ActiveCondominium

1/2 Potomac Avenue

Los Angeles, CA, 90016

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$599,000

MLS: 26778921

Beds

2

Baths

1

Sq Ft

1,083

Lot

0.16 ac

Year Built

1935

MLS #

26778921

Days on Market

20

Listed

Apr 23, 2026

Description

Step into a rare offering where timeless elegance meets modern comfort in the heart of Los Angeles coveted West Adams District. This 1935 Spanish Revival residence captures the romance of a bygone era while embracing thoughtful updates designed for today's lifestyle. Behind its classic white stucco facade and terracotta tile roof, accented with soft blue detailing, the home immediately evokes architectural distinction. Arched windows paired with decorative shutters frame the exterior with character, while curved lines and period craftsmanship create an unforgettable first impression. Inside, a bright and airy living room welcomes you with high, textured ceilings and beautifully preserved plaster walls. A sculpted fireplace serves as a striking focal point, anchoring the space with warmth and artistry. New flooring flows seamlessly throughout, enhancing both cohesion and comfort. The remodeled kitchen blends vintage inspiration with modern functionality, featuring thoughtfully designed cabinetry and updated amenities that cater to both everyday living and entertaining. The bathroom continues the home's narrative with tasteful, period-style tilework that honors its heritage while offering contemporary ease. Natural light pours through expansive windows, illuminating every corner and revealing tranquil views of tree-lined streets. A quaint Juliette balcony offers the perfect setting to unwind and enjoy golden California sunsets. Positioned in the vibrant West Adams neighborhood, this residence places you moments from beloved cafes, local boutiques, and cultural landmarks, delivering a lifestyle that is both dynamic and deeply rooted in Los Angeles history. Offered as a TIC (25% undivided interest), this is a distinctive opportunity to own a piece of architectural heritage. The home includes valuable permitted upgrades, including HVAC, electrical improvements, kitchen and bath renovations, a foundation retrofit, roof work, and termite clearance. Flexible financing options, including as little as 10% down with a 30-year fixed structure, further enhance accessibility. This is more than a home; it is a curated living experience where history, style, and opportunity converge.

Location

Los Angeles, Los Angeles County, CA 90016

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Listed by: Stephanie Younger · Compass

Payment estimate

$4,510

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $59,900 · Loan: $539,100

%
Principal & Interest
$3,362
Property tax (1.25%)
$624
Homeowners insurance
$300
Mortgage insurance
$225
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Today's Rates

As of May 7, 2026

30-year fixed
6.37%
15-year fixed
5.72%

Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.

About the area · Mike Watson

About the Antelope Valley

The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.

Financing Options

FHA Financing — 3.5% Down

First-time and repeat buyers can purchase this Los Angeles home with as little as 3.5% down using an FHA loan — roughly $20,965 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.

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Local Market Stats

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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.

#1 Producing Individual Realtor — Antelope Valley

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Listing data provided by the MLS · Presented by Watson & Associates · Keller Williams Realty · mikewatsonrealtor.com
All information deemed reliable but not guaranteed. Contact listing agent to verify.