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3900 Nicolet Ave, Los Angeles, CA 90008
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3900 Nicolet Ave Los Angeles, CA 90008

$16,700,000 Sold Price as of 10/05/2021
  • 92 Beds
  • 89 Baths
  • 72,036 Sq.Ft.
Sold
$16,700,000 Sold Price as of 10/05/2021 Refinance Your Mortgage
Map preview of 3900 Nicolet Ave, Los Angeles, CA 90008

Property Overview: 3900 Nicolet Ave Los Angeles, CA has 92 bedrooms, 89 bathrooms, 72,036 living square feet and 74,272 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Court date is set. Agents please see private remarks for more information. 76-unit Apartment building with soft story retrofit completed. Unit mix is 60 1 bedrooms/1 bathrooms, 3 2 bedroom/1 bathroom, and 13 2 bedrooms/2 bathrooms. Building square footage is 72,036 situated on a 74,272 square foot lot. Located in the Baldwin Village neighborhood of South Los Angeles. Probate sale, court confirmation is required.

Listed by Nancy Sanborn | BRE #00771096 | Berkshire Hathaway HomeServices California
Co-listed by Brian Joy | BRE #01324371 | Berkshire Hathaway HomeServices California
Last checked: 8 minutes ago | Last updated: November 1st, 2023 | Source CRMLS | DOM: 85

Home details

Lot Sq. Ft
74,272
HOA Dues
$0/mo
Year built
1956
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21734468
City
Los Angeles
County
Los Angeles
Time on Site
1091 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 76
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 13
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $11,262
  • Total Rent: $11,262
  • Pro Forma/Market Rent: $11,262
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,210
  • Total Rent: $3,210
  • Pro Forma/Market Rent: $3,210
Unit Breakdown 3
  • # of Units: 60
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $49,155
  • Total Rent: $49,155
  • Pro Forma/Market Rent: $49,155
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 15.71
  • Gross Scheduled Income: --
  • Net Operating Income: $290,232
  • Gross Operating Income: $763,524
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 3900 Nicolet Ave

Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Assigned, Garage, Gated
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 76
  • Parcel Number: 5030008006
Location / Neighborhood
Location Information
  • Directions: East of La Brea, South of Coliseum
View more facts & features

Local Los Angeles Agent

Sale History for 3900 Nicolet Ave

Last sold for $16,700,000 on October 5th, 2021

  • November, 2023

  • Nov 1, 2023

    Date

    Expired

    CRMLS: 23303265

    $2,650

    Price

  • Aug 21, 2023

    Date

    Active

    CRMLS: 23303265

    $2,650

    Price

  • Listing provided courtesy of CRMLS

    Welcome to your dream home in the heart of Baldwin Hills! This exquisitely remodeled 3-bedroom, 2-bathroom apartment is now available for immediate occupancy. Nestled within a gated community, this is an incredible opportunity to experience both quality and convenience. Embrace the Baldwin Hills lifestyle with easy access to nearby amenities, shopping centers, trendy eateries, and cultural attractions.

  • October, 2021

  • Oct 7, 2021

    Date

    Sold

    CRMLS: 21734468

    $16,700,000

    Price

  • Aug 17, 2021

    Date

    Pending

    CRMLS: 21734468

    $15,357,800

    Price

  • Jun 24, 2021

    Date

    Price Change

    CRMLS: 21734468

    $15,357,800

    Price

  • Jun 15, 2021

    Date

    Active Under Contract

    CRMLS: 21734468

    $12,000,000

    Price

  • May 24, 2021

    Date

    Active

    CRMLS: 21734468

    $12,000,000

    Price

  • September, 1975

  • Sep 2, 1975

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • December, 1974

  • Dec 31, 1974

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 3900 Nicolet Ave

Assessed Value (2020): $800,000
Year Land Value Improved Value Assessed Value
2020 $175,809 $624,191 $800,000

Home Value Compared to the Market

This property vs the competition

3900 Nicolet Ave sold on October 5, 2021 for 1190.57% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $213.2 per/sqft which puts the price per square foot 71.76% lower than the current median sale per square foot for the city of Los Angeles.

About 3900 Nicolet Ave

Detailed summary of property

3900 Nicolet Ave is a multi family that recently sold in Los Angeles, CA 90008. This multi family property offered 92 bedrooms, 89 bathrooms, roughly 72,036 living square feet, and sits on an approximately 74,272 square foot lot. 3900 Nicolet Ave was first listed on ArdentRealEstateGroup.com on May 24, 2021. The homeowner sold the property for $16,700,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 1190.57% higher than the current median priced home. While the average home in Los Angeles, CA is selling in 92 days, 3900 Nicolet Ave has a days on market of 85 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 3900 Nicolet Ave Los Angeles, CA 90008 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3900 Nicolet Ave

Public county record property details
Beds
--
Baths
--
Year built
1956
Sq. Ft.
32,118
Lot Size
33,856
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
127-130
APN
5030-008-006

The source for these homes facts are from public records.

90008 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,489,000
Median List Price/Sq.Ft.
$730
Median Sold Price
$1,275,000
Median Sold Price/Sq.Ft.
$662
Total Inventory
51
Median Sale to List Price %
91.79%
Avg Days on Market
62
Loan Type
Conventional (30.77%), FHA (0%), VA (0%), Cash (30.77%), Other (15.38%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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