
3031 Potomac Ave Los Angeles, CA 90016
West Adams NeighborhoodHighlights
- 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!
Last Agent to Sell the Property
ACME Real Estate License #01943657 Listed on: 08/03/2023
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
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Similar Homes in Los Angeles, CA
Home Values in the Area
Average Home Value in this Area
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Grant Deed | $1,602,000 | Socal Title Company | |
Grant Deed | -- | Socal Title Company | |
Grant Deed | $705,000 | Fidelity National Title Co | |
Grant Deed | $430,000 | Lawyers Title | |
Grant Deed | -- | -- | |
Interfamily Deed Transfer | -- | Ticor Title Company | |
Gift Deed | -- | -- | |
Grant Deed | $144,000 | Investors Title Company | |
Grant Deed | $130,000 | Equity Title |
Mortgage History
Date | Status | Loan Amount | Loan Type |
---|---|---|---|
Previous Owner | $1,096,000 | New Conventional | |
Previous Owner | $1,215,000 | New Conventional | |
Previous Owner | $702,000 | Commercial | |
Previous Owner | $910,000 | Commercial | |
Previous Owner | $400,000 | Negative Amortization | |
Previous Owner | $50,000 | Stand Alone Second | |
Previous Owner | $344,000 | New Conventional | |
Previous Owner | $198,000 | Purchase Money Mortgage | |
Previous Owner | $142,822 | FHA | |
Previous Owner | $110,500 | No Value Available | |
Closed | $86,000 | No Value Available |
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 |
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 |
---|---|---|---|---|
2025 | $9,252 | $1,634,040 | $981,240 | $652,800 |
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 |
Agents Affiliated with this Home
-
Seller's Agent in 2024
Silke Fernald
ACME Real Estate
(213) 910-9018
10 in this area
98 Total Sales
-
Seller Co-Listing Agent in 2024
Marlena Maidhof
ACME Real Estate
(858) 344-3980
2 in this area
25 Total Sales
-
Buyer's Agent in 2024
Shannon Shue
Keller Williams Los Angeles
(310) 853-0335
1 in this area
108 Total Sales
-
Seller's Agent in 2020
Katia Miramontes
Coldwell Banker Realty
(310) 310-0324
30 Total Sales
-
C
Buyer's Agent in 2020
Carlos Castillo
Redfin
Map
Source: The MLS
MLS Number: 23-297151

APN: 5057-021-015
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