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4024 Nicolet Ave, Los Angeles, CA 90008
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4024 Nicolet Ave Los Angeles, CA 90008

$4,900,000
  • -- Beds
  • -- Baths
  • 17,030 Sq.Ft.
For Sale
$4,900,000 Get Pre-Qualified
Map preview of 4024 Nicolet Ave, Los Angeles, CA 90008

Property Overview: 4024 Nicolet Ave Los Angeles, CA has -- bedrooms, -- bathrooms, 17,030 living square feet and 15,633 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: We are pleased to present this Excellent Los Angeles Location, Great Unit Mix - 13 - 1 Bedroom + 1 Bathroom, 7 - 2 Bedroom + 2 Bathroom Units with 20%+ Rental Upside! 12.15 X GRM, 4.90% CAP at current rents! Soft-Story Retrofit Completed in 2018! Gated Entry with Gated On-Site Parking! Zoned LAR3 on large lot! Spacious Units!

Listed by Michael Pesci | BRE #01274379 | Keller Williams Studio City
Co-listed by James Antonucci | BRE #01822661 | Keller Williams Realty-Studio City
Last checked: 13 minutes ago | Last updated: November 3rd, 2023 | Source CRMLS | DOM: 155
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Home details

Lot Sq. Ft
15,633
HOA Dues
$0/mo
Year built
1958
Garage
--
Property Type:
Other
Status
Active
MLS#
23328322
City
Los Angeles
County
Los Angeles
Time on Site
181 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 20
  • Total # of Buildings: --
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.9%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $33,432
  • Net Operating Income: $240,305
  • Gross Operating Income: --
  • Laundry Income: $177
  • Laundry Own/Lease: Lease
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 4024 Nicolet Ave

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Property Details for 4024 Nicolet Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Community
Interior Features
  • Security Features: Gated Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 14
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 20
  • Parcel Number: 5030016010
Location / Neighborhood
Location Information
  • Directions: Nicolet Ave. and Pinafore St.
View more facts & features

Local Los Angeles Agent

Sale History for 4024 Nicolet Ave

Last sold for $4,380,000 on January 13th, 2021

  • November, 2023

  • Nov 1, 2023

    Date

    Active

    CRMLS: 23328322

    $4,900,000

    Price

  • January, 2021

  • Jan 13, 2021

    Date

    Sold (Public Records)

    Public Records

    $4,380,000

    Price

  • August, 2020

  • Aug 17, 2020

    Date

    Expired

    CRMLS: 19529438

    $4,599,000

    Price

  • Aug 9, 2020

    Date

    Withdrawn

    CRMLS: 19529438

    $4,599,000

    Price

  • Apr 7, 2020

    Date

    Price Change

    CRMLS: 19529438

    $4,599,000

    Price

  • Nov 12, 2019

    Date

    Active

    CRMLS: 19529438

    $4,799,000

    Price

  • Listing provided courtesy of CRMLS

    Nicolet Court apartments are centrally located near Palms, just north of Inglewood and minutes from Downtown Los Angeles and LAX. The subject property is positioned in a rapidly developing neighborhood just east of South La Brea Ave., west of Crenshaw Blvd. and south Coliseum St., in a high demand rental location. Jim Gilliam Park, New Expo (Crenshaw/LAX Transit Project), New Baldwin Hills Shopping & New Kaiser Permanente are within walking distance. Soft-Story Retrofit was completed in 2018. The property is comprised of (13) Thirteen - (1) One Bedroom and (1) One Units and (7) Seven - (2) Two Bedroom and (2) Two Bath Units. The property is individually metered for Gas & Electricity and provides ample on-site laundry. Built in 1958, this property is well maintained on-site parking, which is an added amenity for tenant. There is ample upside in rents, which provides investors a "value-add" opportunity.

  • August, 2003

  • Aug 20, 2003

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 4024 Nicolet Ave

Assessed Value (2020): $1,537,435
Year Land Value Improved Value Assessed Value
2020 $1,098,839 $438,596 $1,537,435

Home Value Compared to the Market

This property vs the competition

4024 Nicolet Ave is listed 300% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $287.73 per/sqft which puts the price per square foot 62.83% lower than the median price per square foot for the city of Los Angeles.

About 4024 Nicolet Ave

Detailed summary of property

4024 Nicolet Ave is a other located in Los Angeles, CA 90008 and is currently for sale. This property offers -- bedrooms, -- bathrooms, roughly 17,030 living square feet, and sits on an approximately 15,633 square foot lot. 4024 Nicolet Ave was first listed on ArdentRealEstateGroup.com on November 3, 2023. The homeowner is currently asking $4,900,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 300% higher than the median priced home. Local competing homes currently for sale include 960 E 12th St, 523 S Broadway and 405 S Boyle Ave. While the average home in Los Angeles, CA is selling in 96 days, 4024 Nicolet Ave has a days on market of 155 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 4024 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 4024 Nicolet Ave

Public county record property details
Beds
--
Baths
--
Year built
1958
Sq. Ft.
17,034
Lot Size
15,628
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
143,144
APN
5030-016-010

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
$1,475,000
Median List Price/Sq.Ft.
$730
Median Sold Price
$995,000
Median Sold Price/Sq.Ft.
$639
Total Inventory
42
Median Sale to List Price %
103.75%
Avg Days on Market
35
Loan Type
Conventional (21.43%), FHA (7.14%), VA (0%), Cash (14.29%), Other (7.14%)

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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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