4024 Nicolet Ave, Los Angeles, CA 90008 - View 1
4024 Nicolet Ave, Los Angeles, CA 90008 - View 2
4024 Nicolet Ave, Los Angeles, CA 90008 - View 3

4024 Nicolet Ave, Los Angeles, CA 90008

Sale Price: $3,650,000
Sep 9, 202417,034 sqft27 beds27 baths
Listed by: Sean Rosenzweig
License #: 01406343
Phone #: 213-943-1897
Marcus & Millichap
Source:
CRMLS Logo
MLS #: 24437499

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.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$55,404

TurboHome Estimated Value

$3,821,800

$224 sqft

High Valuation
$4,012,890
$236/sqft
Normal Valuation
$3,821,800
$224/sqft
Low Valuation
$3,630,710
$213/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$224/sqft$3,821,800

Neighborhood: Crenshaw

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Comparative Value

$3.65M

$3.95M

4024 Nicolet Ave, Los Angeles, CA 90008

Sale Price: $3,650,000

Selected Comparable

4024 Nicolet Ave, Los Angeles, CA 90008

List Price: $3,950,000

Subject Property

Neighborhood Comps

Subject Property

SUBJECT
4024 Nicolet Ave, Los Angeles, CA 90008

4024 Nicolet Ave, Los Angeles, CA 90008

List: $3,950,000

Listed: 9/9/2024

Area:17,034 sqft
Price/sqft:$232
Beds:27
Baths:27
Year Built:
Lot Size:15,629

Comparable Properties

COMPARABLE
Choose comps
4024 Nicolet Ave, Los Angeles, CA 90008

4024 Nicolet Ave, Los Angeles, CA 90008

Sale: $3,650,000

12/6/20240.00 mi

Area:17,034 sqft
Price/sqft:$214
Beds:27
Baths:27
Year Built:
Weight:100.0%

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