Active
4024 Nicolet Avenue
Los Angeles CA, 90008
$3,950,000
$231.89 per sqft
Active
27 Beds
27 Baths
17,034 sqft
Residential
Built in 1958
Listed by Sean Rosenzweig with Marcus & Millichap 213-943-1897
DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT LISTING TEAM FOR DETAILS. We are pleased to offer the opportunity to acquire 4024 Nicolet Avenue, a 20-unit apartment community located in Baldwin Village. Situated on a 15,633 square foot parcel, the property is comprised of 13 one-bedroom units and seven two-bedroom units. The property has more than 20% upside in rental income that can be captured through renovating remaining unit interiors. Moreover, the mandatory soft-story retrofit wok has already been completed saving a new investor substantially in capital and time. 4024 Nicolet Avenue provides investors a compelling buying opportunity to acquire a value-add opportunity with a healthy in-place income stream, located in a rapidly gentrifying neighborhood.
24437499
MLSⓇ ID
September 9, 2024
Listed
October 17, 2024
Updated
Map
4024 Nicolet Avenue
Los Angeles CA, 90008
Interior Features
Total Stories
2
Bedrooms
27
Total Bathrooms
27
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.36 Acres
Other Property Details
Area Name
PHHT - Park Hills Heights
Days on Market
8
Garage
No
Parking
Covered
Parking Total
12
View
No
County
Los Angeles
Pool
No
Zoning
LAR3
Listing Contact: 310-909-5500
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/17/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 10/17/2024 at 1:18 PM UTC