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- LoopNet Team
4024 Nicolet Ave
Los Angeles, CA 90008
Nicolet Court Apartments · Multifamily Property For Sale
·
20 Units
Investment Highlights
- Soft Story Retrofit Completed in 2018!
- 20 Units with Excellent Unit Mix: 13-1+1, 7-2+2
- Individually Metered for Gas & Electricity!
- Rapidly Developing Neighborhood - Near New CRENSHAW/LAX Metro Line
- Secure Entry & On-Site Parking!
- Clean Pride of Ownership Building!
Property Facts
| No. Units | 20 | Building Size | 17,034 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1958 |
| Building Class | C | Parking Ratio | 0.7/1,000 SF |
| Lot Size | 0.36 AC | ||
| Zoning | R3 - LAR3 | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 17,034 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 0.7/1,000 SF |
| Zoning | R3 - LAR3 |
About 4024 NICOLET AVE , LOS ANGELES, CA 90008
APLA is proud to present 4024 Nicolet Ave - a 20 Unit Apartment Complex in Los Angeles. This beautifully maintained Pride of Ownership Building is located in the heart of a rapidly re-developing neighborhood. The property is within walking distance to the new Metro Crenshaw/LAX Line allowing easy transit access. The property has extremely Strong Cash Flow with potential Rental Upside! Many units have been remodeled and all required Soft-Story Seismic Retrofitting was COMPLETED in 2018! Excellent Unit Mix - (13) Thirteen -(1) One Bedroom and (1) One Bath Units, (7) Seven -(2) Two Bedroom and (1) One Bath Units with approximately 25% + UPSIDE! Individually Metered for Gas and electricity! Secure On-Site Parking & Laundry On-Site. PLEASE DO NOT DISTURB TENANTS or Walk on the Property.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 13 | - | 708 |
| 2+2 | 7 | - | 987 |
Property Taxes
| Parcel Number | 5030-016-010 | Improvements Assessment | $1,750,000 |
| Land Assessment | $1,900,000 | Total Assessment | $3,650,000 |
Property Taxes
