3031 Potomac Ave Los Angeles, CA 90016
West Adams NeighborhoodEstimated Value: $1,092,290 - $1,700,000
6
Beds
3
Baths
2,369
Sq Ft
$589/Sq Ft
Est. Value
Highlights
- Accessory Dwelling Unit (ADU)
- Spanish Architecture
- Walk-In Closet
- Engineered Wood Flooring
- No HOA
- 5-minute walk to Vineyard Recreational Center
About This Home
As of March 2024This property is a rare income opportunity! Welcome to a private oasis nestled in the heart of West Adams - this 1920s reimagined Spanish bungalow has been meticulously remodeled from top to bottom and offers a quintessential California living experience. As you approach the property, you are greeted by the front yard, enclosed by towering 8ft. tall hedges, providing extra privacy. The landscape design, boasting olive trees, jasmine, and agave plants, creates a serene yardscape that invites you to relax and unwind at the end of the day. Stepping through the front door, you are welcomed into a sun-soaked open-concept living room, dining area, and kitchen - a seamless blend of style and functionality that sets the stage for effortless entertaining. The craftsmanship is evident in the custom dark chocolate Jeld-Wen windows, which complement the custom white and dark oak cabinets, top-of-the-line Bertazzoni appliances, and exquisite Calacatta Viola marble countertops. The laundry room off the kitchen includes a brand-new Samsung washer and dryer. The hallway leads to two ample-sized bedrooms, each offering a cozy retreat and a hall bath adorned with marble counters, a curbless shower, custom vanities, and Italian porcelain tiles. The stunning primary bedroom adorned with designer sconces, features a spacious custom walnut-cabinetry walk-in closet. The en-suite bathroom showcases dual vanity plus marble counters, a large curbless shower, custom white oak cabinets, and Italian porcelain tiles, creating a luxurious sanctuary. Venture to the back of the property, and you'll discover a brand-new detached three-bedroom, one-bath ADU. This modern addition promises versatile living options. The ADU's open-concept living, dining, and kitchen area boasts the same beautiful Jeld-Wen windows, custom white oak cabinets, and elegant quartz countertops, with top-tier Kitchenaid appliances. Upgrades include new electrical + panel, new plumbing, new HVAC system, new sump pump, new tankless water heater, new insulation and drywall, newly poured driveway with turf inserts, new drip lines throughout the property, and new fencing. The possibilities are endless here. Live in one and rent out the other to offset your mortgage payment or perhaps make this your first income property and enjoy the benefit of two extra rental incomes! The main house has 3 beds and 2 baths measuring 1,513 SQ FT, the ADU with its own address has 3 beds/1 bath and measures 856 SQ FT. Super central location with close proximity to Culver City, DTLA, USC Village, the Expo and Crenshaw metro lines, and of course all the many hotspots in West Adams & Jefferson Park such as Highly Likely, Party Beer Co., Johnny Pastrami, Alta, Mizlala, Vicky's All Day, Delicious Pizza and more. Welcome Home!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $9,252
Year Built
- Built in 1925
Lot Details
- 5,200 Sq Ft Lot
- Lot Dimensions are 40x130
- Property is zoned LAR1
Home Design
- Spanish Architecture
Interior Spaces
- 2,369 Sq Ft Home
- 1-Story Property
- Living Room
- Dining Room
Kitchen
- Oven or Range
- Dishwasher
- Disposal
Flooring
- Engineered Wood
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- Walk-In Closet
- 3 Full Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Parking
- 2 Parking Spaces
- Driveway
Additional Features
- Accessory Dwelling Unit (ADU)
- Central Heating and Cooling System
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 5057-021-015
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 3, 2023
Closed on
Jan 30, 2024
Sold by
New Ventures Inc
Bought by
Carder Renee K and Carder Danielle B
Seller's Agent
Silke Fernald
ACME Real Estate
Buyer's Agent
Shannon Shue
KW SELA
List Price
$1,699,000
Sold Price
$1,602,000
Premium/Discount to List
-$97,000
-5.71%
Total Days on Market
146
Views
105
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$207,177
Avg. Annual Appreciation
-10.99%
Original Mortgage
$1,096,000
Interest Rate
6.64%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 28, 2023
Sold by
Carder Wesley G
Bought by
Carder Renee K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,096,000
Interest Rate
6.64%
Mortgage Type
New Conventional
Purchase Details
Listed on
Mar 20, 2020
