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Sold for $3,650,000
  • $3,650,000

    4024 Nicolet Ave, Los Angeles, CA 90008

    27beds
    27baths
    17,034sqft
    Multi Family
    Built in 1958
    -- sqft lot
    $3,638,900 Zestimate®
    $214/sqft
    $2,184 Estimated rent

    Home value

    $3,638,900

    $3.13M - $4.22M

    $2,184/mo

    Zestimate® history
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    $2,184/mo

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    $2,184/mo

    Rent Zestimate®

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    $23,260/mo

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    $23,260/mo

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    What's special

    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Sean Rosenzweig DRE # 01406343 310-513-3144,

    Marcus & Millichap 310-909-5500

    Bought with:

    Subscriber Non, DRE # 13252

    Non-Participant Office

    Source: CLAW,MLS#: 24-437499MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 27
    • Bathrooms: 27
    Heating
    • Other
    Cooling
    • Other
    Interior area
    • Total structure area: 17,034
    • Total interior livable area: 17,034 sqft

    Property

    Parking
    • Total spaces: 12
    • Parking features: Covered
    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 0.36 Acres
    Details
    • Additional structures: Other
    • Zoning: LAR3
    • Special conditions: Standard
    • Other equipment: Other

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • Year built: 1958

    Community & HOA

    Location
    • Region: Los Angeles

    Financial & listing details

    • Price per square foot: $214/sqft
    • Tax assessed value: $4,556,952
    • Date on market: 9/9/2024

    Price history

    DateEventPrice
    12/6/2024Sold$3,650,000-7.6%$214/sqft
    Source: CLAW #24-437499 Report a problem
    11/5/2024Contingent$3,950,000$232/sqft
    Source: CLAW #24-437499 Report a problem
    9/9/2024Listed for sale$3,950,000-14.1%$232/sqft
    Source: CLAW #24-437499 Report a problem
    8/1/2024Listing removed--
    Source: CLAW #24-361189 Report a problem
    2/22/2024Listed for sale$4,600,000$270/sqft
    Source: CLAW #24-361189 Report a problem
    10/30/2020Listing removed$1,495
    Source: Zillow Rental Network Report a problem
    10/14/2020Price change$1,495-2%
    Source: Zillow Rental Network Report a problem
    10/9/2020Listed for rent$1,525
    Source: Zillow Rental Network Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Baldwin Hills

    Nearby schools

    GreatSchools rating
    Get a cash offer in 3 minutes
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    Estimated market value
    $3,638,900
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $3,638,900