4046 Nicolet Ave
Los Angeles, CA 90008
17 Beds8 Baths6,620 Sq Ft125 Days on Market
For Sale $1,825,000
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Courtesy of Avenue Realty Group
Listing Agent & Comments
Large price improvement! Bring all offers for this 8-unit gated apartment building with an assumable loan that is fixed at a 3.350% interest rate until May 2027! 4046 Nicolet Ave is located in the heart of Baldwin Village and features a strong unit mix of (7) 2 Bed/1 Bath & (1) 3 Bed/1 Bath units. The property enjoys a huge premium of having 9 on-site & gated parking for tenants in the back (7 singles & 1 tandem). At list price, the property is being offered at an attractive 11.04 GRM and 5.72% cap rate on current rents and operating expenses. In the last 20 years, the entire electrical system was replaced, the building was re-piped to copper plumbing throughout, and new windows were installed. In the last 2 years, the EQ retrofit work has been completed, a new roof was put on the building, and a brand new 100-gallon water heater & expansion tank were installed. Utility costs are low as most tenants are on RUBS for utility reimbursements, no on-site laundry room, and separately metered for gas & electricity. The next owner will enjoy the perks of having stable in-place cash flow with 25% rental upside, and a fixed low interest rate to generate great day 1 cash flow. Tenants enjoy being just 1 block away from Jim Gilliam Park. Zoned LAR3 will make lot value continue to be valuable for future usage. Can be bought together or separate with 411 Witmer Street.
MLS# 24406439 • Data provided by CRMLS
Living Area | 6,620 Sq.Ft. |
---|---|
Lot Size | 7,889 Sq.Ft. |
Total Rooms | -- |
Bedrooms | 17 |
Bathrooms | 8 |
Stories | 2 |
Year Built | 1956 |
Property Type | Multi Family |
Zoning | LAR3 |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | 2024 |
Tax Amount | $22,217 |
Property in Flood Zone | -- |
Data provided by CRMLS.
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More Information On This Home
This home's estimated value
$1,795,324
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Rental estimate
New
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HouseCanary, Inc. Brokerage
4046 Nicolet Ave., Los Angeles, CA 90008
Multi Family17 Beds8 Baths6,620 Sq Ft125 Days on Market
Listing Agent & Comments
Large price improvement! Bring all offers for this 8-unit gated apartment building with an assumable loan that is fixed at a 3.350% interest rate until May 2027! 4046 Nicolet Ave is located in the heart of Baldwin Village and features a strong unit mix of (7) 2 Bed/1 Bath & (1) 3 Bed/1 Bath units. The property enjoys a huge premium of having 9 on-site & gated parking for tenants in the back (7 singles & 1 tandem). At list price, the property is being offered at an attractive 11.04 GRM and 5.72% cap rate on current rents and operating expenses. In the last 20 years, the entire electrical system was replaced, the building was re-piped to copper plumbing throughout, and new windows were installed. In the last 2 years, the EQ retrofit work has been completed, a new roof was put on the building, and a brand new 100-gallon water heater & expansion tank were installed. Utility costs are low as most tenants are on RUBS for utility reimbursements, no on-site laundry room, and separately metered for gas & electricity. The next owner will enjoy the perks of having stable in-place cash flow with 25% rental upside, and a fixed low interest rate to generate great day 1 cash flow. Tenants enjoy being just 1 block away from Jim Gilliam Park. Zoned LAR3 will make lot value continue to be valuable for future usage. Can be bought together or separate with 411 Witmer Street.
MLS# 24406439 • Data provided by CRMLS
Living Area | 6,620 Sq.Ft. |
---|---|
Lot Size | 7,889 Sq.Ft. |
Total Rooms | -- |
Bedrooms | 17 |
Bathrooms | 8 |
Stories | 2 |
Year Built | 1956 |
Property Type | Multi Family |
Zoning | LAR3 |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | 2024 |
Tax Amount | $22,217 |
Property in Flood Zone | -- |
Data provided by CRMLS.
We’ll connect you with top agents in your area.
This property is missing data for:
Rental estimate
New
Do you own this home?
Access your homeowner dashboard
For Sale $1,825,000
Request tour
Save
Courtesy of Avenue Realty Group
4046 Nicolet Ave
Los Angeles, CA 90008
17 Beds8 Baths6,620 Sq Ft125 Days on Market
Listing Agent & Comments
Large price improvement! Bring all offers for this 8-unit gated apartment building with an assumable loan that is fixed at a 3.350% interest rate until May 2027! 4046 Nicolet Ave is located in the heart of Baldwin Village and features a strong unit mix of (7) 2 Bed/1 Bath & (1) 3 Bed/1 Bath units. The property enjoys a huge premium of having 9 on-site & gated parking for tenants in the back (7 singles & 1 tandem). At list price, the property is being offered at an attractive 11.04 GRM and 5.72% cap rate on current rents and operating expenses. In the last 20 years, the entire electrical system was replaced, the building was re-piped to copper plumbing throughout, and new windows were installed. In the last 2 years, the EQ retrofit work has been completed, a new roof was put on the building, and a brand new 100-gallon water heater & expansion tank were installed. Utility costs are low as most tenants are on RUBS for utility reimbursements, no on-site laundry room, and separately metered for gas & electricity. The next owner will enjoy the perks of having stable in-place cash flow with 25% rental upside, and a fixed low interest rate to generate great day 1 cash flow. Tenants enjoy being just 1 block away from Jim Gilliam Park. Zoned LAR3 will make lot value continue to be valuable for future usage. Can be bought together or separate with 411 Witmer Street.
MLS# 24406439 • Data provided by CRMLS
Living Area | 6,620 Sq.Ft. |
---|---|
Lot Size | 7,889 Sq.Ft. |
Total Rooms | -- |
Bedrooms | 17 |
Bathrooms | 8 |
Stories | 2 |
Year Built | 1956 |
Property Type | Multi Family |
Zoning | LAR3 |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | 2024 |
Tax Amount | $22,217 |
Property in Flood Zone | -- |
Data provided by CRMLS.
We’ll connect you with top agents in your area.
More Information On This Home
This home's estimated value
$1,795,324
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Rental estimate
New
Do you own this home?
Access your homeowner dashboard
For Sale $1,825,000
Request tour
Save
Courtesy of Avenue Realty Group