Los Angeles, CA 90008
LISTING CRE
Los Angeles, CA 90008
4024 Nicolet Ave
Los Angeles, CA 90008
20 Units | Baldwin Village
Property
The Asset
Units
Gross SF
Lot Sf
Year Built
Parking
Summary
20
17,034
15,629
1958
20 Spaces
SNAPSHOT
Baldwin
Village
Ideal
Unit MIx
Stable Asset
with Upside
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
NICK ASTRUPGAARD
KW Commercial - Multifamily Advisor
818.432.1580
CalBRE Lic #01893466