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Los Angeles, CA 90008 4024 Nicolet Avenue

$4,600,000

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Presented By: Michael Pesci with Keller Williams Studio City;
  • MLS# 24361189
  • 02/22/2024
  • Request Tour
  • Request Info
  • BedBeds • 27
  • BathBaths • 27
  • FootageSQFT • 17,030
  • GarageGarage • 1

Home Details

Calling All Investors! 10.88 GRM and 5.68% CAP Rate at asking! Terrific Unit Mix of 13-1Bed + 1 Bath Units and 7-2Bed + 2 Bath Units. Secure Entry with On-Site Parking and On-Site Laundry. Soft Story Retrofit Completed. Potential Rental Upside in High Demand Rental Location! Well maintained property!
Presented By: Michael Pesci with Keller Williams Studio City;

Interior Features for 4024 Nicolet Avenue

Bedrooms

Total Bedrooms27

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths27

Other Interior Features

LivingAreaSourceAssessor
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Street SuffixAvenue
Total Stories2

General for 4024 Nicolet Avenue

Additional Parcels Y/NNo
Attached Garage Yes
Cap Rate5.68
Carport Y/NYes
CityLos Angeles
CountyLos Angeles
Days on Market8
DirectionsWest of Crenshaw, East of La Brea, South of Coliseum
Garage Y/NNo
Gross Income422719.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Lot Size Square Feet15629.0
MLS AreaPHHT - Park Hills Heights
MobileHomeRemainsYNNo
Net Operating Income261377.0
New ConstructionNo
Pool FeaturesNone
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Street NameNicolet
Tenant PaysElectricity, Gas
Total Units20
View Y/NNo
Virtual TourClick here
Waterfront Y/NNo
Year Built1958
Year Built SourceAssessor
ZoningLAR3

Exterior for 4024 Nicolet Avenue

Building Area Total17030.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.3588
Lot Size Area15629.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesAttachedCarport, Assigned
SpaNo
Total Parking16.0

Additional Details

Price History

1527188455

First Team Client Services

Price $4,600,000
MLS#24361189
List Date 02/22/2024
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors