Los Angeles, CA 90008,4024 Nicolet AVE

$3,650,000

$3,950,000

7.6%
Est.Price: ?

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Est. payment /mo

27 Beds

27 Baths

17,034 SqFt


SOLD DATE : 12/06/2024

Key Details

Sold Price $3,650,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 17,034 sqft

Price per Sqft $214

MLS Listing ID 24437499

Sold Date 12/06/24

Bedrooms 27

HOA Y/N No

Year Built 1958

Lot Size 0.359 Acres

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 Phht - Park Hills Heights

Zoning LAR3

Interior

Fireplace No

Exterior

Parking Features Covered

Total Parking Spaces 12

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5030016010

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Sean Rosenzweig • Marcus & Millichap
Bought with Subscriber Non • Non-Participant Office

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Kris Rainwaters

REALTOR® | Lic# 02111780

+1(602) 561-3114

PO Box 106 Lake Arrowhead, CA 92352

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