Closed on
Jun 16, 2020
Sold by
Bautista Pedra
Bought by
New Ventures Inc
Seller's Agent
Katia Miramontes
Coldwell Banker Realty
Buyer's Agent
Carlos Castillo
Redfin
List Price
$699,000
Sold Price
$705,000
Premium/Discount to List
$6,000
0.86%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.11%
Original Mortgage
$910,000
Interest Rate
3.2%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 14, 2005
Sold by
Gonzalez Juan Carlos and Gonzalez Alma
Bought by
Bautista Pedro
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,000
Interest Rate
5.62%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 16, 2005
Sold by
Uribe Morena
Bought by
Gonzalez Juan Carlos and Gonzalez Alma
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,000
Interest Rate
5.62%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 25, 2003
Sold by
Gonzalez Juan Carlos and Gonzalez Alma
Bought by
Uribe Morena
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,000
Interest Rate
5.92%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 8, 2000
Sold by
Wynn Vanessa L
Bought by
Wynn Vanessa L and Ramirez Jose
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,822
Interest Rate
8.63%
Mortgage Type
FHA
Purchase Details
Closed on
May 26, 1999
Sold by
Hill James G and Hill Alberta
Bought by
Wynn Vanessa L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,500
Interest Rate
9.99%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Similar Homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Carder Renee K | $1,602,000 | Socal Title Company | |
| Carder Renee K | -- | Socal Title Company | |
| New Ventures Inc | $705,000 | Fidelity National Title Co | |
| Bautista Pedro | $430,000 | Lawyers Title | |
| Gonzalez Juan Carlos | -- | -- | |
| Uribe Morena | -- | Ticor Title Company | |
| Wynn Vanessa L | -- | -- | |
| Gonzalez Juan Carlos | $144,000 | Investors Title Company | |
| Wynn Vanessa L | $130,000 | Equity Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Carder Renee K | $1,096,000 | |
| Previous Owner | New Ventures Inc | $1,215,000 | |
| Previous Owner | New Ventures Inc | $702,000 | |
| Previous Owner | New Ventures Inc | $910,000 | |
| Previous Owner | Bautista Pedro | $400,000 | |
| Previous Owner | Bautista Pedro | $50,000 | |
| Previous Owner | Bautista Pedro | $344,000 | |
| Previous Owner | Uribe Morena | $198,000 | |
| Previous Owner | Gonzalez Juan Carlos | $142,822 | |
| Previous Owner | Wynn Vanessa L | $110,500 | |
| Closed | Bautista Pedro | $86,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/22/2024 03/22/24 | Sold | $1,602,000 | +6.9% | $676 / Sq Ft |
| 12/27/2023 12/27/23 | Pending | -- | -- | -- |
| 12/18/2023 12/18/23 | Price Changed | $1,499,000 | -11.8% | $633 / Sq Ft |
| 11/01/2023 11/01/23 | For Sale | $1,699,000 | 0.0% | $717 / Sq Ft |
| 10/04/2023 10/04/23 | Pending | -- | -- | -- |
| 09/18/2023 09/18/23 | For Sale | $1,699,000 | +6.1% | $717 / Sq Ft |
| 08/19/2023 08/19/23 | Off Market | $1,602,000 | -- | -- |
| 08/03/2023 08/03/23 | For Sale | $1,699,000 | +141.0% | $717 / Sq Ft |
| 07/23/2020 07/23/20 | Sold | $705,000 | +0.9% | $699 / Sq Ft |
| 04/11/2020 04/11/20 | Pending | -- | -- | -- |
| 03/20/2020 03/20/20 | For Sale | $699,000 | -- | $693 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $9,252 | $748,149 | $598,520 | $149,629 |
| 2023 | $9,077 | $733,481 | $586,785 | $146,696 |
| 2022 | $8,661 | $719,100 | $575,280 | $143,820 |
| 2021 | $8,554 | $705,000 | $564,000 | $141,000 |
| 2020 | $6,760 | $548,049 | $438,443 | $109,606 |
| 2019 | $6,494 | $537,304 | $429,847 | $107,457 |
| 2018 | $6,392 | $526,769 | $421,419 | $105,350 |
| 2016 | $4,403 | $363,000 | $291,000 | $72,000 |
| 2015 | $4,404 | $363,000 | $291,000 | $72,000 |
| 2014 | $3,464 | $277,000 | $222,000 | $55,000 |
Source: Public Records
Agents Affiliated with this Home
-
Silke Fernald
Seller's Agent in 2024
Silke Fernald
ACME Real Estate
(213) 910-9018
10 in this area
96 Total Sales
-
Marlena Maidhof
Seller Co-Listing Agent in 2024
Marlena Maidhof
ACME Real Estate
(858) 344-3980
2 in this area
21 Total Sales
-
Shannon Shue
Buyer's Agent in 2024
Shannon Shue
KW SELA
(310) 853-0335
1 in this area
107 Total Sales
-
Katia Miramontes
Seller's Agent in 2020
Katia Miramontes
Coldwell Banker Realty
(310) 310-0324
1 in this area
32 Total Sales
-
Buyer's Agent in 2020
Carlos Castillo
Redfin
(818) 641-7228
Map
Source: The MLS
MLS Number: 23-297151
APN: 5057-021-015
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© 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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