4024 Nicolet Avenue, Los Angeles, CA 90008
  • MLS#: 24437499 ( )
  • Street Address: 4024 Nicolet Avenue
  • Viewed: 1
  • Price: $3,950,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1958
  • Bldg sqft: 0
  • Days On Market: 68
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90008
  • Provided by: Marcus & Millichap
  • Contact: Sean Sean
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    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.
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Features
Building Area Total
  1. 17034.00
Country
  1. US
Levels
  1. Two
Netoperatingincome
  1. 264262.00
Parcel Number
  1. 5030016010
Parking Features
  1. Covered
Sourcesystemkey
  1. 24-437499:CLAW
Totalexpenses
  1. 148457.00
Year Built
  1. 1958
Year Built Source
  1. Assessor
Zoning
  1. LAR3