4024 Nicolet Avenue

Los Angeles, CA 90008

About this property

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.

About this property

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.

Features and Additional Information

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$3,950,000 Active Under Contract
17,034 SQFT

Presented By Coldwell Banker Home Source

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Get in touch today! Phone: 1-760-684-8100
License #01902736
Brokerage
Marcus & Millichap 310-909-5500
1-310-909-5500
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Area Information

PHHT Park Hills Heights | Los Angeles County |

$ 3,950,000
This listing is play_arrow 265.7% higher than the average in the area
$ 1,080,000 in the area
17,034 SqFt
This listing is play_arrow 821.8% larger than the average in the area
1,848 SqFt in the area
$ 232 $/SqFt
This listing is play_arrow 60.3% less than the average in the area
$ 584 $/SqFt in the area
93 days on site
This listing is play_arrow 332.6% above the average in the area
22 days on site in the area

Schools in the Area

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    Elementary School
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    Middle School
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    High School
Listed By Sean Rosenzweig
Brokerage: Marcus & Millichap 310-909-5500

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