3424 Potomac Avenue, Los Angeles, California 90016, Los Angeles, 90016 - 3 bed, 2 bath
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Los Angeles, California 90016
This property represents a Value-Add Investment Opportunity, currently listed at $999,999—positioned above the $865,676 Fair Market Value. While the price exceeds current market estimates, the 4/10 Condition Rating and unique layout—featuring a converted garage and laundry room—provide a blank canvas for reconfiguration. The 5,205 sqft lot and high wood-beamed ceilings offer significant architectural potential for modernization. This asset is best suited for Buy-and-Hold Investors or Contractors capable of optimizing the floor plan to maximize long-term rental demand in the 90016 zip code.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3424 Potomac Avenue Subject | $900,000* List Price | 3 | 2 | 968 | $882 | - |
A 2524 Alsace Ave Sold | $710,000 | 3 | 2 | 1,071 | $663 | 0.9 mi |
B 2754 S Cloverdale Avenue Active | $895,000 List Price | 3 | 2 | 820 | $1,091 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1942, the home appears well-maintained but is significantly dated. The kitchen features older cabinetry and tile flooring likely over 20 years old, and the overall interior finishes require modernization. While functional and move-in ready, it fits the criteria for needing minor repairs and updates.
Situated in the high-demand 90016 zip code, the property offers excellent accessibility with close proximity to the 10 freeway and popular local dining.
The 5,205 sqft lot includes a large backyard and side yard, providing significant space for outdoor entertainment or potential ADU development.
The living room features high wood-beamed ceilings, which create a sense of volume and add unique aesthetic appeal to the home's interior.
At nearly $1,000,000 for only 968 square feet of living space, the property commands a premium price that may be difficult to justify relative to its size.
The conversion of the garage into a bedroom and a bedroom into a laundry room may present permitting concerns and results in the loss of covered parking.
Very nice Home features 3 bedrooms and 2 bathrooms. Garage has been converted in to a bedroom and 1 bedroom has been turned in to the laundry room. There is a total of 4 bedrooms. Home has nice kitchen and dinning area. Living room has high ceelings with wood. Large Backyard and side yard for the summer gatherings. This home is Close to 10fwy and Restaurants.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.8 mi
Grades K-5 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 968 | 1,480.5 | 6% |
| Lot Size | 5,205 | 6,001.5 | 37% |
| Price | $900.0K | $1.02M | 31% |
| Price per sq ft | $930 | $731 | 88% |
| Built year | 1942 | 1930 | 63% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 140 | 4% |
Jun 1, 2026
$900,000
$999,999
-10% Price Drop
Initial Listing
May 24, 2026
$999,999
Initial Listing
Jul 26, 2002
$210,000
Public Record