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$4,600,000   Price Analysis
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4024 Nicolet Ave
Los Angeles, CA 90008
27 bed 27 bath 17,030 SqFt ($270/SqFt)
0.36 acre lot. Built 1958
Listed 2024-02-22, Taxes $54,459
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

Calling All Investors!

10.88 GRM a nd 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 mantained property!


Presented by Michael Pesci at
Keller Williams Realty-Studio City.


Property MLS #24-361189 from TheMLSCLAW

Bedrooms: 27

Total Bathrooms: 27
Full Bathrooms: 27

Heating Features: Wall

Lot Size Acres: 0.3587925
Lot Size Source: Assessor
Lot Size Square Feet: 15629

Garage Description: Assigned, Carport Attached
Parking Total: 16

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 1
Number of Units: 20
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 26000, 2 BedsTotal: 2, 2 BathsTotal: 2, 2 SquareFeet: 16800

Tenant Pays: Electric, Gas

Source Listing Status: Active
County: Los Angeles
Cap Rate: 5.68
Directions: West of Crenshaw, East of La Brea, South of Coliseum
Source Property Type: Residential Income
Area: Park Hills Heights
Source Neighborhood: Park Hills Heights
Parcel Number: 5030-016-010
Postal Code Plus 4: 2265
Zoning: LAR3
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$668,100 + $3,799,500
$4,467,600
$54,459
2021$443,139 + $1,110,222
$1,553,361
$20,512
2020$438,596 + $1,098,839
$1,537,435
$20,691
2019$429,997 + $1,077,294
$1,507,291
$19,941
2018$421,566 + $1,056,171
$1,477,737
$19,682
2017$413,300 + $1,035,462
$1,448,762
$19,247
2016$405,197 + $1,015,159
$1,420,356
$18,636
2015$399,111 + $999,911
$1,399,022
$18,385
2014$391,293 + $980,325
$1,371,618
$18,574
2013$389,525 + $975,895
$1,365,420
$18,569
2012$381,888 + $956,760
$1,338,648
$18,814
2010$402,000 + $938,000
$1,340,000
$15,555
2009$433,061 + $625,497
$1,058,558
$15,011
2009$432,034 + $624,014
$1,056,048
$15,011
2008$424,570 + $613,233
$1,037,803
$14,442
2007$416,246 + $601,209
$1,017,455
$13,930

Listed 2024-02-22
$4,600,000
TheMLSCLAW
Sold 2021-01-13
$4,380,000
Public Record
Listing removed 2020-08-09
$0
TheMLSCLAW
Price Changed 2020-04-09
$4,599,000
TheMLSCLAW
Listed 2019-11-12
$4,799,000
TheMLSCLAW
Listing removed 2014-08-01
$2,325,000
TheMLSCLAW
Listed 2014-06-23
$2,325,000
TheMLSCLAW
Listing removed 2014-02-27
$1,225
WestsideRentals
Listed for rent 2014-01-25
$1,225
WestsideRentals
Listing removed 2014-01-08
$1,275
WestsideRentals
Listed for rent 2013-12-29
$1,275
WestsideRentals
Listing removed 2013-12-28
$1,275
WestsideRentals
Listed for rent 2013-12-11
$1,275
WestsideRentals
Listing removed 2013-12-10
$1,275
WestsideRentals
Listing removed 2013-09-02
$2,075,000
TheMLSCLAW
Price Changed 2013-07-10
$2,075,000
TheMLSCLAW
Relisted 2013-04-19
$2,100,000
TheMLSCLAW
Listing removed 2013-04-10
$2,100,000
TheMLSCLAW
Price Changed 2013-02-18
$2,100,000
TheMLSCLAW
Listed 2013-01-25
$2,000,000
TheMLSCLAW
Sold 2010-11-05
$1,340,000
ITECH
Listing removed 2010-10-09
$1,650,000
CRMLS
Listed 2010-07-07
$1,650,000
CRMLS
Listed 2010-07-07
$1,650,000
ITECH
Listing removed 2010-05-05
$1,600,000
CRMLS
Listing removed 2010-05-03
$1,600,000
ITECH
Listed 2010-02-16
$1,600,000
CRMLS
Listed 2010-02-16
$1,600,000
ITECH
Sold 2002-12-31
$940,000
Public Record

Net Operating Income: 261377

Total Square Feet Living: 17030
Year Built: 1958
Levels: One Level
Living Area Source: Assessor
Property Age: 66
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Assessor

Other Equipment: Range/Oven

Hillcrest Drive Elementary School is a public elementary school located approximately 0.2 miles away.
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Susan Miller Dorsey Senior High School is a public high school located approximately 0.7 miles away.
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Audubon Middle School is a public middle school located approximately 1.3 miles away.
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Little Lamb-Lamb of God Christian School is a private high school located approximately 0.5 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.