$3,650,000
$3,950,000 7.6%
Est. payment /mo
27 Beds
27 Baths
17,034 SqFt
Sold on 12/06/2024
4024 Nicolet AVE Los Angeles, CA 90008
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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
Bedrooms 27
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
Exterior
Parking Features Covered
Building
Story 2
New Construction No
Others
Special Listing Condition Standard
Listed by Sean Rosenzweig • Marcus & Millichap
Bought with Subscriber Non • Non-Participant Office
Bought with Subscriber Non • Non-Participant Office