Los Angeles, CA 90008,4024 Nicolet Ave
$3,650,000
Est.Price: ?

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27 BD
27 BA
17,034 SqFt

4024 Nicolet Ave Los Angeles, CA 90008

Est. payment /mo
SOLD DATE : 12/06/2024

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Key Details

Sold Price $3,650,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 17,034 sqft

Price per Sqft $214

MLS Listing ID 24-437499

Bedrooms 27

Year Built 1958

Lot Size 0.359 Acres

Property Sub-Type Multi-Family

Property 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.

Location

State CA

County Los Angeles

Area Park Hills Heights

Zoning LAR3

Rooms

Other Rooms Other

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features Covered Parking

Garage Spaces 12.0

Building

Story 2

Others

Special Listing Condition Standard

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TheMLS (CLAW)
Listed by Marcus & Millichap
Bought with Non-Participant Office

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agent

Gwendolyn Thomas

Agent | RE.S.0186243

+1(702) 265-5005

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