4024 Nicolet Avenue
Los Angeles, CA 90008
- – beds
- – baths
- – sqft
- 15,629 sqft lot
- 1958 build
- – on site
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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.
Last checked:
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Last updated Dec 13, 2024
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MLS# 24437499 —
The Building
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Year Built:1958
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:17034.00
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Total Number Of Units:20
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# of Buildings:1
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Stories Total:2
Interior
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Levels:Two
Location
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Directions:West of Hillcrest Drive & South of Pinafore Street
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Latitude:34.01375300
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Longitude:-118.35090900
The Property
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Property Type:Residential Income
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Zoning:LAR3
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Lot Size Area:15629.0000
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Lot Size Acres:0.3588
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Lot Size SqFt:15629.00
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Lot Size Source:Assessor
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5030016010
Appliances
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Included:Yes
The Community
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Association:No
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Senior Community:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Covered
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Parking Spaces:12.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
12/6/24
Dec 6, 2024
|
Sold | CRMLS_CA | $3,650,000 | -7.6% |
|
11/5/24
Nov 5, 2024
|
Sold Subject To Contingencies | CRMLS_CA | $3,950,000 | |
|
9/9/24
Sep 9, 2024
|
Listed / Active | CRMLS_CA | $3,950,000 |
