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Multifamily

3933-3939 Nicolet Ave

3933-3939 Nicolet Ave, Los Angeles, CA 90008

Listing Price: $5,500,000

Cap Rate
3.78%
Number of Units
23
Occupancy
100.0%
Price/Unit
$239,130
Price/Gross SF
$242.48
Gross SF
22,682

Investment Overview

Marcus & Millichap is pleased to present 3933-3939 Nicolet Avenue, a 23-unit investment property in Los Angeles, California. The property consists of two parcels located between Coliseum and Pinafore Streets just off La Brea Avenue. This area is a solid majority-renter market with low vacancy rates. 3933-3939 Nicolet Avenue is comprised of one studio unit, nine 1 bedroom 1 bathroom units, and thirteen 2 bedroom 2 bathroom. All of the units are separately metered for gas and electricity. The property also offers gated, covered parking in the rear. This offering presents a great opportunity for an investor to acquire an asset with steady cash flow in a strong rental market and capture potential upside in rents.

Investment Highlights

  • Roughly 46% Upside in Rents
  • Low Price per Foot
  • Several Units extensively renovated

Exclusively Listed By

Financing By

Multifamily

3933-3939 Nicolet Ave

Listing Price: $5,500,000

Cap Rate
3.78%
Number of Units
23
Occupancy
100.0%
Price/Unit
$239,130
Price/Gross SF
$242.48
Gross SF
22,682

Investment Highlights

  • Roughly 46% Upside in Rents
  • Low Price per Foot
  • Several Units extensively renovated

Investment Overview

Marcus & Millichap is pleased to present 3933-3939 Nicolet Avenue, a 23-unit investment property in Los Angeles, California. The property consists of two parcels located between Coliseum and Pinafore Streets just off La Brea Avenue. This area is a solid majority-renter market with low vacancy rates. 3933-3939 Nicolet Avenue is comprised of one studio unit, nine 1 bedroom 1 bathroom units, and thirteen 2 bedroom 2 bathroom. All of the units are separately metered for gas and electricity. The property also offers gated, covered parking in the rear. This offering presents a great opportunity for an investor to acquire an asset with steady cash flow in a strong rental market and capture potential upside in rents.

Exclusively Listed By

Financing By

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