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Los Angeles, CA 90008 

4024 Nicolet Ave

Los Angeles, CA 90008 

20 Units | Baldwin Village

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Property

The Asset

Units

Gross SF

Lot Sf

Year Built

Parking

Summary

20

17,034

15,629

1958

20 Spaces

Summary

SNAPSHOT

Baldwin

Village

Ideal

Unit MIx

Stable Asset

with Upside

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Overview

4024 Nicolet Avenue is a 20-Unit apartment community located in the Baldwin Village sub-market. The offering provides investors with a unique opportunity to acquire a stable asset in a premier Los Angeles rental market with meaningful long-term capital appreciation.  4024 Nicolet Avenue features an ideal unit composition of Ten (10) Two-Bedroom | Two-Bathroom units and Ten (10) One-Bedroom | One-Bathroom units.

 

Units are accessed through a quiet and open-air courtyard. In all, 4024 Nicolet Avenue boasts 17,034 SF of improvements on a 15,629 SF lot, zoned LAR3. The property is fully parked with a total of 20 spaces. Additionally, current ownership has completed the mandatory soft-story retrofit and received the Certificate of Compliance.

 

4024 Nicolet Avenue also features a common area laundry room and central boiler. Gas and electrical utilities are separately metered.  The in-place metrics are strong with even further upside. Investors have the opportunity to acquire a stable asset with tremendous upside in one of LA’s hottest rental markets.

 

Engagement Team

RICH JOHNS

KW Commercial - Multifamily Advisor

818.432.1575

Richjohns@kw.com

CalBRE Lic#01432215

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NICK ASTRUPGAARD

KW Commercial - Multifamily Advisor

818.432.1580

nastrupgaard@kw.com

CalBRE Lic #01893466

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