Multifamily
4024 Nicolet Avenue
4024 Nicolet Ave, Los Angeles, CA 90008
Listing Price: $3,950,000
Investment Overview
DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT LISTING TEAM FOR DETAILS.
The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer the opportunity to acquire 4024 Nicolet Avenue, a 20-unit apartment community located in Baldwin Village.
Situated on a 15,633 square foot parcel, the property is comprised of 13 one-bedroom units and seven two-bedroom units. The property has more than 20% upside in rental income that can be captured through renovating remaining unit interiors. Moreover, the mandatory soft-story retrofit wok has already been completed saving a new investor substantially in capital and time.
4024 Nicolet Avenue provides investors a compelling buying opportunity to acquire a value-add opportunity with a healthy in-place income stream, located in a rapidly gentrifying neighborhood.
4024 Nicolet Avenue
Investment Highlights
- A Unique Opportunity to Acquire a Partially Renovated Apartment Building With Attractive Returns in Baldwin Village With Remaining Upside Potential
- Residents Can Easily Access the 10 Freeway and Major Thoroughfares Such as Jefferson Boulevard and La Brea Avenue
- The Government Required Seismic Retrofit Work has Already Been Completed Which Saves a New Investor Substantially in Capital and Time While Also Being Able to Take Advantage of Capital Surcharges
- Baldwin Village is Revitalizing with Major Investments, the LAX/Crenshaw Rail Line, and Baldwin Hills Crenshaw Plaza Redevelopment.
- Current Ownership Has Attentively Maintained the Property
Exclusively Listed By
Financing By
Listing Price: $3,950,000
Investment Highlights
- A Unique Opportunity to Acquire a Partially Renovated Apartment Building With Attractive Returns in Baldwin Village With Remaining Upside Potential
- Residents Can Easily Access the 10 Freeway and Major Thoroughfares Such as Jefferson Boulevard and La Brea Avenue
- The Government Required Seismic Retrofit Work has Already Been Completed Which Saves a New Investor Substantially in Capital and Time While Also Being Able to Take Advantage of Capital Surcharges
- Baldwin Village is Revitalizing with Major Investments, the LAX/Crenshaw Rail Line, and Baldwin Hills Crenshaw Plaza Redevelopment.
- Current Ownership Has Attentively Maintained the Property
Investment Overview
DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT LISTING TEAM FOR DETAILS. The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer the opportunity to acquire 4024 Nicolet Avenue, a 20-unit apartment community located in Baldwin Village. Situated on a 15,633 square foot parcel, the property is comprised of 13 one-bedroom units and seven two-bedroom units. The property has more than 20% upside in rental income that can be captured through renovating remaining unit interiors. Moreover, the mandatory soft-story retrofit wok has already been completed saving a new investor substantially in capital and time. 4024 Nicolet Avenue provides investors a compelling buying opportunity to acquire a value-add opportunity with a healthy in-place income stream, located in a rapidly gentrifying neighborhood.
Exclusively Listed By
Financing By
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