StatusAccepting Backup Offers (Active Under Contract)
About 4024 Nicolet Ave
DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT LISTING TEAM FOR DETAILS. We are pleased to offer the opportunity to acquire 4024 Nicolet Avenue, a 20-unit apartment community located in Baldwin Village. Situated on a 15,633 square foot parcel, the property is comprised of 13 one-bedroom units and seven two-bedroom units. The property has more than 20% upside in rental income that can be captured through renovating remaining unit interiors. Moreover, the mandatory soft-story retrofit wok has already been completed saving a new investor substantially in capital and time. 4024 Nicolet Avenue provides investors a compelling buying opportunity to acquire a value-add opportunity with a healthy in-place income stream, located in a rapidly gentrifying neighborhood.
Property Details
Property Features
Property Information:
Year Built: 1958
Stories: 2
Living Area: 17,034 SqFt
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (310) 909-5500
Listing Agent: Sean Rosenzweig
Interior Features
Bedroom and Bathroom Information:
Total Bedroom Count: 27
Exterior Features
Parking Information:
Parking: Covered
Lot Features
Lot Information:
Lot Size: 0.36 Acres
Other
Directions Information:
Directions: West of Hillcrest Drive & South of Pinafore Street
Price Information
Listing Price Info
Price Summary:
List Price: $3,950,000
Price Per SqFt: $232/SqFt
Tax Information:
Annual Amount: $20,512
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $2.9M more than the Median Sold Price and $409/SqFt less than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24437499
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (310) 909-5500
Listing Agent: Sean Rosenzweig
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/21/2024, 3:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jan 13, 2021
Jan 13, 2021Home Sold
$4,380,000
Dec 31, 2002
Dec 31, 2002Home Sold
$940,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$20,512
$1,553,361
2020
$19,941
$1,537,435
2019
$19,682
$1,507,291
2018
$19,248
$1,477,737
2017
$19,248
$1,448,762
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
2
/10
Hillcrest Drive Elementary
4041 Hillcrest Dr
Distance between this listing and this school0.20 miles
Public District Grades KG-5
4
/10
Coliseum Street Elementary School
4400 Coliseum St
Distance between this listing and this school0.51 miles
Public District Grades PK-5
5
/10
Baldwin Hills Elementary School
5421 Obama Blvd
Distance between this listing and this school1.00 miles
Public District Grades KG-5
Nearby Schools
5
/10
Stella Middle Charter Academy
4301 W Martin Luther King Jr Blvd
Distance between this listing and this school0.45 miles
Public Charter Grades 5-8
3
/10
The City
5753 Obama Blvd
Distance between this listing and this school1.29 miles
Public Charter Grades 6-8
2
/10
Audubon Middle School
4120 11th Ave
Distance between this listing and this school1.29 miles
Public District Grades 6-8
Nearby Schools
1
/10
View Park Continuation
4701 Obama Blvd
Distance between this listing and this school0.58 miles
Public District Grades 9-12
2
/10
Dorsey High School
3537 Farmdale Ave
Distance between this listing and this school0.67 miles
Public District Grades 9-12
4
/10
Catch Preparatory Charter High Inc.
4120 11th Ave
Distance between this listing and this school1.39 miles
The neighbors living near this home have an average income of $33,007. Typical income of Los Angeles, CA residents is less than $35k annually. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 4024 Nicolet Ave
What is the listing price of this property?
The listing price of 4024 Nicolet Ave property is $3,950,000.
What type of property is this?
The property 4024 Nicolet Ave is a house located in Los Angeles, California, 90008.
Is this property for sale now?
Accepting Backup Offers: 4024 Nicolet Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $20,512 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on January 13, 2021 for $4,380,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 4024 Nicolet Ave has 27 bedrooms and 27 bathrooms.
What is the square footage of this property?
The property 4024 Nicolet Ave is 17,034 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 4024 Nicolet Ave is 1958.
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This home is located at 4024 Nicolet Ave in Los Angeles, CA and zip code 90008 in the South LA neighborhood. This 17,034 square foot home, which was built in 1958, sits on a 0.36 acre lot. Features: 27 bedrooms, 27 bathrooms. It has been listed on Rocket Homes since September 12, 2024 and is currently priced at $3,950,000.
In October 2024, from all listings sold in Los Angeles, CA there were more than 598 sold above asking price, over 753 sold below and more than 191 were sold right at the asked price. Between September 2024 and October 2024, Los Angeles, CA real estate market has seen increase in the number of listings by 11.2%. The median list price of listings available in October 2024 was $1,023,474, while the average time on the real estate market was 38 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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