4024 Nicolet Avenue, Los Angeles, CA 90008
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Listed Price :
$3,950,000
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Beds :
27
-
Baths :
27
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Property Size :
17,034 sqft
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Year Built :
1958
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.
Interior Features
| Bedroom Information |
| Bedrooms |
27 |
| Bathroom Information |
| Bathrooms |
27 |
Listing Information
| Address |
4024 Nicolet Avenue |
| City |
Los Angeles |
| State |
CA |
| Zip |
90008 |
| County |
Los Angeles |
| Listing Agent |
Sean Rosenzweig DRE #01406343 |
| Courtesy Of |
Marcus & Millichap |
| List Price |
$3,950,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
17,034 |
| Lot Size |
15,629 |
| Year Built |
1958 |
Listing information courtesy of: Sean Rosenzweig, Marcus & Millichap. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 17th, 2024 at 12:10 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
