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4024 Nicolet Ave
Los Angeles, CA 90008
A Value-Add 20-Unit in Baldwin Village · Multifamily Property For Sale
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20 Units
Investment Highlights
- A Unique Opportunity to Acquire a Partially Renovated Apartment Building With Attractive Returns in Baldwin Village With Remaining Upside Potential
- The Government Required Seismic Retrofit has Already Been Completed, Saving New Investor Capital, Time, and Allowing Capital Surcharges
- Current Ownership Has Attentively Maintained the Property
- Residents Can Easily Access the 10 Freeway and Major Thoroughfares Such as Jefferson Boulevard and La Brea Avenue
- Baldwin Village is Revitalizing with Major Investments, the LAX/Crenshaw Rail Line, and Baldwin Hills Crenshaw Plaza Redevelopment.
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 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 13 | - | 700 |
| 2+2 | 7 | - | 900 |
Property Taxes
| Parcel Number | 5030-016-010 | Improvements Assessment | $1,750,000 |
| Land Assessment | $1,900,000 | Total Assessment | $3,650,000 |
Property Taxes
Parcel Number
5030-016-010
Land Assessment
$1,900,000
Improvements Assessment
$1,750,000
Total Assessment
$3,650,000
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