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

$4,600,000
  • 27 Beds
  • 27 Baths
  • 17,030 Sq.Ft.
For Sale
$4,600,000 Get Pre-Qualified
Map preview of 4024 Nicolet Ave, Los Angeles, CA 90008

Property Overview: 4024 Nicolet Ave Los Angeles, CA has 27 bedrooms, 27 bathrooms, 17,030 living square feet and 15,629 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: Calling All Investors! 10.88 GRM and 5.68% CAP Rate at asking! Terrific Unit Mix of 13-1Bed + 1 Bath Units and 7-2Bed + 2 Bath Units. Secure Entry with On-Site Parking and On-Site Laundry. Soft Story Retrofit Completed. Potential Rental Upside in High Demand Rental Location! Well maintained property!

Listed by Michael Pesci | BRE #01274379 | Keller Williams Studio City
Co-listed by James Antonucci | BRE #01822661 | Keller Williams Realty-Studio City
Last checked: 4 minutes ago | Last updated: March 1st, 2024 | Source CRMLS | DOM: 52
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Home details

Lot Sq. Ft
15,629
HOA Dues
$0/mo
Year built
1958
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24361189
City
Los Angeles
County
Los Angeles
Time on Site
64 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 20
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 13
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,666
  • Total Rent: $21,656
  • Pro Forma/Market Rent: $26,000
Unit Breakdown 2
  • # of Units: 7
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,913
  • Total Rent: $13,393
  • Pro Forma/Market Rent: $16,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.68%
  • Gross Rent Multiplier: 10.88
  • Gross Scheduled Income: --
  • Net Operating Income: $261,377
  • Gross Operating Income: $410,037
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
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 16
  • Has Parking
  • Parking Features: Assigned, Attached Carport
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 20
  • Parcel Number: 5030016010
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: West of Crenshaw, East of La Brea, South of Coliseum
View more facts & features

Local Los Angeles Agent

Sale History for 4024 Nicolet Ave

View property's historical transactions

  • February, 2024

  • Feb 22, 2024

    Date

    Active

    CRMLS: 24361189

    $4,600,000

    Price

Tax History for 4024 Nicolet Ave

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

4024 Nicolet Ave is listed 268.29% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $772 and this home is listed at $270.11 per/sqft which puts the price per square foot 65.01% 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 multi family located in Los Angeles, CA 90008 and is currently for sale. This multi family property offers 27 bedrooms, 27 bathrooms, roughly 17,030 living square feet, and sits on an approximately 15,629 square foot lot. 4024 Nicolet Ave was first listed on ArdentRealEstateGroup.com on February 22, 2024. The homeowner is currently asking $4,600,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $772. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 268.29% higher than the median priced home. Local competing homes currently for sale include 1819 S Gramercy Pl, 9240 W National Blvd and 7113-7107 La Tijera Blvd. While the average home in Los Angeles, CA is selling in 97 days, 4024 Nicolet Ave has a days on market of 52 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 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
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

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.
$713
Median Sold Price
$995,000
Median Sold Price/Sq.Ft.
$639
Total Inventory
39
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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Recently Sold Homes Near 4024 Nicolet Ave

3940 Nicolet Ave, Los Angeles, CA 90008
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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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