4024 Nicolet Avenue , Los Angeles, CA 90008
Los Angeles, CA 90008
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.
Details
| Mls | 24437499 |
|---|---|
| Listing Type | For Sale |
| Subtype | Resale |
| Status | Active Under Contract |
| Year | 1958 |
| Days On Site | 92 |
| Listing Provided By | Marcus & Millichap 310-909-5500 | Sean Rosenzweig |
Features
| Beds | 27 |
|---|---|
| Baths | 27 |
| Sq Feet | 17,034 |
| Storys | 2 |
| Units | 20 |
| Buildings | 1 |
| Zoning | LAR3 |
| Acreage | 0.36 |
Market Activity 90008
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90008 |
| Area | PHHT Park Hills Heights |
| Listing VS Median (in 90008) | |
Price: $3,950,000 low | high Med: $1,075,000 SqFt: 17,034 low | high Med: 1,864 $ / SqFt: $232 low | high Med: $577 On Site: 92 low | high Med: 21.000000 | |
