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3940 Nicolet Ave
Los Angeles, CA 90008
Value-Add 16 Units in Baldwin Village · Multifamily Property For Sale
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16 Units
Investment Highlights
- Value-Add Opportunity | Building to be delivered with 11 vacancies allowing for a prospective investor to capture market rent on 68% of the units.
- Diverse Unit Mix | The Subject Property consists of 1-Bedroom; 2-Bedroom and 3-Bedroom Units; 75% of the Units are 2-Bedroom Units.
- Large Floorplans | The Subject Property features spacious units with a total building size of 16,876 Sq. Ft.
- Attractive Financing | The property should provide for financing at 65% to 75% LTV of the asking price once fully leased up and stabilized.
Property Facts
| No. Units | 16 | Building Size | 16,876 SF |
| Property Type | Multifamily | Average Occupancy | 87% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1956 |
| Building Class | C | Parking Ratio | 0.65/1,000 SF |
| Lot Size | 0.37 AC | ||
| Zoning | R3 - Limited Density Multiple Residence | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 16,876 SF |
| Average Occupancy | 87% |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 0.65/1,000 SF |
| Zoning | R3 - Limited Density Multiple Residence |
Amenities
Unit Amenities
- Storage Space
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $1,300 | - |
| 2+1 | 2 | $1,192 | - |
| 2+2 | 10 | $1,377 | - |
| 3+2 | 1 | $2,450 | - |
Property Taxes
| Parcel Number | 5030-008-010 | Improvements Assessment | $1,288,093 |
| Land Assessment | $1,937,553 | Total Assessment | $3,225,646 |
Property Taxes
Parcel Number
5030-008-010
Land Assessment
$1,937,553
Improvements Assessment
$1,288,093
Total Assessment
$3,225,646
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