Sold
4024 Nicolet Ave
Los Angeles CA, 90008
$3,650,000
$214.28 per sqft
Sold
27 Beds
27 Baths
17,034 sqft
Multi-family
Built in 1958
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.
24-437499
MLSⓇ ID
September 9, 2024
Listed
December 13, 2024
Updated
Map
4024 Nicolet Ave
Los Angeles CA, 90008
Interior Features
Total Stories
2
Bedrooms
27
Total Bathrooms
27
Appliances
Other
Fireplace
No
Cooling
Yes
Cooling Description
Other
Heating
Yes
Heating Description
Other
Exterior/Building Features
Lot Size
0.36 Acres
Other Property Details
Area Name
Park Hills Heights
Days on Market
57
Garage
No
Parking
Covered Parking
Parking Total
12
View
No
County
Los Angeles
Pool
No
Zoning
LAR3
Listing History
Date | Event | Price |
|---|---|---|
12/12/2024 | Sold | $3,650,000 |
11/5/2024 | Under contract | — |
Listed by Sean Rosenzweig with Marcus & Millichap
Listing Contact: 310-513-3144
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Aspire Los Angeles shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 12/13/2024
