
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Inside
  • Total Bathrooms: 3.00
  • Price Per S Q F T: 607.73

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Parking Garage: Garage - 1 Car

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 5057-019-017
  • Geocode Override: No
  • Lot Size Area: 5850

Multi Family

  • Number Of Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2018
Closed on
Apr 25, 2018
Sold by
Han Yoojung
Bought by
Sollenberger Randall and Sollenberger Rachael
Seller's Agent
Rachel Hsieh
Keller Williams Realty Los Feliz
Buyer's Agent
Jodi Barmash
Keller Williams Realty Los Feliz
List Price
$849,000
Sold Price
$965,000
Premium/Discount to List
$116,000
13.66%
Current Estimated Value
$1,383,149

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$418,149
Avg. Annual Appreciation
4.92%

Purchase Details

Listed on
Nov 10, 2016
Closed on
Feb 14, 2017
Sold by
Gebremichael Meaza H
Bought by
Han Yoojung
Seller's Agent
Hatsey Egziabher
C-West Realty
Buyer's Agent
Joyce Lee
Prime Properties & Associates
List Price
$579,900
Sold Price
$570,000
Premium/Discount to List
-$9,900
-1.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
53.96%
Original Mortgage
$399,000
Interest Rate
4.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 7, 2011
Sold by
Federal National Mortgage Association
Bought by
Gebremichael Meaza H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,600
Interest Rate
4.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 23, 2010
Sold by
Reyes Ana
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Oct 9, 2008
Sold by
Seacliff Properties Inc
Bought by
Reyes Ana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$346,500
Interest Rate
6.39%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 8, 2008
Sold by
Reyes Daniel
Bought by
Reyes Ana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$346,500
Interest Rate
6.39%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 20, 2008
Sold by
Newman Maria
Bought by
Sea Cliff Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,000
Interest Rate
6.04%
Mortgage Type
Stand Alone First
Source: Public Records

Range of Values:

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Average Value
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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
Sollenberger Randall $965,000 Fidelity National Title Comp
Han Yoojung $570,000 Fidelity Sherman Oaks
Han Yoojung -- Fidelity National Title Co
Gebremichael Meaza H $235,000 First American Title Ins Co
Grebremichael Meaza H -- First American Title Ins Co
Federal National Mortgage Association $215,071 First American Title Company
Reyes Ana $385,000 Southland Title
Reyes Ana -- Southland Title
Sea Cliff Properties Inc $180,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Han Yoojung $399,000
Previous Owner Gebremichael Meaza H $225,600
Previous Owner Reyes Ana $346,500
Previous Owner Sea Cliff Properties Inc $244,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/10/2018 05/10/18 Sold $965,000 +13.7% $691 / Sq Ft
04/19/2018 04/19/18 Pending -- -- --
04/04/2018 04/04/18 For Sale $849,000 +48.9% $608 / Sq Ft
02/17/2017 02/17/17 Sold $570,000 -1.7% $486 / Sq Ft View Prior Sale
12/08/2016 12/08/16 Pending -- -- --
11/10/2016 11/10/16 For Sale $579,900 -- $494 / 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 $13,123 $1,097,998 $789,195 $308,803
2024 $13,123 $1,076,470 $773,721 $302,749
2023 $12,871 $1,055,363 $758,550 $296,813
2022 $12,274 $1,034,671 $743,677 $290,994
2021 $12,121 $1,014,385 $729,096 $285,289
2019 $11,756 $984,300 $707,472 $276,828
2018 $7,066 $581,400 $465,120 $116,280
2016 $3,525 $280,822 $199,474 $81,348
2015 $3,475 $276,605 $196,478 $80,127
2014 $3,496 $271,188 $192,630 $78,558
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2018

    Rachel Hsieh

    Keller Williams Realty Los Feliz

    Section Image

  • J

    Seller Co-Listing Agent in 2018

    Jodi Barmash

    Keller Williams Realty Los Feliz

    Section Image

  • H

    Seller's Agent in 2017

    Hatsey Egziabher

    C-West Realty

    (213) 926-9914

    3 Total Sales

    Hatsey Egziabher
    Section Image

  • J

    Buyer's Agent in 2017

    Joyce Lee

    Prime Properties & Associates

See All Agents

Map

Source: The MLS

MLS Number: 18-329778

The MLS

APN: 5057-019-017

California Los Angeles County Los Angeles 90016 West Adams

2934 Potomac Ave, Los Angeles, CA

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